Croda International recently announced the acquisition of REWITEC, a lubricant specialty company with patented additives formulated to improve the efficiency and longevity of wind turbines and moving machinery.
Founded in 2003 in Lahnau, Germany, REWITEC uses nano-particle-based additives to help lower friction and reduce wear, extending the lifespan and improving the performance of gearboxes, bearings and engines within the wind turbine, automotive and marine industries.
“We are delighted to bring the products and expertise of REWITEC into the business,” said Maarten Heybroek, president of Croda Performance Technologies. “Together, we are extending our leadership in friction and wear management. We see many new opportunities for their technologies within existing and new markets, such as marine lubrication where the performance of their ingredients has already been proven.”
The REWITEC team will form part of the energy technologies sector of Croda’s performance technologies business. Through Croda’s established marketing and sales network, REWITEC will gain support to grow sales and expand the business into applications focusing on lower carbon emissions and sustainable power through improved equipment efficiency and durability.
“We are all looking forward to joining the Croda family, where their well-established sales network can support our growth ambitions,” said Stefan Bill, chief executive officer of REWITEC. “Their focus on sustainability and entrepreneurial spirit perfectly aligns with our business.”
Established in 1925, Croda has a network of more than 4,500 employees working across manufacturing sites and offices in 38 countries to create and sell specialty chemicals for a wide range of industries and consumers.
For more information, visit www.rewitec.com.