CWS Lackfabrik GmbH is a family owned company with around 250 employees. CWS has a powder coatings production site in Düren, Germany, and New York, United States, a solid resins production site in Düren, Germany, and a liquid resins production site in Düren and Hamburg, Germany.
The company says this acquisition will reinforce its position in the inorganic pigment industry. Venator’s iron oxide pigment has achieved steady growth and maintained profitability amid the pandemic and market fluctuations, demonstrating strong competitiveness and resilience.
“We are delighted to have completed this acquisition. The acquisition is part of our stepping-out strategy, creating a new platform for our growth in the specialty chemicals industry," said PCG managing director and chief executive officer, Ir. Mohd Yusri Mohamed Yusof.
The acquisition offers benefits such as the addition of in-house market development function to identify, research, and qualify market opportunities for new and existing product lines, digital marketing capabilities to drive targeted customer development efforts and lead qualification, and more.
Chicago-headquartered specialty chemical company Hallstar announced this past July its intention to buy the manufacturing facility in Greensboro, North Carolina from another specialty chemicals company.
Accessa is a provider of high-quality coating, chemical, and equipment solutions, and the acquisition is consistent with its continued growth, this time farther into the eastern United States.
DKSH believes in the industrial specialty chemicals sector as a key growth market and plans to continue investing in this industry to provide even better service and growth across all regions.
