M2Capital AG and its co-shareholders have sold all shares in Chemitas GmbH. The buyer is the Vietnamese Masan Group, which already owns the Tungsten processor H.C.Stark-Tungsten at the Lange Wanne site near Goslar. The parties have agreed not to disclose the purchase price. M2Capital has thus successfully completed this investment after around 4 years.
Chemitas CEO Jochen Weber comments: "Chemitas is delighted to be returning to its roots. We have already been closely involved with the owner of the site, which is also the largest production company, in recent years." Together, the two companies could make the Oker Metallurgy Park fit for the future and develop it further in the long term.
Chemitas GmbH, based in Goslar, was founded as an independent company in 2013. The company emerged from a specialized department of H.C. Starck GmbH, a leading global supplier of high-performance powders and components made from technology metals. With its team of around 130 employees, Chemitas has built up extensive expertise in chemical-related services over decades.
With the acquisition of the major assets of the US manufacturer Cheney Pulp and Paper, the Group has secured the leading player for the processing of rag pulp and other plant based fibres on the international market.
Cheney has been active in the processing of natural fibres to pulp for over 75 years. The site in the US state of Ohio will also assume a pivotal role in the supply of raw materials for the portfolio companies of the DYNOS Group. Cheney's unique experience in rag manufacturing, their high efficiency and cost leadership as well as their excellent customer contacts will strengthen the DYNOS Group in the long term. Hence, DYNOS secures, in particular, the added value of its successful products from its own resources.
For a world with less plastic and more natural materials
Natural fibre pulp and sustainable paper solutions are increasingly in demand. In the course of the transformation towards sustainable processes and products, industry is intensively searching for alternative materials. Pulp,Vulcanized Fibre and other specialty papers, obtained from recycled materials, are playing an increasing role in this process; and this for very different applications: from abrasives to recycled yarns for the clothing industry to special solutions made from paper and vulcanized fibre. In laboratories around the world, further applications for pulp and paper are being sought as replacements for previous plastic solutions.