Zurich – CFI Switzerland is pleased to announce that they acted as financial advisor to the CHT Group, a leading supplier of specialty chemicals, in the acquisition of keimadditec surface as well as the operating assets of Silcona GmbH & Co. KG that was previously part of the Keim Group.
The CHT Group is a medium-sized global player for specialty chemistry, in the fields of silicones, building materials, paints, coatings, paper, agrochemicals as well as cleaning and care products, with production and sales locations in over 25 countries. In 2018 the Group generated a turnover of 513 million Euro with around 2’200 employees.
keimadditec surface GmbH develops and produces environmentally friendly water based wax additives to improve or modify surface properties of resulting coatings. Typical fields of application are aqueous coatings, printing inks, lacquers and paints as well as adhesives and polishes.
CEO of the CHT Group Dr. Frank Naumann: “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 development of keimadditec with ist long-established brands keimadditec surface and Silcona.”
The transaction closed on 19. November 2019
acquired the shares it did not already own in its UK distributor
acquired 55% stake in