Govi acquires Emulco Malaysia
Ghent – 5 May 2015 – GOVI, subsidiary of Christeyns, proudly announces the take-over of the Malaysian business of Emulco.
GOVI, a company acquired by Christeyns in 2013, was incorporated in Ghent, Belgium in 1910 and manufactures high-quality engineered chemicals. With 3 production sites, 2 in Belgium (headquarters in Drongen + Gent) and one in Serbia, the company sells its products worldwide and has built up a solid reputation in the international (oleo)chemicals industry. In 2014, Govi achieved a record turnover of about 48 M€, offering specialized chemicals such as wax emulsions, dust-binding chemicals, calcium-stearate, silicone emulsions, esters and industrial soaps.
Emulco Malaysia, based in Port Klang, near Kuala Lumpur, was originally incorporated in the mid 90’s as it was spun out of the historical Govi Company. This take-over now reunites both parts of the company, which have developed successfully in their own geographical markets. Emulco Malaysia realized a turnover of over € 25 M in 2014, serving the markets of South-East Asia with a product portfolio of emulsions and dispersions that is very similar to that of Govi.
Management and staff of Emulco Malaysia will stay on board, fully supported by the Christeyns-Govi group in its ambition to continue its path of growth. To realize this, a major investment plan for a brand new production site on 20.000m² in Port Klang is launched. Construction is already ongoing, with start-up of the operations foreseen for the end of this year.
Emulco Malaysia will be rebranded to GOVI, to avoid confusion with the Emulco brand which will still be used by the Seller in other business lines.