Clearwater International advises the owners of DST-Chemicals on its sale to Foreman Capital
Clearwater International has advised the owners of DST-Chemicals, a Danish manufacturer of eco-friendly speciality chemicals for industrial cleaning applications, on the majority sale to the private equity firm Foreman Capital.
Founded in 1987 in Kolding, Denmark, DST-Chemicals is a second-generation family-owned company that specialises in the production of eco-friendly speciality chemical consumables, used for metal cleaning as part of various manufacturing processes. It has a wide product portfolio, including products for degreasing, derusting and deburring.
DST-Chemicals’ customers include large blue-chip industrial manufacturers such as ZF and Danfoss. The company’s key value proposition is to provide a highly efficient product range combined with state-of-the-art service and unmatched technical know-how, whilst reducing CO2 emissions and wastewater production.
Foreman Capital is a private equity company based in the Netherlands with a newly opened office in Copenhagen. DST-Chemicals marks Foreman’s third Denmark-based portfolio company. The transaction offers a great match for both parties in fulfilling DST-Chemicals’ growth ambitions in new markets and building a global leader in its field.