September 2 2021, David R Brown
Bang & Bonsomer acquires majority stake in Costech
Material technology company and distributor, Bang & Bonsomer has acquired 51% of the shares in Scandinavian ingredients distributor, Costech Chemicals ApS, based near Copenhagen, Denmark. Costech specialises in the distribution of raw materials and additives for the personal care, home care and pharma sectors in the Nordic region. Former owner Klaus Buhl will remain with the company as a minority shareholder (49%).
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The addition of Costech strengthens Bang & Bonsomer's product offering for the personal care, home care, and pharma industries in the Nordic region, Baltic States and CIS countries. Costech's operations will be merged in to Bang & Bonsomer's Beauty & Clean business unit, and Costech's personnel will report to Beauty & Clean business unit director Aet Jässi.
Costech will benefit from Bang & Bonsomer's business organisation in the different countries as well as the knowledge and technical support including the use of Bang & Bonsomer's application laboratory, marketing, and regulation management. Bang & Bonsomer will gain from Costech's well established position and customer knowledge in the Scandinavian market.
About Bang & Bonsomer
Bang & Bonsomer is a material technology company and a distributor for a wide range of industrial raw materials and additives in Scandinavia, Finland, CIS countries, and the Baltic States. Bang & Bonsomer has six industry-oriented business units that specialize in sales and services for industry-focused applications. In 2020 Group sales were 170 M€ and employees over 300. Bang & Bonsomer’s head office is located in Helsinki, Finland.
Source(s): Bang Bonsomer Press Release
Further Information
Visit: https://www.bangbonsomer.com