Overlack to expand Network and acquire Lansdowne Chemicals in UK
Chemicals distributor Overlack AG (Mönchengladbach, Germany) has announced the acquisition of Lansdown Chemical (Carterton, Oxon – UK). Besides distribution of chemicals, the company manufactures Nitrate Products and operates a specialist Hydrazine Hydrate dilution facility.
With two sites in the UK as well as a subsidiary in the Netherlands and a sales office in the USA, Lansdowne generates a turnover EUR 75 mn (GBP 55 mn), Lansdowne will continue to operate under its own name; all employees will be retained, Overlack said in a statement.
No financial details were disclosed on the transaction, which follows the acquisition of Klink Group in Germany, announced a few weeks ago.
Overlack said the investment was supported by the private equity partnership between Overlack and Hannover Finanz. Under this arrangement the financial sponsor provides equity in the form of a convertible bond.
Source: Overlack press release, Lansdowne website
HGE – DCG / 30.11.2015