SurTec acquires Italian electroplating specialist TF Chemical

TF Chemical has built a solid reputation for developing high-quality process chemistry used primarily in the sanitary industry for surface treatment. The acquisition of TF Chemical gives SurTec access to a broader portfolio of advanced formulations, proprietary technologies and highly skilled employees. According to the company, this acquisition fits perfectly with SurTec's growth strategy, which focuses on expanding its product offering and geographic footprint. "We are pleased to announce the acquisition of TF Chemical," said Dr. Fulvio Lamberti, CFO of SurTec. "Their expertise and product portfolio perfectly complement our existing capabilities and allow us to offer an even broader range of solutions to our customers. This strategic move strengthens our market position and supports our commitment to providing high performance chemical solutions for surface treatment." TF Chemical CEO, Francesco Tariello, states, "After the successful development of the TF Chemical business, I realized that we have reached our limits. I am very motivated to help SurTec take the TF Chemical business to the next level."

The acquisition of TF Chemical marks an exciting chapter in SurTec's development as it continues to expand and diversify its decorative electroplating business. This strategic investment expands SurTec's customer base and strengthens the global company's ability to meet the exacting demands within the plumbing industry, and many more, with innovative products and technologies. Within the first quarter of 2024, TF Chemical will be fully integrated into the Italian company of the SurTec Group, retroactive to December 31, 2022. TF Chemical's customers will experience a seamless transition and can continue to rely on the same excellent service and support. Dr. Karsten Grünke, CEO of SurTec, expressed his confidence in the acquisition and said, "The acquisition of TF Chemical represents an important milestone in SurTec's growth strategy. We are excited about the opportunities this acquisition presents, including increased market share in Italy and enhanced value to the customer. We believe that by leveraging the synergies between our two companies, we can drive sustainable growth." Upon completion of the acquisition, SurTec and TF Chemical will work together to integrate their operations and leverage their respective strengths to accelerate innovation, enhance customer satisfaction and promote long-term success, according to the company.