Clearwater International acted as sole financial adviser to the shareholders of SurTec International GmbH on the sale to Freudenberg Chemical Specialities.
SurTec is a leading producer of high-value chemical products and processes, mainly for industrial cleaning and the pre-treatment, finishing and post-treatment in the electroplating industry. SurTec was established through a Management Buyout from Unilever Group in 1992. Today SurTec Group represents more than 400 employees and subsidiaries in approximately 25 countries, supplying customers worldwide.
Headquartered in Weinheim, Germany, Freudenberg Chemical Specialties produce specialty and high-performance lubricants, release agents for plastics, rubber and metal industries, and maintenance products.
Clearwater International, led by partner Axel Oltmann, advised SurTec