Official closing of Kolb’s acquisition

Kolb Distribution AG, wholly owned subsidiary of Kuala Lumpur Kepong Berhad (KLK), acquired Elementis Specialties Netherlands (ESN), located in Delden, the Netherlands.  As of this day, Elementis Specialties Netherlands is wholly owned by Kolb and renamed to KLK Kolb Specialties B.V.. The intention to acquire this site from Elementis plc was announced in December 2017. Employee consultation processes, receipt of regulatory clearances and other customary closing conditions, are executed successfully.

KLK Kolb Specialties B.V. manufactures surfactants and further specialties and will expand the existing Kolb business portfolio in terms of product range and market coverage. The use of the Delden site as another hub for KLK’s market penetration strategy will further accelerate growth in the group’s downstream chemical specialties business in Europe. Both Kolb and KLK Kolb Specialties are looking forward to the cooperation with each other, striving for positive synergies for the KLK Group’s Oleochemical operation in Europe.

Key handover during the closing Ceremony (28 February in Delden).
On the podium: Tan Srii Lee Oi Hian, CEO KLK & Paul Watermann, CEO Elementis.
On the left: Uwe Halder, Managing Director Kolb Distribution Ltd & KLK Tensachem S.A.