CONDAT acquires KEMNO

CONDAT acquires KEMNO

CONDAT SA and KEMNO have reached the closing date of the agreement giving CONDAT possession of the Italian based company KEMNO.

Established in 1854 and headquartered in France (near Lyon), CONDAT formulates and produces a wide range of lubricants. Its mission: create sustainable added value for its industrial customers and partners throughout their manufacturing process. As a multi-specialist, the group has earned worldwide recognition thanks to high performance lubricants dedicated to a wide range of applications such as wire drawing, tunnel boring, forging, glass, machining, heat treatment, industrial maintenance... With responsible performance as a main objective, CONDAT group develops lubricants with a reduced environmental impact, without compromising either their performance or the safety of users.  

KEMNO, like CONDAT, is a family owned company. Created in 2004 by NOVATI siblings, the Italian firm is specialised in the production of neat and soluble coolants. Mainly active in the cold heading business, KEMNO also offers also offers metal working fluids, maintenance oils and greases, quenching oils. Thanks to continued partnership between KEMNO, OEM and tooling providers, its lubricants range is a reference on the Italian market for its ability to increase tools life and decrease oil consumption.

This acquisition shows bright promise and is based on solid common values between the 2 companies: customer satisfaction, performance and innovation. It will therefore benefit the 2 companies. First, by giving KEMNO new means to expand backed on an international and stable group. Second, by allowing CONDAT Group to strengthen its diversification strategy in Italy, particularly in the fastener & machining industry. Important synergies will be at work in this merger.

As proof of its commitment in this new deal, CONDAT group has decided to formalize this venture with the creation of a 100% subsidiary, named CONDAT ITALIA. The company will be committed to guarantee continuity and optimum quality of service locally. With both ranges being complementary, Italian customers will therefore benefit from the largest choice of lubricants dedicated to their specific needs, whatever the field of application. They will also rely on strong services with high-tech lab, and on the most competitive and reliable offer.

10.10.2020 11:41:00
760

Worldwide - Last Added

BASF increases price of lubricant components

BASF increases price of lubricant components

Effective immediately, or as existing contracts permit, BASF will increase prices for products in its lubricant components portfolio (lubricant oil additives and base stocks) ...

30.3.2021 13:48:00
300
Rymax Lubricants expands to 13 new countries in 2020

Rymax Lubricants expands to 13 new countries in 2020

Despite the reality of COVID-19 holding the world in a firm grip, Rymax Lubricants has been able to realize impressive growth to 13 new countries in 2020. The Dutch lubricants ...

9.3.2021 12:47:00
402
NYCO invites you to attend their forth webinar on synthetic esters on March 16th

NYCO invites you to attend their forth webinar on synthetic esters on March 16th

NYCO announced their new webinar on synthetic esters. The webinar “Understanding and balancing interactions between esters and elastomers” will take place on March ...

22.2.2021 12:13:00
291
SGS acquires SYNLAB Analytics & Services

SGS acquires SYNLAB Analytics & Services

SGS, the leading global testing, inspection and certification company, announced the acquisition of SYNLAB Analytics & Services (A&S), a leading European environmental, food ...

15.1.2021 10:37:00
351
Evonik opens Asia Pacific Oil Additives Performance Test Lab

Evonik opens Asia Pacific Oil Additives Performance Test Lab

Evonik announced the opening of a new Asia Pacific Oil Additives Performance Lab in Shanghai. This new performance test lab, housing state-of-the-art laboratory facilities and ...

12.1.2021 10:01:00
369
Rethinking virtual events

Rethinking virtual events

At 9am CET on Tuesday January 19th 2021, up to 500 attendees will convene for the launch of ACI’s European Base Oils & Lubricants Online series. They will, however, not be ...

11.1.2021 17:38:00
203
Windrose Airlines selects NYCO turbine oil for its mixed fleet

Windrose Airlines selects NYCO turbine oil for its mixed fleet

NYCO announces that Windrose Airlines, a Ukrainian airline based in Kiev, selected Turbonycoil® 600, a synthetic turbine oil, to lubricate the engines of its whole fleet. ...

31.12.2020 12:33:00
415
Nynas successfully exits reorganisation

Nynas successfully exits reorganisation

The District Court of Södertörn today decided that the Nynas company reorganisation is now complete, following a creditors meeting where the previously submitted ...

2.12.2020 18:27:00
500
NYCO to host a webinar on syntetic esters on December 1st

NYCO to host a webinar on syntetic esters on December 1st

NYCO is organizing a free webinar "Lubrication in Environmentally Sensitive Areas: Making the Right Choice with Esters". This will be the third session of the webinars hosted by ...

26.11.2020 18:21:00
234
Evonik and MCC signed distribution partnership agreement for North America

Evonik and MCC signed distribution partnership agreement for North America

MidContinental Chemical Company, Inc. (MCC) announced that it has been selected by Evonik Oil Additives to be their distribution partner in the United States and Canada. MCC will ...

4.11.2020 17:29:00
460