Freudenberg companySurTec International GmbH, Bensheim, Germany, has acquired omniTECHNIK Mikroverkapselungs GmbH, Munich, Germany. The transaction also includes the acquisition of all the shares in the joint venture Precote USA L.L.C., Romeo, MI, USA, by SurTec subsidiary SurTec Inc., Brunswick, Ohio, USA. SurTec is a division of Freudenberg Business Group Chemical Specialities. The purchase agreement creates the necessary foundation for the two companies to be integrated in the SurTec Group in the future.
“Since its founding over 40 years ago, omniTECHNIK Mikroverkapselungs GmbH, an innovative family-owned company, has developed into a market leader in the field of reactive and non-reactive coatings for fasteners. Our success on the world market is based on extensive knowhow and expertise, first-class application technology consulting and outstanding products. Close cooperation with sales and consultancy partners over many years and our outstanding precote® product range is a further key to the success of omniTECHNIK,” said Heinrich Kuhn-Weiss, proprietor of omniTECHNIK GmbH.
The acquisition of omniTECHNIK and Precote will create a foundation for the continued strategic development of the two companies. “The business strategy of Freudenberg Chemical Specialities is based on continuous expansion of our business portfolio. This includes a proactive approach to acquisitions. Our focus is on attractive, highly promising services, technologies, and products with an outstanding market position,” said Filip Krulis, CEO of Freudenberg Chemical Specialities.
The business strategy of Freudenberg Chemical Specialities is based on continuous expansion of our business portfolio. This includes a proactive approach to acquisitions. Our focus is on attractive, highly promising services, technologies, and products with an outstanding market position
Filip Krulis, CEO of Freudenberg Chemical Specialities
“Our acquisitions focus on companies that help strengthen our market position in highly specialized segments. Through the acquisition of omniTECHNIK, we will be able to significantly expand and continue the strategic development of our existing business in chemical surface technology,” added Dr. Jörg Matthias Großmann, CFO of Freudenberg Chemical Specialities.
“Our goal was always to be among the top suppliers of thread locking products and we have succeeded in achieving this position over the past 40 years or more. As part of SurTec, it will be easier for us to leverage the market potential more effectively for innovative coating technologies. As the representative of the family proprietors, it was important for me to find a partner that sees itself as a strategic investor with long-term orientation,” says Heinrich Kuhn-Weiss.
As the representative of the family proprietors, it was important for me to find a partner that sees itself as a strategic investor with long-term orientation
Heinrich Kuhn-Weiss, proprietor of omniTECHNIK GmbH
“The company is in good hands with Freudenberg Chemical Specialities and SurTec,” explained Dr. Karsten Grünke, CEO of SurTec International. “Freudenberg Chemical Specialities has already acquired one company from the Kuhn-Weiss family, OKS Spezialschmierstoffe GmbH, and successfully expanded it. We expect that we will be just as successful with omniTECHNIK,” confirmed Grünke.
As a result of the acquisition, the annual sales of Freudenberg Chemical Specialities are set to rise by roughly €20 million.