Industry News

Kolb to Acquire ESN & Expand Specialties Business in Europe

Published on 2017-12-29. Author : SpecialChem

KLK has announced that its wholly owned subsidiary Kolb Distribution has entered into an agreement with Elementis plc to acquire Elementis Specialties Netherlands (ESN), located in Delden, the Netherlands.

Kolb to Acquire ESN & Expand Specialties Business in Europe

Completion in 2018

Completion of the sale, which is subject to completion of employee consultation processes, receipt of regulatory clearances and other customary closing conditions, is expected in the first half 2018. ESN manufactures surfactants and further specialties and will expand the existing Kolb business portfolio in terms of product range and market coverage.

Boost Business in Europe

The use of the Delden site as another hub for KLK's market penetration strategy will further accelerate growth in the group's downstream chemical specialties business in Europe.

Upon completion of the proposed acquisition, ESN will continue to supply a range of specialty chemicals to Elementis Specialties Inc under a long-term supply agreement.

Source: Kolb Distribution
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