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January 10 2024, David R Brown

KRAHN Chemie acquires stake in Italian specialty chemicals manufacturer and distributor

KRAHN Chemie, part of the globally active Otto Krahn Group, have acquired shares in SPECIALITIES s.r.l., an Italian distributor and manufacturer of specialty chemicals for the homecare, personal care, industrial and institutional cleaning market. The company distributes their own product portfolio all over Europe and are also the exclusive distributor of surfactants for Nouryon in Italy.

With this investment, KRAHN is strengthening its commitment in a promising growth market and further expanding its existing activities

Dr. Rolf Kuropka
CEO of KRAHN Chemie Group

“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.”

SPECIALITIES brings decades of experience to Krahn Italia, its own application laboratory for the development of formulations and a production facility for the manufacturing of high-quality raw materials for industrial and institutional cleaning markets. Research and application expertise offered to customers supports the development of innovative formulation concepts in several fields including automatic dishwashing, laundry, hard surface, disinfection, metal cleaning, probiotics and odor control.

“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.

About KRAHN Chemie
KRAHN Chemie GmbH is a chemical distribution company with a history spanning over 100 years. Its core competences are sales, marketing and distribution of specialty chemicals to the following processing industries: coatings, construction, adhesives and sealants, plastics, rubber, lubricants and fuels, industrial cleaning and home care, personal care, chemical intermediates as well as all industrial sectors in which heating and cooling circuits are used. KRAHN offers its more than 5,000 customers an extensive and high-quality product range, technical services as well as in-house laboratory support, and works closely together with international chemical manufacturers. They benefit from its target-oriented product marketing - utilizing deep knowledge of local markets.

In 2022, KRAHN Chemie Group achieved a turnover of about EUR 340 million and currently employs 260 people. The Group's headquarters is located in Hamburg, Germany and it has subsidiaries and local sales teams in the Benelux, France, Italy, Poland, Greece, Sweden, United Kingdom, Spain, Austria, Romania, the Czech Republic, Hungary and China. The company group is part of the family-owned and globally active Otto Krahn Group.

Source(s): KRAHN Chemie Press Release

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