Croda has announced the acquisition of Rewitec. The German friction and wear reduction specialist’s team will form part of the UK specialty chemicals firm’s Performance Technologies business.
“We are delighted to bring the products and expertise of Rewitec into the business. With their speciality ingredients offering high performance and sustainable benefits in use, they are a natural fit,” said Maarten Heybroek, President of Croda Performance Technologies.
“Together, we are extending our leadership in friction and wear management,” he continued. “We see many new opportunities for their technologies within existing and new markets, such as marine lubrication where the performance of their ingredients has already been proven.”
Stefan Bill, Chief Executive Officer of Rewitec, said: “We are all looking forward to joining the Croda family, where their well-established sales network can support our growth ambitions. Their focus on sustainability and entrepreneurial spirit perfectly aligns with our business.”