Würth Group acquires German-Dutch chemical company
Künzelsau. On 09 June, the Würth Group signed the contract on the acquisition of the two chemical companies Dinol GmbH based in Lügde, Germany, and Diffutherm B.V. based in Bergeijk, Netherlands. With the proviso that cartel authorities will not object, the Würth Group acquires both companies. Both companies together generated sales of about EUR 60 million and have about 150 employees on their payroll at both sites.
Robert Friedmann, Chairman of the Central Managing Board of the Würth Group, and Peter Zürn, Deputy Member of the Central Managing Board, consider this acquisition ideally suited for the Group of companies' strategic focus on the automotive and construction chemicals industry. "Dinol and Diffutherm perfectly complement our activities in the chemicals area. With these products we can offer our customers a true added value while strengthening our position especially in the automotive retrofitting and accessories market that is so vital for us." (Robert Friedmann)
Würth takes over the entire management and all employees of both companies. "This is a professional management team with an excellent market knowledge, allowing is to quickly attain our growth targets", says Peter Zürn. He is also convinced of the quality of the products: "Würth, Dinol and Diffutherm all meet the same quality standard."
Frank Werst, managing director of Dinol and Diffutherm, welcomes that the two companies will become part of the Würth Group. "We have a high export share and many multinational customers. Hence, our international approach is perfectly suited for the Würth Group."
Dinol and Diffutherm develop, produce and distribute adhesives, corrosion protection, underbody protection as well as insulation materials and sealants; mainly for the automotive aftermarket but also for the construction industry. Dinol is one of the world’s leading manufacturers and suppliers of adhesives, sealants, corrosion proofing materials and sprayable noise protection materials as well as application systems for use in the automotive industry and for industrial applications. Diffutherm also specialized in anti-corrosion products, adhesives, cleaning products and chemical products for the building industry.