Stek advises Elementis PLC (LON:ELM) in the sale of Elementis Specialties Netherlands BV to Swiss chemicals company Kolb Distribution, belonging to the Malaysian KLK group.
Completion of the sale, which is subject to completion of employee consultation processes, is expected in the first half 2018.
Elementis Specialties Netherlands (ESN) manufactures surfactants and other specialties and will expand Kolb’s business portfolio in terms of product range and market coverage. The use of the Delden site as another hub for market penetration will further accelerate growth in the KLK Group’s chemical specialties business in Europe. Upon completion of the acquisition, ESN will continue to supply a range of specialty chemicals to Elementis Specialties Inc under a long-term supply agreement.
Stek advises Elementis PLC on the deal with a team led by Jasper Stek (picture), alongside Michaël Rijnja, Ruben Elkerbout and Mattijs Baneke.
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