Sale of Manuchar to Lone Star Funds completed

Following signing of the agreement on January 14, 2022 and fulfillment of all conditions, the sale of the shares in Manuchar to Lone Star has been completed today.

After a successful development under the ownership of the founding Maas family, management and Ackermans & van Haaren, Manuchar is pleased to announce the next phase of its growth story by welcoming an affiliate of Lone Star Funds (“Lone Star”) as the new majority shareholder (c. 80%) alongside its management (c. 20%). With Lone Star, the company looks forward to engaging with a leading private equity firm which will provide the necessary support and capital structure to realize our ambitions for the future.

This partnership marks a new milestone in building our leading chemical distribution platform across emerging markets with the aim to further strengthen our global network, both geographically and in product offering. We intend to take a leading role in the consolidation of the chemical distribution landscape in emerging markets. Furthermore, Manuchar will continue to capture the high growth potential of emerging markets through investments in people and strategic infrastructure. We will leverage our strong distribution platform and leading market positions in the Home Care industry to further expand our product offering in Agriculture, Food & Feed, Personal Care and other end-markets. The complementary International Trade Services in steel, polymers and other commodities will continue to create synergies with the Chemical Distribution business.

Most importantly, we will continue to deliver on our mission to “keep our customers’ production running. Anytime. Anywhere.” We are proud of the prominent role we play in the industry, and we are grateful for the trust of our teams, customers and partners. We also want to thank our founders, the Maas family, for more than 30 years of support as well as Ackermans & van Haaren for their guidance over the past 15 years.

We greatly appreciate the confidence of our new investor and are excited to collaborate on our plans for the future.

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your production running