Ecronova Polymer was owned by the company’s managing directors, Peter Montag and Anton Solich, and funds managed by Aheim Capital , a private equity investment firm. Montag and Solich will continue in their roles as managing directors and will be joined by ean-Marc Verhaeghe, currently Michelman’s managing director, EMEA.
Verhaeghe will assume overall operational responsibilities. Ecronova Polymer’s customers will see no interruption in their service and will continue to work with their current Ecronova contacts.
With the acquisition, Michelman gains a physical presence in Germany and increases its European footprint. The company now has product development and manufacturing facilities in the Belgium/Luxembourg region, Germany, the U.S. and Singapore, plus a new technical service center in Shanghai serving the China and greater Asia-Pacific market.