SurTec, a leading global manufacturer of specialty chemicals and surface treatment solutions, is pleased to announce the acquisition of TF Chemical srl, a renowned chemical supplier known for its cutting-edge product quality and tailor-made 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 solid reputation for developing high-quality process chemicals mainly used for surface treatment in the sanitary industry. By acquiring TF Chemical, SurTec gains access to a broader portfolio of advanced formulations, proprietary technologies, and a highly skilled workforce. This acquisition aligns perfectly with SurTec's growth strategy, which focuses on expanding its product offerings and geographical presence.
"We are thrilled to announce the acquisition of TF Chemical," said Dr. Fulvio Lamberti, CFO of SurTec. "Their expertise and product line perfectly complement our existing capabilities and will enable us to provide 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."
CEO of TF Chemical, Francesco Tariello, also expressed his satisfaction by saying: ”After successfully developing the TF Chemical business, I realized that we had reached our limits. I'm very motivated to help SurTec bringing TF Chemical business to the next level.”
The acquisition of TF Chemical marks an exciting chapter in SurTec's journey as it continues to grow and diversify its Decorative Electroplating business. This strategic investment expands SurTec's customer base and strengthens its ability to address evolving market needs mainly within the sanitary industry with innovative products and technologies.
Within the first quarter of 2024, TF Chemical will be legally merged into SurTec Italia with a retroactive effect to December 31, 2022. The transition will be seamless for customers, who can continue to expect the same exceptional service and support they have come to rely on.
CEO of SurTec, Dr. Karsten Grünke, expressed his confidence in the acquisition, saying, "The acquisition of TF Chemical represents a significant 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 drive sustainable growth."
With the acquisition finalized, SurTec and TF Chemical will work collaboratively to integrate their operations, leveraging their respective strengths to accelerate innovation, enhance customer satisfaction, and drive long-term success.