Global New Material International (GNMI) Signs Agreement to Acquire Merck's Surface Solutions Business
2024年7月25日 - 10:13PM
JCN Newswire
Global New Material International Holdings Limited ('GNMI', Hong
Kong stock code: 06616), announced today that it has entered into
an agreement ('Agreement') with Merck KGaA, ('Merck') to acquire
Merck's global surface solutions business ('Surface Solutions') for
EUR 665,000,000 (equivalent to approximately RMB 5,187,000,000 or
HKD 5,586,000,000), in cash. The transaction is expected to close
('Closing') in the course of 2025, subject to regulatory approvals
and satisfaction of certain customary closing conditions.
GNMI and Surface Solutions are highly complementary from a product
portfolio, expertise and geographic footprint perspective. The
proposed combination will strengthen the position of the business
post-closing and enable an even more customer-centric go to market
approach. The acquisition is anticipated to further broaden the
global capabilities of GNMI and enhance product excellence.
Ertian Su, Chairman of Global New Material International, said: 'I
am excited to announce our acquisition of Merck Surface Solutions ,
and look forward to a seamless integration upon post-closing. The
acquisition will be a landmark moment for GNMI as the newly
combined team will bring the best of both worlds, with a combined
set of capabilities, expertise, talent, geographic and sales
network. As one team, we will jointly offer innovation and product
excellence to our customers and partners, uplift the industry
standards, and achieve an unwavering position in the global
marketplace. I truly believe that integrating with Surface
Solutions will be a key catalyst for our business and our industry,
enabling GNMI to achieve new heights of success.'
Mr. Su added, 'I am fully committed to embarking on this new
journey with Surface Solutions. The combination of our businesses
not only unlocks an infinite number of opportunities for GNMI and
our industry, but it will be full of opportunities for personal and
career development for all employees as well. An integration team
consisting of representatives of both GNMI and Surface Solutions
will jointly develop plans for combining our expertise, resources
and activities to ensure smooth integration, and to maximize the
growth synergies between the two companies.'
'GNMI and our Surface Solutions business will join forces and
combine their strengths to form an even stronger team, delivering
excellence in the pigments industry,' said Belen Garijo, Chair of
the Executive Board and CEO of Merck.
Kai Beckmann, Member of the Executive Board of Merck and CEO
Electronics, said: 'The combination of Surface Solutions and GNMI
will strengthen the competitiveness of the business, thus providing
better prospects for employees and customers.'
GNMI, spearheaded by its brand Chesir and CQV, has deep expertise
in research and development, production, and sales of synthetic
mica, pearlescent materials, and new energy materials. With main
production capacities in China and Korea, GNMI holds a leading
position in the mid-to-high market, supplying highly-functional
cutting-edge materials to multinational customers worldwide in
various sectors such as automobiles, cosmetics, electronic goods,
personal cares, plastics, printings, foods, and pharmaceuticals. In
particular, CQV is a pioneer in effect pigments in Korea and
beyond, and will continue to play a critical role in expanding
GNMI's global footprint along with the addition of Surface
Solutions.
Merck Surface Solutions is specialized in solutions used in
coating, cosmetic and industrial applications. Surface Solutions
holds a strong position in the high-quality markets, especially in
the global automotive and cosmetics markets.
Upon closing, the production facilities of Surface Solutions in
Gernsheim (Germany), Onahama (Japan), and Savannah, Georgia (United
States) will become regional hubs of the enlarged business with
continued operations. Simultaneously, 1,200 global employees of
Surface Solutions will be retained. There is also a comprehensive
job guarantee program for the Gernsheim and Darmstadt sites as well
as a site guarantee for Gernsheim in place until at least 2032.
Merck Surface Solutions and GNMI remain separate and independent
companies until the transaction closes.
For further information please also visit
www.global-surface-partner.com
Photo Caption:
Ertian Su, Chairman of Global New Material International (Center),
Belen Garijo, Chair of the Executive Board and CEO of Merck (Right)
and Kai Beckmann, Member of the Executive Board of Merck and CEO
Electronics (Left), met in Darmstadt, Germany, in regards to GNMI's
acquisition of Surface Solutions.
About Global New Material International
Global New Material International Holdings Limited (GNMI, Hong Kong
stock code: 06616) is one of the largest pearlescent pigment
producers. Spearheaded by its brand Chesir and CQV, it has deep
expertise in research and development, production, and sales of
pearlescent materials, synthetic mica, and new energy materials.
With approximately 800 employees and main production capacities in
China and Korea, GNMI holds a leading position in the mid-to-high
market, supplying highly-functional cutting-edge materials to
multinational customers worldwide in various sectors such as
automobiles, cosmetics, electronic goods, personal cares, plastics,
printings, foods, and pharmaceuticals.
About Merck
Merck, a leading science and technology company, operates across
life science, healthcare and electronics. Around 63,000 employees
work to make a positive difference to millions of people's lives
every day by creating more joyful and sustainable ways to live.
From providing products and services that accelerate drug
development and manufacturing as well as discovering unique ways to
treat the most challenging diseases to enabling the intelligence of
devices - the company is everywhere. In 2023, Merck generated sales
of EUR 21 billion in 65 countries.
Scientific exploration and responsible entrepreneurship have been
key to Merck's technological and scientific advances. This is how
Merck has thrived since its founding in 1668. The founding family
remains the majority owner of the publicly listed company. Merck
holds the global rights to the Merck name and brand. The only
exceptions are the United States and Canada, where the business
sectors of Merck operate as MilliporeSigma in life science, EMD
Serono in healthcare, and EMD Electronics in electronics.
Media Contacts
Hong Kong:
Jeremy Leung
Jeremy.Leung2@fticonsulting.com
+852 63246092
Cindy Chu
Cindy.Chu@fticonsulting.com
+852 91272840
global-surface-partner@fticonsulting.com
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