Peter Greven Buys Stephenson’s Deinking Chemicals Business

For Peter Greven, whose core business is metallic soaps, ester lubricants and fatty acids, the paper industry is an important key market for oleochemical additives. With the takeover of the Stephenson business, the company said it will strengthen its market position and add the product line Serfax to its portfolio. Extensive synergy effects will be achieved, it added.

Both companies said they regard the deal as an important step for their respective futures.

Stephenson Group claims world leadership in specialty chemical applications in personal care, textiles and rubber. The sale of the Serfax business will create more capacity for and focus on these core activities, its management said.