# Silvateam becomes majority owner of wet-green GmbH

Silvateam S.p.A., a producer of plant-based tannins, has become the new majority owner of wet-green GmbH, a pioneer of patented wet-green technology for Olivenleder, after acquiring the company from MB-Holding GmbH.

- Type: Acquisition
- Announced: 2024-02-16
- Where: Reutlingen, Germany, Germany
- Status: completed
- Products: plant-based tannins, tanning agents, Olivenleder
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [MB Holding](https://endata.com/companies/30082.md) (partner)
- [Silvateam](https://endata.com/companies/43125.md) (acquirer)
- [wet-green GmbH](https://endata.com/companies/75688.md) (target)

## Sources

- [silvateam.com](https://www.silvateam.com/en/products-and-services/leather-tanning-solutions/press-release-silvateam-spa-and-wet-green-gmbh-now-jointly-set-benchmark-plant-based-tanning.html), 2024-02-16: "This strategic alliance will be the 'North Star' for sustainable innovations in the leather industry."
- [gazzettadalba.it](https://www.gazzettadalba.it/2024/03/industria-conciaria-la-silvateam-di-mondovi-acquisisce-unazienda-tedesca/), 2024-03-08: "La Silvateam di Mondovì, leader mondiale nella produzione di tannini vegetali, ha acquisito la tedesca wet-Green Gmbh di Reutlingen."

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