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SurTec expands and strengthens its place in the Italian market.
July 30, 2023
By: Rachel Klemovitch
SurTech, a global manufacturer of specialty chemicals and surface treatment solutions, recently announced the acquisition of TF Chemical srl, an Italian chemical supplier. “We are thrilled to announce the acquisition of TF Chemical. Their expertise and product line perfectly complement out existing capabilities and will enable us to provide an even broader range of solutions to our customers,” said SurTech CFO Fulvio Lamberti. “This strategic move strengthens our market position and supports our commitment to delivering high-performance chemical solutions for surface treatment applications.” TF Chemical develops high-quality process chemicals for surface treatments in the sanitary industry. Through this acquisition, SurTech receives a broader portfolio of proprietary technologies and advanced formulations. This also grows and diversifies SurTech’s Decorative Electroplating business. “The acquisition of TF Chemical represents a significant milestone in SurTech’s growth strategy,” said SurTech CEO Karsten Grünke. “We are excited about the opportunities this acquisition represents, including increased market share in Italy and enhanced customer value. We believe that by leveraging the synergies between our two companies we can drive sustainable growth.” TF Chemical will be legally merged into SurTech Italy within the first quarter of 2024 with retroactive effect to December 31, 2022. The transaction will be seamless for customers and the two companies will work together to integrate their operations, enhance customer satisfaction, leverage their respective strengths, and drive long-term success.
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