Clearwater International advised on the £6 million (€6.75m) sale of Netherlands-based PFW Aroma Chemicals BV to Keva UK Limited a SPV set up by Kedar Vaze, an Indian entrepreneur.
PFW specialises in aroma chemicals for the flavour and fragrance industry. It has a long and proud history and is a highly recognisable brand within that industry. Its main product is Tonalid®, a musk aroma chemical used in cleaning products and toiletries. The company is a subsidiary of UK listed chemicals group Yule Catto & Co plc, which has operations around the world.
Clearwater International identified a number of potential buyers and arranged a competitive tender process on behalf of Yule Catto.