CHT group acquires Keimadditec Surface
On 27 November 2019 the CHT group, a supplier of speciality chemicals, acquired Keimadditec Surface (KAS) that was previously part of the Keim Group.
Keimadditec Surface is a leading supplier of high-performance wax additives, with a strong global position in the field of printing inks. The portfolio is enhanced with water-based speciality additives of the Silcona brand. Around 42 million euros will be added to the business volume of the CHT Group. The parties to the contract have agreed to keep the contractual details of the transaction confidential.
Expansion of business with additives
CEO of the CHT Group Dr. Frank Naumann said: “The acquisition results in a significant expansion to our current business with additives for industrial applications and positions the CHT Group as a leading supplier of wax additives in the paints and coatings industry worldwide.”
Dr. Bernd Schenzle, Head of the business area Construction & Assembly for the CHT Group, comments of the acquisition: “The additives from KAS together with their strong distribution partners will significantly enhance and strengthen our worldwide portfolio for the paints and coatings industry. With this transaction CHT Additives will gain greater presence internationally. With the wax additives we shall be creating significant added value for our customers in a variety of industry segments.”
