Peter Greven GmbH & Co. KG concluded the acquisition of the deinking chemicals business of Stephenson Group Ltd. The transaction is effective October 1st, 2014.
Deinking chemicals are used for the removal of ink during the paper recycling process.
For Peter Greven, the paper industry is an important key market for its oleochemical additives. With the takeover of the deinking chemicals business of Stephenson, Peter Greven strengthens its market position in the paper industry and enlarges its product portfolio with the product line SERFAX®. As Peter Greven has been producing a broad product portfolio of soaps and fatty acids for deinking for many years, extensive synergy effects will be achieved.
The management of Stephenson Group ltd. as well as the management of Peter Greven regards this transition as an important step for a successful future of both companies.
Peter Greven GmbH & Co. KG is one of the leading producers of oleochemical additives with sites in Germany, the Netherlands and Malaysia and can look back to a long tradition of more than 90 years. Its core business is metallic soaps, ester lubricants and fatty acids.
Stephenson Group is a world leader in specialty chemical manufacture, mainly for applications in personal care, textiles and rubber. The sale of its SERFAX® business will create more capacity for and focus on these core activities.
