By acquiring Catexel Technologies Ltd. and Catexel Cellulosics Ltd. from Unilever Ventures, WeylChem Group broadens its portfolio of performance chemicals, providing access to additional markets in industrial & institutional cleaning, textile bleaching, pulp bleaching and process technologies. This transaction strengthens its leading position as supplier and manufacturer of oxidation catalysts and bleach activators.
The transaction comprises the intellectual property of Catexel for a variety of applications and increases the innovation capabilities of the combined businesses through its dedicated highly experienced R&D team.
“Integrated into the WeylChem network, the combination of WeylChem’s and Catexel’s capabilities creates a leading global expert in the field of oxidation catalysis“, says Dr. Andreas Maier, Managing Director of WeylChem Performance Products and Head of Business Unit Consumer Care. “This acquisition expands WeylChem’s activities in the performance chemicals industry and demonstrates ICIG’s strategy to enhance its platforms by supporting add-on acquisitions”, says Dr. Achim Riemann, Managing Director of ICIG.
“We are delighted to have concluded the sale of our Cleaning, Cellulosics and process catalysts business to our long-term industry partner, the Weylchem Group. This transaction offers an excellent platform for continued growth, and a great opportunity for our dedicated and talented team of employees”, say Catexel Group Directors, Paul Smith and Glenn Fletcher.