January 3 2018, David R Brown
Safic-Alcan UK acquires Techform Fine Chemicals
Safic-Alcan UK, a major distributor of specialty chemicals and subsidiary of the Safic-Alcan Group, announces that it has acquired 100% of Techform Fine Chemicals Limited, a chemical distributor specializing in the construction sector in United Kingdom and Ireland.
The acquisition of Techform will enable us to strengthen our footprint in the construction sectorYann Lissillour
Director of Mergers and Acquisitions for Safic-Alcan
“The acquisition of Techform will enable us to strengthen our footprint in the construction sector and widen our Group expertise in this field,&rdquo stated Yann Lissillour, Director of Mergers and Acquisitions for Safic-Alcan.
Techform Fine Chemicals Limited was founded in 2003 and is located in Stafford, UK. The company distributes a wide range of polymers, thickeners, accelerators, retarders, shrinkage compensators, defoamers, air entrainers, plasticizers, binders, as well as a specialty additives under its private label name, focusing mainly on the drymix sector of the construction industry. Mike Strong, Director of Techform Fine Chemicals Limited will be continuing in a consultancy role to support customers and suppliers during a transition period.
&ldquoAs part of our overall C.A.S.E. strategy, we see this acquisition as a stepping stone in the UK market and we look forward to further building on this additional expertise within SaficAlcan,” concluded Philippe Combette, CEO of Safic-Alcan.
Safic-Alcan is a leading, independent distributor of specialty chemicals headquartered in Paris-La Défense, France. The company supplies a wide range of polymers, materials and additives for the rubber, coatings, pharmaceuticals and cosmetics industries. The Group is present in all major countries of the European Union, as well as in Turkey, and China with on-going strategic development in Eastern European countries and the USA and Mexico. The Company employs 517 people worldwide and generated a turnover of EUR 508 million in 2016.
Source(s): Safic-Alcan Press Release