Cremer, the Hamburg-based company, is to take over the Witten manufacturing facilities from their previous owner, Sasol Germany, after approval from the German Competition Authorities.
Cremer has been actively involved in the production and sale of oleochemical products for many years. For the company, the new contemplated acquisition is an ideal addition to the company’s existing product portfolio in the pharmaceutical, cosmetics and food segments and the technical applications sector. The customer-relevant increase in competencies through the addition of more than 250 specialised products leads to a sustainable consolidation of the company’s position in a growing market.
The workforce of around 100 employees at the Witten facilities will be taken over by Cremer. Managing partner, Stefan Cremer, sees this step forward as a "...meaningful and logical continuation of our international market presence in the oleochemical speciality-product segment".
The completion of the transaction is subject to the approval of the German Competition Authorities. Both parties have agreed not to disclose the terms of the contract.
