CFI advised management and private investors on the acquisition of Buss ChemTech from Kresta Industries

Zurich – CFI is pleased to announce it acted as the buy-side advisor to management and private investors on their acquisition of Buss ChemTech AG from Kresta Industries.

Buss ChemTech AG develops and licenses chemical process technologies worldwide. The company offers fluorine chemical process technologies for the manufacture of aluminum fluoride, anhydrous hydrofluoric acid, anhydrous hydrofluoric acid safety storage, and anhydrite from hydrofluoric acid; and technologies and equipment for the production of green anode paste. It also provides reaction technologies, such as amination, alkylation, carbonylation, ethoxylation, hydrogenation, nitrilation, oxidation, and phosgenation. Buss ChemTech AG was formerly known as Davy Process Technology (Switzerland) AG and changed its name to Buss ChemTech AG in January 2006. The company was founded in 1884 and is based in Pratteln, Switzerland.

Kresta Industries Group is a business specializing in industrial plant construction with headquarters in Austria’s region of Carinthia. Core areas of expertise are engineering, production, installation, insulation, tank and apparatus construction, pipeline construction, welding and steel construction, mechanical and aggregate construction as well as environmental engineering. The production facilities are located in St. Andrä in Austria’s Lavanttal region.

As of September 30, 2011, Buss ChemTech AG became a subsidiary of KRESTA Technology AG. In 2016, the Management and private investors buy back 100% of the Buss ChemTech shares from Kresta industries in a transaction that was announced in July 2016.