Freudenberg Chemical Specialities completed the acquisition of Deurowood from PINOVA Capital.

Freudenberg Chemical Specialities, a provider of specialty lubricants, release agents, chemotechnical maintenance products, products for chemical surface treatment and galvanic technologies, completed the acquisition of Deurowood, a full-range supplier in the area of innovative and safe-to-use chemical additives, from private equity firm PINOVA Capital. Financial terms were not disclosed. "We have been pursuing an active acquisition strategy for many years with a view to expanding our existing businesses by further value added products, technologies and services. Impregnation solutions for paper, the manufacturing of laminates and in particular for wood engineering applications are perfect additions to our existing portfolio of chemical specialities," Filip Krulis, FCS CEO.