EUROPE
CBPE Capital LLP (CBPE) has acquired Safechem Europe from The Dow Chemical Company. The new ownership structure took effect from 1 January 2017. The value of the transaction has not been disclosed.
Safechem Europe, based in Düsseldorf, Germany, is an experienced provider of services and solutions related to the safe and sustainable use of solvents for drycleaning, metal cleaning and asphalt analytics. This includes the closed-loop Safe-Tainer system for the safe and emission-free supply and take-back of perchloroethylene solvent.
Committed to the principles of Responsible Care and Product Stewardship, Safechem develops innovative business models, products and services to optimise the balance between ecology, economy and social responsibility.
CBPE is an established, leading London-based mid-market private equity investor. It has extensive experience in the chemical sector, having invested in five chemical companies over the last 10 years, acquiring assets from Degussa, BP, Chemtura and Henkel.
Manfred Holzleg, general manager of Safechem, said: “I am very pleased to announce CBPE as the new Safechem owner. Dow founded Safechem, establishing the unique business model, and has been a very supportive owner of the business. With CBPE, I am confident that we have a committed and reliable partner to support our exciting growth plans for the future, such as our geographic expansion and the accelerated launch of new products. The time is right, as our customers have increasing demands for quality, service and flexibility which we are keen to surpass.”
