KRAHN Chemie acquires stake in Italian specialty chemicals manufacturer and distributor

12-Jan-2024

KRAHN Chemie, part of the globally active Otto Krahn Group, has acquired shares of Italian SPECIALITIES s.r.l., a distributor of specialty chemicals for the homecare, personal care, industrial and institutional cleaning market.

SPECIALITIES s.r.l. is a distributor of specialty chemicals for the homecare, personal care, industrial and institutional cleaning market and distributes all over Europe its own product portfolio. SPECIALITIES is also the exclusive distributor of surfactants for Nouryon in Italy. SPECIALITIES has decades of experience, its own application laboratory for the development of innovative formulation concepts and a production facility for the manufacturing of high-quality raw materials for the cleaning markets.

“SPECIALITIES and KRAHN ideally complement each other, both in terms of product range and distribution rights,” says Dr. Rolf Kuropka, CEO of KRAHN Chemie group. “With this investment, KRAHN is strengthening its commitment in a promising growth market and further expanding its existing activities. With KRAHN Italia, we have established trusted access to the market and together with SPECIALITIES, we can provide our customers even more comprehensive support and strategically develop both companies.”

“We are honored to be part of the KRAHN Chemie group. The partnership with KRAHN will offer SPECIALITIES a great opportunity of networking and synergies, and the possibility to expand the market in Italy and beyond”, says Fabrizio Belli, CEO and previous sole owner of SPECIALITIES. Enrico Bozzi, Managing Director of KRAHN Italia, and Fabrizio Belli have known and appreciated each other for many years and have built a very good basis of mutual trust. This new partnership is an excellent opportunity to increase and consolidate the collaboration and the synergy between the two companies.

https://www.chemeurope.com/en/news/1182448/krahn-chemie-acquires-stake-in-italian-specialty-chemicals-manufacturer-and-distributor.html