Water treatment group pursues global expansion through German acquisition
A Cheshire water treatment specialist has acquired German chemicals enterprise, KyroChem GmbH, for an undisclosed sum.
Synthesis Water Solutions, based at Alderley Edge, said the deal will enable it to pursue its global growth strategy.
Chairman, Christopher Dean, said: “This acquisition has been a key target for Synthesis for some time and greatly facilitates our global growth strategy to deliver cleaner and more reusable water, with less environmental impact.“
He said ESG is of critical importance to the $5 trillion chemical industry.
Traditionally, reducing environmental impacts has meant higher costs for the end user.
KyroChem’s products, based on unique chemistry, offer a step change for the chemical industry delivering measurably better performance, with major ESG benefits for the end user without increased cost in a world that has, to date, been dominated by commodity chemicals.
Mr Dean added: “KyroChem’s customer base already includes some of the largest global water treatment companies and gives us the perfect platform to add immediate value to our group through increased sales to those established distribution networks.
“We hope to announce major strategic partnerships in the weeks to come.”
Synthesis plans to increase sales across Europe while commencing manufacturing and supply operations in Saudi Arabia and the USA to support immediate customer demand.
Prior to his investment in the water treatment sector, Mr Dean co-founded and ultimately sold Blue Energy, one of the UK’s largest privately-owned renewable energy developers.
