02/10/2020 – Take over
Condat acquires Kemno
Condat, Chasse-sur-Rhône/France, and Kemno, Nova Milanese/Italy, have reached the closing date of the agreement giving Condat possession of the Italian based company Kemno.
Kemno is quite active on the fastener and metal working lubricant business, and somewhat in wire drawing. Condat is very happy with this acquisition as this will help Kemno to expand and on Condat's side, this is a good opportunity to be more present in Italy.
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 metal working fluids, maintenance oils and greases, quenching oils. Thanks to continued partnership between Kemno, OEM and tooling providers, its lubricants range is a reference on the Italian market for its ability to increase tools life and decrease oil consumption.
This acquisition shows bright promise and is based on solid common values between the two companies: customer satisfaction, performance and innovation. It will therefore benefit the two companies. First, by giving Kemno new means to expand backed on an international and stable group. Second, by allowing Condat Group to strengthen its diversification strategy in Italy, particularly in the fastener+machining industry. Important synergies will be at work in this merger.
As proof of its commitment in this new deal, Condat group has decided to formalize this venture with the creation of a 100% subsidiary, named „Condat Italia“. The company will be committed to guarantee continuity and optimum quality of service locally. With both ranges being complementary, Italian customers will therefore benefit from the largest choice of lubricants dedicated to their specific needs, whatever the field of application. They will also rely on strong services with high-tech lab, and on the most competitive and reliable offer.