HCS Group announces completion of acquisition by ICIG

With the company takeover, the current CEO will be leaving the company

05-Sep-2023 - Germany
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HCS Group announced that the acquisition by the International Chemical Investors Group (ICIG) has been successfully closed. The chemical company with worldwide 500 employees is now part of ICIG, a privately owned industrial group. Within ICIG, HCS Group will form the basis for a new strategic business platform.

With the company takeover, the current CEO Henrik Krüpper will be leaving the company at his own request. Peter Stubbe will temporarily assume the role of CEO in addition to his function as Chief Financial Officer.

The acquisition comprises the entire operational business of HCS Group, including the Haltermann Carless, Electrical Oil Services (EOS) and ETS Racing Fuels brands.

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