In line with its growth strategy, German leather chemical specialists, Zschimmer & Schwarz is to acquire the leather auxiliaries business (wet-end) of Lamberti/Unichem who are headquartered in Italy. The leather finishing business of Lamberti/Unichem is not part of the acquisition. The business fits well with and will be integrated into the existing Leather Auxiliaries Division of the company. The acquisition further strengthens the position of Zschimmer & Schwarz in the global market for leather and fur auxiliaries. Completion shall take place as of February 1, 2015.
Lamberti/Unichem will continue with the development of their leather finishing business aiming to grow their market share focussed on some core technologies of the Group, in particular water-based synthetic polymer chemistry (Polyurethane dispersions and acrylic based polymers) supported by advanced technical service.
The transaction includes the transfer of Lamberti/Unichem’s complete line of leather auxiliaries (wet-end) and all customer relationships. The product line will be integrated into the range of Zschimmer & Schwarz in Lahnstein, Germany, and into Zeta Esse Ti in Tricerro, Italy, but the manufacturing will remain for a transition period at Lamberti/Unichem’s production plant in Italy and be transferred only gradually.