Temix Oleo SpA and KLK Emmerich GmbH has entered into an agreement to acquire a controlling stake in Temix Oleo, an oleochemical company offering solutions for lubricant, cosmetic, ceramic, coating, rubber and plastics industries.
The transaction is expected to be completed by April 2023, subject to regulatory approval and customary closing conditions.
Sriganesh Mathur Subramanian, managing director, KLKE, commented: “Temix Oleo['s] outstanding reputation is built on their customer-centric and high-quality service business model. We are excited to welcome the Temix Oleo team and their excellent product portfolio to be part of the group of KLK.”