A corresponding agreement was signed on Friday, May 23rd. The transaction has been approved by the anti-trust authorities and is expected to be closed in June.
Kömmerling will acquire from Chemetall its Naftotherm® and Naftolan® product lines which comprise primary and secondary insulating glass sealants as well as casting resins for the glass industry.
Kömmerling will also take over the corresponding production facilities and staff at Langelsheim (near Goslar) where it will continue to manufacture insulating glass sealants and casting resins. As a result, Kömmerling will have two production sites in Germany.
The acquisition of Chemetall's insulating glass sealants and casting resins business is another step in the implementation of Kömmerling's strategy aimed at the expansion of its core competences and strengthening of its position in international markets. Combining both companies' know-how in glass production and processing will achieve far-reaching synergies and enhance the customer-oriented service spectrum of Kömmerling.
With its withdrawal from the major part of its glass business, Chemetall continues the strategic concentration on its core businesses of surface treatment, lithium and fine chemicals, which businesses will be expanded further. Product lines not affected by the transaction are glass processing auxiliaries of Aachener Chemische Werke and easy-to-clean coatings for glass and other surfaces. These product lines will in the future be managed by Chemetall's Surface Treatment Division.