TAGS: Sustainability / Natural Cosmetics
Temix Oleo SpA (Temix Oleo) and KLK Emmerich GmbH (KLKE), a subsidiary of Kuala Lumpur Kepong Berhad (KLK), under its resource-based manufacturing division known as KLK OLEO, have entered into a definitive agreement to acquire a controlling stake in Temix Oleo (the Transaction).
The acquisition will expand KLK OLEO’s product offering for Oleochemical.
Opportunity for Temix Oleo to Continue to Grow
“Temix Oleo outstanding reputation is built on their customer-centric and high-quality service business model. We are excited to welcome the Temix Oleo team and their excellent product portfolio to be part of the group of KLK (KLK Group),” said Sriganesh Mathur Subramanian, managing director, KLKE.
KLK OLEO is one of the globally integrated oleochemical producers (oleochemical, derivatives, and specialty chemicals) with manufacturing sites in Malaysia, Indonesia, China, and Europe. KLK OLEO is the manufacturing division of KLK, an international plantations group listed on the Malaysia stock exchange with a market capitalization of approximately Euro 4.8 billion as of the end of September 2022.
Temix Oleo is an oleochemical company focused on the production of Esters mainly based on renewable feedstocks, and delivering solutions for lubricant, cosmetic, ceramic, coating, rubber, and plastics industries. It is located in Milan, Italy with a production plant in Calderara di Reno (Bologna) employing around 100 people with a turnover of Euro 150 million in 2022.
The Transaction is expected to be completed by April 2023, subject to regulatory approval and customary closing conditions.
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This acquisition is an opportunity for Temix Oleo to continue to grow, in product portfolio and geographic areas, with focus on sustainability and innovation. Being part of the KLK Group, employees can look forward to a bright future,” said Roberto Cella, managing director Temix Oleo.
KLK OLEO to participate in the upcoming exhibitions - in-cosmetic Global (28-30 Mar 2023), NYSCC Suppliers Day (2-3 May 2023), CITE Japan (17-19 May 2023) and Cosmetics & Home Care Ingredients (CHCI) (31 May-2 Jun 2023).
Explore Ingredients from KLK OLEO
Source: KLK OLEO
