# Orrion Chemicals Orgaform management acquires 60% majority stake

The management team of Orrion Chemicals Orgaform, led by President Christian Siest and CEO Christian Touzin, acquired a 60% majority interest in the company, with new investors including Carvest and Centre Loire Expansion taking 21%. The deal supports the company's growth plans.

- Type: Acquisition
- Announced: 2020-09-02
- Where: France
- Status: announced
- Capacity: 40,000 tons per year
- Products: niche chemical products, staple glue, release agents, hollow glass coatings, hydroalcoholic gel
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Carvest](https://endata.com/companies/42898.md) (investor)
- [Orrion Chemicals Orgaform](https://endata.com/companies/49673.md) (target)
- [Centre Loire Expansion](https://endata.com/companies/49674.md) (investor)

## Sources

- [wfw.com](https://www.wfw.com/press/wfw-advises-orrion-chemicals-orgaforms-management-team-on-lmbo/), 2020-09-02: "The management team's acquisition is part of a growth project based on market diversification and innovation, with an R&D budget already representing 10% of its revenue."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.