SAFIC-ALCAN
Purchase of German distributor European Additives
 Deal closed: Jürgen Wittler (2nd from left), founder of European Additives, with Matthias Pfaffernoschke (left), Domenico Lo Curto (2nd from right) and Yann Lissillour from Safic-Alcan (Photo: Safic-Alcan) |
French speciality chemicals distributor Safic-Alcan (Paris; www.safic-alcan.com) has acquired 100% of the shares in European Additives (Cologne, Germany; www.european-additives.de). Financial details of the deal were not disclosed.
The Cologne-based company, which primarily distributes flame retardants, stabilisers, antioxidants, UV absorbers, nucleating agents, and other additives for the European plastics industry will from now on be part of Safic-Alcan’s German business.
The acquisition not only strengthens the French firm’s activities in Germany, but also creates growth opportunities in other regions through European Additives’ distribution network, said Yann Lissillour, CEO of the Safic-Alcan Group.
The Cologne-based company, which primarily distributes flame retardants, stabilisers, antioxidants, UV absorbers, nucleating agents, and other additives for the European plastics industry will from now on be part of Safic-Alcan’s German business.
The acquisition not only strengthens the French firm’s activities in Germany, but also creates growth opportunities in other regions through European Additives’ distribution network, said Yann Lissillour, CEO of the Safic-Alcan Group.
02.06.2022 Plasteurope.com [250401-0]
Published on 02.06.2022
German version of this article...