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BDO advises Milliken & Company on the acquisition of Zebra-chem GmbH

05 March 2021

BDO has advised Milliken & Company (“Milliken”), a global diversified manufacturer with more than a century and a half of materials science expertise, on the acquisition of Zebra-chem GmbH (“Zebra-chem”). BDO was engaged to provide due diligence on the financial and tax position of the acquired business.

Zebra-chem is a special compounding company which produces a respected portfolio of chemical blowing agent and peroxide masterbatches for application in most thermoplastics and engineering plastics. The company is headquartered in Bad Bentheim/Germany.

Milliken is headquartered in Spartanburg/South Carolina. With innovative solutions across the textile, flooring, specialty chemical, and healthcare industries, Milliken answers some of the world’s greatest challenges. Milliken has more than 8,000 employees across 46 manufacturing facilities around the globe.

Alain Van den Berghe, Business Finance & SC Leader Chemicals Europe: “The BDO team, led by Martin in Germany was a main contributor in getting the deal done successfully. Martin was able to find the right balance between collecting the right information from Zebra-chem and translating this into clear advice to Milliken on the potential and risks during the deal. The team was relentless in creating such a clear picture!”

Combining the strengths of Milliken and Zebra-chem opens up new potential to expand solutions that accelerate and improve plastic recycling.

 

BDO advisors:

Financial Due Diligence

  • Chad Rash (BDO USA)
  • Martin Studier (leading/BDO Hamburg)
  • Bernardo Jose Riedel (BDO Hamburg)

Tax Due Diligence

  • Alison Torres (BDO USA)
  • Liliane Kleinert (BDO Hamburg)
  • Lars Erichsen (BDO Hamburg)