Transfar chemicals acquire textile chemicals manufacturer in Netherlands

Transfar chemicals to acquire textile chemicals manufacturer in Netherlands

11:41 AM, 19th August 2016
Transfar chemicals to acquire textile chemicals manufacturer in Netherlands

HANGZHOU, CHINA/EDE, THE NETHERLANDS: Zhejiang Transfar Co Ltd, a leading Chinese company active in chemicals and logistics (a part of Transfar Group) has signed a definitive agreement to acquire 100 percent shares of Tanatex Chemicals Group, a global leader in specialist textile chemicals based in the Netherlands. After the acquisition, Tanatex Chemicals will continue to operate under the existing Tanatex brand as an independent entity within the Transfar Group.

The acquisition of Tanatex Chemicals enables both groups to:

  • Provide its global customer base with a broader and enhanced product portfolio
  • Use Tanatex Chemicals’ global footprint to accelerate growth of the combination
  • Benefit from Transfar Chemicals’ no.1 position in the large Asian textiles auxiliaries market
  • Leverage on the strong R&D focus and expertise present at both companies
  • Optimise production between Tanatex Chemicals’ locations in Ede, the Netherlands and Rayong, Thailand, and Transfar Chemicals’ locations in China
  • Become one of the major global leaders in specialised textile auxiliaries

“Transfar Chemical’s strong Asian market position offers a great opportunity to further develop Tanatex Chemical’s position in Asia, a key focus area, especially after opening our state-of-the-art facility in Rayong, Thailand in 2014. Moreover, Transfar will benefit from our market coverage outside of Asia Pacific. We are looking forward to working with our customers, employees and the Transfar team to take the combined company to the next level,” said Marco de Koning, CEO of Tanatex Chemicals.

“Following this strategic move, we believe we will be able to realise synergies in many aspects and further enhance our combined global leading position by providing an even higher and faster service level to our customers,” said John Zhu, senior VP, strategy, Transfar Chemicals.

“Both Transfar Chemicals and Tanatex Chemicals pay high attention to the relationships with our stakeholders. Together we will further enhance our strategic partnerships and develop a win-win platform in the global textile chemicals value chain. We are committed to work together with our stakeholders for a sustainable future,” added Zhou Jia Hai, president of Transfar Chemicals.

© Worldofchemicals News



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