Mutares has made a binding offer to acquire Venator Pigments, a leading manufacturer of specialty pigments, to bolster its Infrastructure & Special Industry segment and enter the specialty chemicals market.

Target Company Overview

Mutares SE & Co. KGaA has made a binding offer to acquire the Venator Pigments division from Venator France SAS. Venator Pigments France is recognized as one of the leading European manufacturers of ultramarine blue, violet, and pink pigments, which are utilized across various applications, including plastics, cosmetics, paints and coatings, building materials, and artists' colors. The production facility located in Comines, France, near the Belgian border, boasts nearly a century of industrial tradition along with technical expertise, employing approximately 110 staff members and generating an annual revenue of around EUR 35 million.

Venator Pigments France holds a robust market position, ranking second globally in the technical ultramarine pigments segment. The company benefits from long-standing relationships with renowned clients and trading partners across Europe, Asia, and America, further solidifying its substantial presence in the market.

Industry Overview in France

The specialty chemicals industry in France is known for its innovation and significant contributions to various sectors, including agriculture, automotive, and construction. France is home to several key players in the market, specializing in manufacturing high-performan