Clearwater International Germany advises TIB Chemicals on the sale of BNT Chemicals to IBU-tec
Clearwater International Germany has advised TIB Chemicals AG (TIB) on the sale of its subsidiary BNT Chemicals GmbH (BNT) to the listed IBU-tec advanced materials AG (IBU-tec). The purchase agreement as of 2 July 2018 has been signed.
TIB is an international chemical company with over 480 employees. For more than 140 years, TIB has offered its customers a diversified product programme as well as customised solutions in areas including basic chemicals, inorganic specialty chemicals and coating systems. TIB is one of the worldwide leading suppliers to the organotin catalysts market.
Founded in 1998, BNT is a specialist in wet chemical processes, with a focus on tin-based chemical products. The company trades across 35 countries worldwide, with its products applied in areas including surface coatings, PVC-tinstabilisers, the pharmaceutical and chemistry industry, as well as the production of silicon, polyurethane-foams and rubber.
IBU-tec is a specialised, high-growth development and production service provider for thermal processing technology, for the treatment of inorganic powders and granules. Based in Weimar, Germany, IBU-tec employs around 150 people.
The Clearwater International team was led by Managing Partner Axel Oltmann, with support from Associate Director Josef Spanidis, Associate Ilja Litichevski and Analyst Özgür Büber.
Dr. Matthias Grehl, CEO, TIB Chemicals AG commented: “With IBU-tec we have found an ideal partner for the acquisition of BNT Chemicals. We are confident that the expertise and know-how of IBU-tec and BNT – especially in the field of wet chemistry and thermal processes – will greatly enhance the innovative strength of the companies involved.”