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News> Others

Baerlocher divests non-core wax business in France

Jennifer

2018-11-07

07

Germany manufacturer of additives for the plastics industry, Baerlocher Group has decided to divest Baerlocher France SASU, its French legal entity specialised in producing waxes for the cosmetic and pharmaceutical industries, as well as for a variety of other industries worldwide. As of August 1, 2018, the company was sold to SER Group, a leading European producer of waxes with direct presence and production plants in Italy, France, UK and Spain.

Baerlocher’s subsidiary in France was established in 1987 through the acquisition of Ceresin. Baerlocher France, located in Marseille, is specialised in the production of natural waxes and formulated waxes and lubricants. The company serves a variety of industries with a focus on the cosmetics industry.

“After careful consideration Baerlocher decided to divest Baerlocher France to further increase the focus on our core business. The SER Group is in the position to strategically develop Baerlocher France in the future focusing on the wax industry,” Dr. Tobias Rosenthal, Head of Corporate Development at Baerlocher, said.

Source: Chemical Weekly
Disclaimer: Echemi reserves the right of final explanation and revision for all the information.

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