Clairfield advises Chemtek on the sale to Henkel
Chemtek, UK-based chemicals manufacturer, was sold to German multinational company Henkel.
Chemtek is a manufacturer of liquid cleaners for household and commercial use. The business is based in Coventry and has a workforce of 130. Products include own-label equivalents to Mr Muscle Shower Shine and Flash Shower Mist.
The shareholders wanted to sell to an organisation which would provide Chemtek a platform to realise its potential.
Clairfield identified two key buyers, one UK and another overseas and quickly aligned the process with the strategic overseas buyer – Henkel, a multinational company headquartered in Germany with global turnover in excess of EUR 15 billion. During the process 25% of Chemtek’s sales were put out for tender and Clairfield successfully managed this within the sale process and negotiations to achieve a strategic valuation of 13x from the purchaser.
Industrials
Sale
Advisor to the seller
Services :
Secteurs :
Deal team :
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