Dutch wax manufacturer Paramelt has acquired a majority stake in German counterpart Kahl.
Kahl is a leading and innovative manufacturer of natural-based waxes, recognized worldwide for its consistent product quality, strong customer orientation, and technical expertise.
With its production facility and application laboratory in Trittau near Hamburg, the company supplies customers primarily focused on the beauty & personal care industry.
Paramelt, a subsidiary of Hamburg-based TER group, said the acquisition significantly strengthens its position in natural waxes and expands its capabilities in the beauty & personal care, home care and food industries.
“With the acquisition, two family-owned companies with a long-standing relationship are combining their strengths to build a future-ready platform in natural and formulated waxes,” said Paramelt CEO Mikael Dahlström.
“This partnership accelerates innovation, expands global reach and creates long-term value, while maintaining stability, continuity and respect for people and customers.,” he added.
“We look forward to welcoming the Kahl team at Paramelt and are excited to shape our future together”.
Kahl former CEO Ulrich Huntenburg will remain as a shareholder and will take on an advisory board position within Kahl going forward.
“For us at Kahl, this step is more than just a strategic decision, it is a new beginning. With Paramelt by our side, we gain a broader global reach and the opportunity to invest in new technologies that we would not be able to realize at this pace on our own,” said Dr. Matthias Seemann, CEO Kahl.
“I am convinced that together we will reach our next stage of development and have a strong, future-proof company. We are looking forward to this exciting cooperation,” he added.
Paramelt is one of the three divisions of TER group and a global manufacturer of waxes, adhesives and coatings.
With eight manufacturing sites in Europe, USA and China the company builds on more than 125 years of formulation expertise, and is well recognized for consistent quality, reliable supply and long-term partnership.
The terms of the acquisition were not disclosed.
