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Combining strengths
Addtech acquires Mediplast AB
Life Science, a business area in the Addtech Group, has signed an agreement to acquire all shares in Mediplast AB.
Mediplast AB is the parent company of the Mediplast Group and is a leading Nordic supplier of medical technology equipment and consumables. The company has its head offices in Malmö and its own trading companies in Sweden, Denmark, Finland, Norway and the Netherlands. Mediplast also has its own production facilities in Denmark, Finland and Italy. The company markets both its own products as well as those of leading suppliers in the areas of surgery, intensive care, thorax/neuro, ENT and ostomy care.
The acquisition of Mediplast marks an important entry into the field of medical technology for the Life Science business area, and it will form the basis of the newly established Medical Technology business unit.
“The motive for a separate listing is that Life Science has achieved a size and level of profitability that makes the business attractive as an independent, listed company. As a listed company, Life Science will be able to continue to grow via new operations and acquisitions,” says Johan Sjö, Addtech’s president and CEO. Visit: www.addtech.com
CERATIZIT Group acquires Klenk
CERATIZIT SA has acquired the German manufacturer of solid carbide cutting tools Klenk GmbH & Co. KG. The group is thereby augmenting its product portfolio with customised solutions for solid carbide round tools. The purchase is part of the worldwide acquisition strategy and reinforces the positioning of the CERATIZIT Group as a premium provider of all kinds of cutting tools. The acquisition of Klenk further advances CERATIZIT’s growth in the aerospace, automotive and medical technology industries.
With the addition of Klenk, the CERATIZIT Group further strengthens its position in the solid carbide tools market: “It is our aim to be perceived as a global premium player for all cutting tools,” explains Thierry Wolter, member of the executive board of the CERATIZIT Group. “With this acquisition we are expanding the product portfolio.” At the same time Klenk will profit from the global sales network of the CERATIZIT Group and its strong presence on the world market.
The acquisition provides a spurt in the growth of the CERATIZIT Group in important target sectors as KLENK mainly produces solutions for the aerospace, automotive and the medical technology industries. Visit: www.ceratizit.com
Chemetall purchases aluminium finishing business of Chemal
Chemetall, a global business unit of Albemarle, has acquired the business of Chemal GmbH & Co. KG, based in Hamm, Germany. This transaction will enhance the integrated portfolio for the Aluminum Finishing industry.
Founded in 1975, Chemal GmbH & Co. KG specialises in research and development of surface finishing chemicals for aluminum and its alloys with emphasis on anodizing and pretreatment technologies. With an extensive history of success, Chemal has become a reference point for the surface finishing of aluminum.
“Consisting of advanced pretreatment and anodising technologies, Chemetall is one of the few players globally positioned with a comprehensive product range for the Aluminium Finishing industry,” says Joris Merckx, president Chemetall. “This transaction will expand our expertise in this market and, combined with strong technical services offered by our wholly-owned subsidiaries around the world, will enable us to further expand our presence in a key market.”
Chemetall has achieved a growing reputation in the aluminium finishing industry. With chromefree pretreatment technologies, such as the zirconium-titanium Gardobond® X and the silane-based, multi-metal Oxsilan® technology, the company has taken a leading role in launching innovative and high quality processes to the market. Visit: www.chemetall.com
ASSA ABLOY acquires L-Door in Belgium
ASSA ABLOY has signed an agreement to acquire the Belgian company L-Door, one of the market leaders in sectional doors.
“I am very pleased that L-Door is joining the ASSA ABLOY Group. I welcome this addition that further reinforces the ASSA ABLOY Group’s leadership in entrance automation, growing from SEK 3 billion in 2008 to more than SEK 15 billion proforma in 2014,” says Johan Molin, president and CEO of ASSA ABLOY.
“L-Door is another important step to increase our strong market position in the sectional door industry. Besides a strong brand and innovative products L-door has a strong service organization offering an excellent market coverage in Belgium. I welcome the entire L-door team,” says Juan Vargues, executive vice-president of ASSA ABLOY and head of Division Entrance Systems.
L-Door was established in 1997 and has some 120 employees. The head office and factory is located in Liedekerke, Belgium. Visit: www.assaabloy.com
LINKINGUP
Coats Group acquires GSD Corporate Ltd
Coats Group plc, the world’s leading industrial thread and consumer textile crafts business, and GSD are pleased to announce that, following the strategic alliance announced in May 2014, Coats has acquired 100% of GSD Corporate Ltd, which becomes a Coats Group company.
GSD, a UK based company, supplies expert management solutions that analyse time, cost and production capability in the sewn products sector with the focus on maximising productivity and controlling costs. GSD will become part of Coats Global Services, which was launched in 2013 in response to customer demands to help them realise productivity and supply chain improvements, develop technical skills and enhance corporate responsibility.
Paul Forman, chief executive, Coats Group plc, said: “We are delighted that GSD will be joining Coats Group. GSD is a world leader in its field, with a comprehensive offering that meets both cost efficiency and social compliance needs at a time when we are seeing growth in demand in these areas. Coats is also a recognised industry leader, with longstanding expertise and deep industry relationships.” Visit: www.coats.com
DCC Energy to take over Shell Butagaz LPG business
Shell has received a binding offer of €464 million ($529 million) from DCC Energy for its Butagaz Liquefied Petroleum Gas (LPG) business in France.
In reply to this offer, DCC Energy has been granted exclusivity while Shell consults with the staff councils of both Butagaz and Shell France. The transaction is expected to complete in 2015.
All other Shell Businesses in France – Aviation, Commercial Fleet, Lubricants, Retail and Specialties – will continue to operate as before.
The transaction is consistent with Shell’s strategy to concentrate its Downstream footprint on a smaller number of assets and markets where it can be most competitive, and is part of an on-going exit from the LPG business globally. Visit: www.shell.com
TenCate agrees to sell Xennia Technology Ltd
TenCate has signed the agreements with Sensient Technologies Corporation (Milwaukee, Wisconsin, USA) to acquire the assets of Xennia Technology Ltd (Letchworth, UK). Xennia Technology is predominantly an ink supplier for industrial digital inkjet processes for various industries. In recent years Xennia Technology successfully developed inks for various niche applications, mainly for the ceramic industry and the (technical) textile industry.
As an enabling partner, Xennia Technology has been part of the technological innovation of TenCate in connection with digital printing and finishing. The current stage of this development has enabled TenCate to review its ownership position. As from 2014 TenCate successfully launched its first commercial products on the basis of digital inkjet technology in the market segment of outdoor fabrics.
Sensient Technologies Corporation is a leading global manufacturer and marketer of colours, flavours and fragrances. The activities of Xennia Technology will become part of the Sensient Colors Group. Visit: www.xennia.com
Magellan Aerospace Corporation has announced that it has acquired Euravia Engineering & Supply Co. Limited.
Magellan’s president and CEO Phillip Underwood commented, “The acquisition of Euravia complements Magellan’s existing repair and overhaul capability in North America. Euravia has an excellent reputation for providing high quality MRO capabilities, supporting a global customer base, and delivering exceptional customer service.”
Dennis G. Mendoros, OBE, Euravia’s chief executive stated, “The acquisition by Magellan leads Euravia to the next development level, opening potential new business opportunities in North America and enabling us to offer enhanced customer support and dedicated aftersales service. In addition, Magellan’s global reach augments Euravia’s existing partnerships in the Middle East, Asia-Pacific and across Europe.”
Magellan Aerospace Corporation is one of the world’s most integrated aerospace industry suppliers. Visit: www.euravia.aero
