CABB, a German provider of chemical building blocks, fine and specialty chemicals and custom manufacturing solutions, has acquired KemFine Group through its Swiss subsidiary AXCABB for an estimated €140 million, according to a person with knowledge of the deal. The transaction is subject to standard competition clearances.

KemFine Group focuses on the custom manufacturing of fine chemicals for the global agro and pharma industry. It is headquartered in Helsinki and operates a production facility in Kokkola, Finland. It has approximately 190 employees and in 2010 had sales of €81 million.

CABB is one of the world's leading suppliers of chemical building blocks based on chlorine and acetic acid and is the world market leader in monochloroacetic acid (MCAA), an essential component used in a wide range of applications ranging from herbicides, personal care to the food industry. It is also a leading custom manufacturer for global agrochemical, food, pharma and chemical companies.