Freudenberg chemical acquires SurTec international

Freudenberg Chemical Specialties, said it has expanded its chemical business operations in India by acquiring SurTec International GmbH, a surface technology company which has its own production facility at Pune.

The acquisition is part of the Freudenberg Business Group's strategy of developing its chemical specialties business.

"The acquisition of SurTec enables Freudenberg to keep its promise and become one of the top family-owned businesses in the world by expanding its operations to new areas and merging various companies under one roof. With SurTec we intend to further develop our chemical specialties' portfolio and to expand the range of surface technology products offered to our customers. This acquisition will lay the foundations for the development of a further business segment in addition to special lubricants and release agents", said Jörg Matthias Großmann, regional representative, Freudenberg Group, India and chief financial officer, Freudenberg Chemical Specialties.

 

SurTec develops, produces and markets chemical products and processes for industrial cleaning, pre-treatments, processing and post-treatment of metal surfaces, plastic galvanising and aluminum anodising.

SurTec products and solutions for surface treatment and galvanising, supplement the existing product portfolio of Freudenberg Chemical Specialties.

With SurTec, Freudenberg intends to expand and strengthen the Freudenberg Chemical Specialties Business Group. As with all other subsidiaries, SurTec will operate as an independent company within the business group.

SurTec has a workforce of approximately 500 employees with presence in 40 countries on all five continents. SurTec's surface treatment and electroplating products and solutions represent a meaningful addition to the present portfolio of the Freudenberg Chemical Specialties Business Group.

"We are pleased that it will be possible to develop our company and make better use of market opportunities with the support of Freudenberg Chemical Specialties. For the long-term development of our business, we also see advantages in being part of Freudenberg which is a family company.”

He further added, “Together, we look forward to providing further value to our customers through the combined global and local expertise offered by the team," Ranjan K Baruah, managing director, SurTec Chemicals India Pvt Ltd said.