SurTec Acquires TF Chemical srl

  SurTec, a leading manufacturer of specialty chemicals and surface treatment solutions, announced the acquisition of TF Chemical srl, a renowned chemical supplier known for superior product quality and customized service. This strategic move will strengthen SurTec's position in the Italian market and further enhance its ability to deliver innovative solutions to customers worldwide.       TF Chemical has built a strong reputation for developing high-quality process chemicals for surface treatment, particularly in the sanitary ware industry. By acquiring TF Chemical, SurTec gains access to a broader advanced formulation portfolio, proprietary technologies, and a highly skilled workforce. This acquisition aligns perfectly with SurTec's growth strategy focused on expanding its product offerings and geographic presence.   Dr. Fulvio Lamberti, Chief Financial Officer of SurTec, said, "We are excited to announce the acquisition of TF Chemical. Their expertise and product range complement our existing capabilities perfectly and will enable us to offer an even broader range of solutions to our customers. This strategic move strengthens our market position and supports our commitment to delivering high-performance chemical solutions for surface treatment applications."   Francesco Tariello, Chief Executive Officer of TF Chemical, expressed his satisfaction with the words: "After successfully developing the TF Chemical business, I realized we had reached our limits. I was highly motivated to help SurTec take the TF Chemical business to the next level."   The acquisition of TF Chemical marks an exciting chapter in SurTec's journey of continuing to grow and diversify its Decorative Electroplating business. This strategic investment expands SurTec's customer base and strengthens its ability to meet evolving market needs, particularly in the sanitary ware industry, with innovative products and technologies.   TF Chemical will legally merge with SurTec Italia in the first quarter of 2024 with retroactive effect to 31 December 2022. This transition will be completed seamlessly for customers, who can expect to continue receiving the same outstanding service and support they have come to rely on.   Dr. Karsten Grünke, Chief Executive Officer of SurTec, expressed his confidence in this acquisition, stating: "The acquisition of TF Chemical represents an important milestone in SurTec's growth strategy. We are excited about the opportunities this acquisition presents, including increased market share in Italy and enhanced customer value. We believe that by leveraging the synergies between our two companies, we can achieve sustainable growth."   With the completion of the acquisition, SurTec and TF Chemical will work in collaboration to integrate their operations, drawing on their respective strengths to accelerate innovation, enhance customer satisfaction, and achieve long-term success.   Source