After the acquisition, Tanatex Chemicals will continue to operate under the existing Tanatex brand as an independent entity within the Transfar Group, the parent company of Zhejiang Transfar.

Benefits

The acquisition of Tanatex Chemicals, a leading producer of innovative textile processing solutions, is expected to enable both groups to provide its global customer base with a broader and enhanced product portfolio and leverage on the strong R&D focus and expertise present at both companies.

The synergy will also benefit from Transfar Chemicals’ leading position in the large Asian textiles auxiliaries market and will help both groups to optimise production between Tanatex Chemicals’ locations in Ede, the Netherlands, and Rayong, Thailand, and Transfar Chemicals’ locations in China.

Strong market position

“We are excited to join forces with Transfar Chemicals. Together we will be in a better position to support our globally active client base and their growth,” said Mr Marco de Koning, CEO, Tanatex Chemicals.

“Transfar Chemical’s strong Asian market position offers a great opportunity to further develop Tanatex Chemical’s position in Asia, a key focus area, especially after opening our state-of-the-art facility in Rayong, Thailand in 2014.”

“Moreover, Transfar will benefit from our market coverage outside of Asia Pacific. We are looking forward to working with our customers, employees and the Transfar team to take the combined company to the next level.”

Growth strategy

“With Tanatex Chemicals becoming a part of the Transfar Chemicals, we will take a major step in the execution of our strategy to grow our textile chemicals business globally. Following this strategic move, we believe we will be able to realise synergies in many aspects and further enhance our combined global leading position by providing an even higher and faster service level to our customers,” commented Mr. John Zhu, Senior Vice President, strategy, Transfar Chemicals.

President of Transfar Chemicals, Mr Zhou Jia Hai agreed. He said: “Both Transfar Chemicals and Tanatex Chemicals pay high attention to the relationships with our stakeholders. Together we will further enhance our strategic partnerships and develop a win-win platform in the global textile chemicals value chain. We are committed to work together with our stakeholders for a sustainable future.”

Tanatex Chemicals

Tanatex Chemicals develops innovative textile processing solutions, ranging from pre-treatment to finishing. The state of the art products are based on trends and demands in today’s technical textiles and carpet processing industry.

Through a worldwide network of offices, agencies and distributors, Tanatex Chemicals supplies its customers with wet processing products and provides technical service.

For over 50 years, the company has been providing customers and partners with competitive advantages and fit-for-purpose chemical solutions, whilst meeting international standards regarding quality, health, environment and safety.

www.tanatexchemicals.com