Schülke & Mayr sells its Personal Care Business
Schülke & Mayr GmbH announced recently that it has entered into a definite agreement with Ashland, a global leader in specialty materials, for the sale of schülke’s global Personal Care business. Ashland is a global specialty materials company that will enable the PC business to grow further under new ownership. We are convinced that in Ashland we have found the right and long term partner for Personal Care. Together with Ashland´s industry expertise we expect the PC business to boost further its innovation and time to market in a cosmetic minded environment and provide additional access to markets and customers through cross selling opportunities.
Arne Roettger, Director Personal Care Business, commented: “We are thrilled and excited that we found the right harbor for our Personal Care activities. Together with Ashland we will make further progress in our ambition to serve our customers with the best and innovative solutions. The leadership team is fully convinced that this step offers our customers and us tremendous opportunities.” With this transaction the company completes its strategic repositioning to a pureplay healthcare company. The company will focus on its core business in infection prevention and hygiene solutions. This step will create a well-positioned platform to accelerate growth and will allow them to further invest in its core business and grow organically and through acquisitions. Overall it will foster a strong and focused customer mindset as well as an agile innovation culture in the company´s organization.
Christian Last, Chief Executive Officer, schülke, commented: “The company is pioneer and leader in the field of infection prevention and hygiene solutions for over 130 years. 2020 was an extremely important year for us as a critical company in the immense fight against the pandemic. It clearly demonstrated one thing: Our strength lies in serving our customers in the healthcare business segments. Our mission to protect lives worldwide will now become true in everything we do.”
With regard to the ongoing Corona pandemic, the company will continue to support its customers in the best possible way and provide them with the required and needed products. The entire schülke team is doing an immense job and remains highly motivated in the fight against the COVID-19 pandemic.