International Chemical Investors Group, Frankfurt/Main and RÜTGERS Organics, Mannheim, have signed a definitive agreement to acquire the European business of the U.S. wood preservative manufacturer VIANCE.
The transaction includes the production site of CSI Wood Protection Ltd. in Barrow-in-Furness, Cumbria (UK) and the sales and distribution activities of Viance Ltd. in Europe. Closing of the transaction is expected by the end of July.
RÜTGERS Organics continues its growth strategy and focuses on expanding its international presence. With this acquisition, International Chemical Investors Group strengthens the market positions of RÜTGERS Organics in UK, Scandinavia and larger parts of Western- and Eastern Europe. The range of products fits excellently into the existing portfolio of RÜTGERS Organics.
“The production site and the employees offer us a outstanding opportunity to further speed up our expansion”, says Steffen Rüdiger, Managing Director of RÜTGERS Organics. “I very much look forward to further internationalize our business together with our new employees. The positive development of our Polish subsidiary founded last year shows us that we are on the right track“.
RÜTGERS Organics GmbH (ROG) is a traditional, medium-sized, international company located in Mannheim, Germany playing a leading role in the chemical wood treatment business. RÜTGERS Organics concentrates exclusively on its core competences and has decades of experience in the development and manufacture of innovative products for the impregnation of wood and finishing wood surfaces. RÜTGERS Organics provide services tailored to customer requirements, products and services meet the highest quality requirements and environmental standards. For more info about RÜTGERS Organics: www.impra.deor www.ruetgers-organics.de.
International Chemical Investors Group (ICIG) is a privately owned industrial holding company focusing on mid-sized chemicals and pharmaceutical businesses. Since inception in 2004, ICIG has acquired 19 businesses, all of which have origins in major global chemical or pharmaceutical corporations and are independently managed. ICIG companies currently employ more than 3,500 people and operate 19 manufacturing facilities in Europe and the United States with total sales of approximately €800 million. For more info about International Chemical Investors Group: www.ic-investors.com.
Contact:
International Chemical Investors Group
Sibel Cumcu
Phone: +49 69 506 999 0
Email: Info@ic-investors.com
GERMANY