Illinois Tool Works Acquires AppliChem
Illinois Tool Works (ITW) has acquired AppliChem, a German based chemical company with particular focus on fine chemicals and biochemical products for laboratory, pharmaceutical, cosmetic and food industries. Founded in 1992 and lead by Dr. Frasch and Dr. Oeler, AppliChem has its production facility in Darmstadt, Germany, with some 130 employees. The company exports 50% of its products to 70 countries all over the world.
"AppliChem is going to play key role in the development of value-added chemicals, reagents and life science products. This process began in 2010 with the acquisition of Panreac Quimica SLU and Nova Chimica Srl" said Joan Roget, Panreac's general manager.
AppliChem will become part of ITW Performance Polymers & Fluids and will be integrated strategically into the business platform led by Panreac Quimica SLU. The former owners and CEOs Dr. Frasch and Dr. Oeler will continue their management activities.
