On November 17th, 2015 the CHT Group headquartered in Tübingen, Germany acquired 100% of the shares of Quimipel Industria Quimica LTDA.
With a turnover of approx. € 5 Mio. and more than 50 employees, Quimipel located in Piracaia city close to Sao Paulo, develops, manufactures and sells chemical specialities to the paper industry.
The CHT Group is a global acting supplier of speciality chemicals with a turnover of more than € 400 Mio. and around 1,800 employees worldwide. The CHT Group has been present in the Brazilian market as manufacturer of speciality chemicals, mainly for the textile industry since 1976.
The CHT Group offers a broad range of speciality chemicals within its business unit paper today. So far the pulp manufacturing process mainly in Europe, South Africa and Australia has been the focus of CHT Group. The acquisition of Quimipel represents a strategic development and regional expansion. „Quimipel is not only seen as a benefit to our business because of their product range “, says Dr. R. Brückmann, Head of the Business Field General Industries, “but also for the application know-how that completes our outstanding innovation power in paper coating and for the special papers.”
„The acquisition of Quimipel offers us a significant increase in our existing paper business and is opening up South America as a new market to us“, summarizes Jan Siebert, CFO of the CHT Group. „Additionally we do see Quimipel products and know-how as a complement to our worldwide product range.”
RB Beitlich Industriebeteiligungen GmbHManagement
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