Custom Manufacturing CABB Has Completed Acquisition of KemFine
CABB, a global provider of chemical building blocks, fine and specialty chemicals and custom manufacturing solutions, has completed the acquisition of the Finnish KemFine Group after successful merger clearance.
Sulzbach, Germany – “Especially in the area of custom manufacturing KemFine’s and CABB’s product portfolios are highly complementary", CABB chief executive Dr. Martin Wienkenhöver said. Hence the combination of the two companies would expand the company`s customer base and signals to agrochemical customers a strong commitment to the industry.
As per press release KemFine together with CABB will rank as the third largest agrochemicals custom manufacturer globally. CABB is one of the world’s leading suppliers of chemical building blocks based on chlorine and acetic acid and is the world market leader in monochloroacetic acid (MCAA), an essential component used in a wide range of applications ranging from herbicides, personal care to the food industry. It is also a leading custom manufacturer for global agrochemical, food, pharma and chemical companies. In 2010 CABB employed 750 people and had a turnover of 311 million Euro.
KemFine Group Oy focuses on the custom manufacturing of fine chemicals for the global agro and pharma industry. It is headquartered in Helsinki and operates a production facility in Kokkola, Finland. It has approximately 190 employees and in 2010 had sales of 81 million Euro.