EuroWire January 2021

Corporate News

▲ ▲ Condat’s headquarters near Lyon, France

Expansion plans as Condat acquires Italy-based Kemno

Condat SA has acquired Italy-based company Kemno. The acquisition will give Kemno new means to expand, backed by an international group. It will also allow Condat Group to strengthen its diversification strategy in Italy, particularly in the fastener and machining industry. Established in 1854 and headquartered near Lyon, France, Condat formulates and produces a wide range of lubricants. As a multi-specialist, the group has earned recognition for its lubricants dedicated to a wide range of applications such as wire drawing, tunnel boring,

forging, glass, machining, heat treatment and industrial maintenance. With responsible performance as a main objective, Condat develops lubricants with a reduced environmental impact, without compromising either their performance or the safety of users. Like Condat, Kemno is a family-owned company. Created in 2004, the Italian firm specialises in the production of neat and soluble coolants. Mainly active in the cold heading business, Kemno also offers metal working fluids, maintenance oils and greases, and quenching oils. With continued partnership with OEM and

tooling providers, its lubricants range is described as a reference on the Italian market for its ability to increase tool life and decrease oil consumption. Showing its commitment to the new deal, Condat has decided to formalise the venture with the creation of a 100 per cent subsidiary, named Condat Italia. The company will ensure continuity and quality of service locally. With the two ranges being complementary, Italian customers will benefit from a larger choice of lubricants dedicated to specific needs in many fields of application. Condat SA www.condat-lubricants.com

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January 2021