Chinese company to acquire Tanatex
18/08/2016
On announcing the development on August 18, Tanatex said it will continue to operate as an independent entity within the Transfar Group.
The companies said they believe the deal will enable both of them to provide a global customer base with “a broader and enhanced product portfolio”, accelerate growth and become “one of the major global leaders in specialised textile auxiliaries”.
Tanatex chief executive, Marco de Konig, said the deal presented Tanatex with an opportunity to develop its position in Asia, which he described as “a key focus area”. The Dutch company opened a factory in Rayong, Thailand, in 2014.
Tansfar senior vice-president, John Zhu, said his company wants to grow its textile chemicals business globally.
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