CONDAT SA and KEMNO have reached the closing date of the agreement giving CONDAT possession of the Italian-based company KEMNO.
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.
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 metalworking fluids, maintenance oils, and greases, quenching oils.
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 the CONDAT Group to strengthen its diversification strategy in Italy, particularly in the fastener & machining industry. Important synergies will be at work in this merger.
