CABB to acquire KemFine Group Oy
CABB has acquired KemFine Group Oy through its Swiss subsidiary AXCABB AG for an undisclosed sum. The transaction is subject to standard competition clearances.
KemFine Group Oy focuses on the custom manufacturing of fine chemicals for the global agro and pharma industry. It is headquartered in Helsinki and operates a production facility in Kokkola, Finland. It has approximately 190 employees and in 2010 had sales of € 81 million.
CABB chief executive Dr. Martin Wienkenhöver said: “CABB will further strengthen its resilient position in many of its markets through this acquisition. Especially in the area of custom manufacturing for the European and global life science and performance chemicals blue chip majors we will be able to provide an even better service to our valued customers. We are very happy to have found with KemFine Group Oy the right partner for the acceleration and further manifestation of our growth strategy.”
KemFine chief executive Ulf Björkqvist said: “KemFine has leading positions in its markets and a well-diversified product portfolio. With the technology tool kit we have developed over many years at our Kokkola site we are a significant addition to the CABB portfolio in its fine chemicals and custom manufacturing portfolio. CABB and KemFine together are ambitious for the future growth of our joint business and look forward to working with our combined customer and supplier base. We consider the acquisition of KemFine through CABB to be a logical next step in KemFine´s pursuit for further expansion in its field of expertise.”
The acquisition of CABB through Bridgepoint was completed in April 2011.
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