Cosmetics & Personal Care
Kolb completes acquisition of Elementis Specialties 8th March 2018
On 28 February 2018, Kolb Distribution AG, wholly owned subsidiary of Kuala Lumpur Kepong Berhad (KLK), acquired Elementis Specialties Netherlands (ESN), located in Delden, the Netherlands. As of this day, Elementis Specialties Netherlands is wholly owned by Kolb and renamed to KLK Kolb Specialties. The intention to acquire this site from Elementis plc was announced in December 2017. Employee consultation processes, receipt of regulatory clearances and other customary closing conditions, are executed successfully.
KLK Kolb Specialties manufactures surfactants and further specialties and will expand the existing Kolb business portfolio in terms of product range and market coverage. The use of the Delden site as another hub for KLK’s market penetration strategy will further accelerate growth inthe group’s downstream chemical specialties b usiness in Europe. Both Kolb and KLK Kolb Specialties are looking forward to the cooperation with each other, striving for positive synergies for the KLK Group’s Oleochemical operation in Europe.