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CHT Group acquires keimadditec surface

29-Nov-2019

The CHT Group 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.

CEO of the CHT Group Dr. Frank Naumann said: “We are delighted that Mr. Keim, the owner and founder of the Keim Group, is placing his trust in us and that CHT Group was the chosen partner for the successful developmemt of KAS with its long-established brands keimadditec surface and Silcona. 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. We are pleased to be able to continue the successful business development and combine the strengths of technical innovation and customer service of both companies.”

Helmut Keim, owner of the Keim Group, is also very pleased “The CHT Group is committed to its focus on values and a sense of responsibility. Consequently, for me CHT is the ideal successor who can offer my employees and our customers quality and continuity. The acquisition provides advantages for both companies. The CHT Group gains a strong presence in the field of wax additives and in the printing ink industry. The two companies remaining in the Keim Group, Euroceras and Ceronas, get a strong, reliable and strategic partner.”

Axel Breitling, CFO of the CHT Group, deems the successful transaction a “strategically and commercially meaningful acquisition which provides the CHT Group with solid added potential for the future.”

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.”

Dr. Bernhard Hettich, CTO of the CHT Group, notes that the expansion of the CHT business to include wax additives does not only constitute technological enhancement. “With this sustainable class of products CHT is in a position to serve attractive market segments. Adding to our product portfolio with sustainable wax additives underpins and supports our vision of being the leading international benchmark for sustainable chemistry.”

The parties to the contract have agreed to keep the contractual details of the transaction confidential.

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