{"id":559,"date":"2013-10-01T12:00:03","date_gmt":"2013-10-01T09:00:03","guid":{"rendered":"https:\/\/dev.mbrahastot.donbran.co\/uncategorized\/2013\/10\/mb-rahastot-myy-forchemin-portugalilaiselle-respol-groupille\/"},"modified":"2019-07-05T16:54:40","modified_gmt":"2019-07-05T13:54:40","slug":"mb-rahastot-myy-forchemin-portugalilaiselle-respol-groupille","status":"publish","type":"post","link":"https:\/\/www.mbrahastot.fi\/en\/press-release\/2013\/10\/mb-rahastot-myy-forchemin-portugalilaiselle-respol-groupille\/","title":{"rendered":"MB Funds sells Forchem to Portuguese Respol Group"},"content":{"rendered":"

Funds managed by MB Funds and other Forchem Oy shareholders have sold the entire share capital of the company to the Portuguese Respol Group.<\/span><\/p>\n

Forchem Oy is an industry leader, with the most modern biorefinery in Europe, processing tall oil for upgrading special chemical industry products, biofuels for energy production and raw material for traffic fuels. Of the company\u2019s products, rosin is used as raw material and adhesives in e.g. glues and paints, fatty acids as raw materials of e.g. paints, coatings and detergents, and the secondary product tall-oil pitch is used as biofuel and raw material for biodiesel. The company\u2019s customers include several leading companies in the chemical, energy and wood processing industries in almost all European countries. Forchem\u2019s turnover totalled approximately \u20ac130 million in 2012.<\/span><\/p>\n

Forchem was established in 2002. Its production plant is located in Rauma, Finland, and its annual distillation capacity is approximately 175,000 tonnes. The company has recently commissioned a \u20ac13 million strategic investment to improve product quality and increase its production capacity. The new tall rosin additional distillation column increases the quality of the rosin to a level that meets the demand in the most rapidly growing market segments, such as adhesives and glues. A new heating boiler increases the operational reliability of the process and facilitates increasing the production capacity in the future.\u00a0 Forchem generates all of the energy required in the process using fully renewable energy sources from the by-products of its production.<\/span><\/p>\n

MB Funds acquired Forchem Oy in 2007. During MB Funds\u2019 shareholding, the company\u2019s customer base has been expanded and diversified, the production process has been developed and significant investments have been made in upgrading. The company\u2019s turnover has almost doubled and its profitability has improved during this time. With the strategic investment, there has also been considerable interest in the company among industrial companies operating in the line of business.<\/span><\/p>\n

Forchem\u2019s new owner is the Portuguese family-owned business Respol Group. The company\u2019s industrial operations are focused on Respol Resinas, S.A., established in 1993, which is one of the leading rosin upgraders in Europe. Respol has been Forchem\u2019s customer throughout the existence of the company. Through the acquisition of Forchem, Respol\u2019s strategy is to make the entire rosin upgrading capacity supply chain more efficient, diversify into new product areas and expand its customer base, especially in Northern Europe. With the acquisition, Respol\u2019s position as one of the leading suppliers of renewable and sustainable rosins will strengthen considerably.\u00a0<\/span><\/p>\n

\u201cWe are pleased that with Respol, Forchem now has an owner with industrial logic in the arrangement that can further develop Forchem\u2019s operations in the future.\u00a0 I believe that Forchem\u2019s operations in Rauma will expand from the present level<\/em>“, says Eero Niiva<\/strong>, partner at MB Funds.<\/span><\/p>\n

The parties to the transaction have agreed not to publish the sale price.<\/span><\/p>\n

For more information, please contact:<\/span><\/p>\n

Eero Niiva<\/strong>
\nPartner, MB Funds
\n<\/span>+358 40 556 4660.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Funds managed by MB Funds and other Forchem Oy shareholders have sold the entire share capital of the company to the Portuguese Respol Group. Forchem Oy is an industry leader, with the most modern biorefinery in Europe, processing tall oil for upgrading special chemical industry products, biofuels for energy production and raw material for traffic […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-559","post","type-post","status-publish","format-standard","hentry","category-press-release"],"yoast_head":"\nMB Funds sells Forchem to Portuguese Respol Group - MB Rahastot<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mbrahastot.fi\/en\/press-release\/2013\/10\/mb-rahastot-myy-forchemin-portugalilaiselle-respol-groupille\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MB Funds sells Forchem to Portuguese Respol Group\" \/>\n<meta property=\"og:description\" content=\"Funds managed by MB Funds and other Forchem Oy shareholders have sold the entire share capital of the company to the Portuguese Respol Group. 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