SurTec, the manufacturer of specialty chemicals and surface treatment solutions, announces the acquisition of TF Chemical srl, an Italian chemical supplier. This strategic move is expected to strengthen SurTec's position in the Italian market and further enhance its ability to provide innovative solutions to customers worldwide. TF Chemical is known for the development of high quality process chemicals, which are mainly used in the sanitary industry for surface treatment. The acquisition of TF Chemical will give SurTec access to a broader portfolio of advanced formulations, proprietary technologies and highly skilled employees. This acquisition fits SurTec's growth strategy, which focuses on expanding its product offering and geographic footprint. The acquisition of TF Chemical marks an exciting chapter in SurTec's development as it further expands and diversifies the decorative electroplating business. This strategic investment expands SurTec's customer base and strengthens the global company's ability to meet the exacting demands within the plumbing and other industries with innovative products and technologies. Within the first quarter of 2024, TF Chemical will be fully integrated into the Italian company of the SurTec Group, retroactive to 31 December 2022. TF Chemical's customers will experience a seamless transition and can continue to rely on the same excellent service and support. Dr Karsten Grünke, CEO of SurTec, expressed his confidence in the acquisition and said: "The acquisition of TF Chemical represents an important milestone in SurTec's growth strategy. We are excited about the opportunities this acquisition presents, including increased market share in Italy and enhanced value for the customer. We believe that by leveraging the synergies between our two companies, we can drive sustainable growth." Upon completion of the acquisition, SurTec and TF Chemical will work together to integrate their operations and leverage their respective strengths to accelerate innovation, enhance customer satisfaction and promote long-term success.
Autor(en): mak
