China-based Zhejiang Transfar Co. Ltd. has signed an agreement to acquire 100-percent of the shares of the Netherlands-based Tanatex Chemicals from TPC Holding BV. Once the acquisition is complete, Tanatex will operate as an independent entity under the existing Tanatex brand within the Transfar Group.
“Together we will be in a better position to support our globally active client base and their growth,” said Marco de Koning, CEO, Tanatex Chemicals. “Transfar Chemical’s strong Asian market position offers a great opportunity to further develop Tanatex Chemical’s position in Asia, a key focus area, especially after opening our state-of-the-art facility in Rayong, Thailand, in 2014. Moreover, Transfar will benefit from our market coverage outside of Asia Pacific.”