CABB acquires Swiss company, SF-Chem

CABB acquires Swiss company, SF-Chem

4:38 PM, 23rd June 2011
CABB acquires Swiss company, SF-Chem

 

SULZBACH, GERMANY: CABB GmbH will acquire 100 per cent of SF-Chem AG, based in Pratteln, Switzerland. CABB GmbH has been a portfolio company of AXA Private Equity since January 2007, while SF-Chem AG had been a portfolio company of Capvis Private Equity since 2004.

The combination of CABB and SF-Chem creates a strengthened company with combined sales of over € 260 million of which over half are in specialty intermediates, with three production sites. The enlarged business will pursue partnership opportunities in Asia and the Americas. In addition, the development of new applications for existing as well as new customer groups will further enhance the new company’s growth potential. The current management team will continue to run SF-Chem after the combination with CABB and retains a shareholding in the company.

“This represents a successful first phase in executing our strategic roadmap, which we developed over the past year. The complementary business of SF-Chem will make the new CABB/ SF-Chem company, a broader-based specialty intermediates company. SF-Chem brings highly skilled employees and adds new chemistry to our capabilities,” commented Ruud de Boer, CEO, CABB.

© WOC News

 

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