• 2M Holdings Group Ltd, headquartered in the United Kingdom, acquires Bregaglio S.r.l. in Italy
• Zschimmer & Schwarz increases its focus on its own production in the Personal Care Division

Zschimmer & Schwarz announces the sale of Bregaglio S.r.l. in Italy to 2M Holdings Group (2M). The sale takes place on the basis of a clear strategy for the future of the Zschimmer & Schwarz Group. The globally active supplier of chemical specialities and auxiliaries is increasingly focusing on its own production in the Personal Care Division. Dr Martin Haberl, General Manager of Zschimmer & Schwarz, emphasises: "We are pleased to have found a strong new home for Bregaglio with 2M. At Zschimmer & Schwarz, we are focusing entirely on our core business as part of our strategy and on what has distinguished our company for over 125 years: the development of our own innovative and tailor-made solutions."

Bregaglio had been part of the Zschimmer & Schwarz Group since 2008 and is an established distributor for the personal care industry in Europe, with Italy as its core market. With its well-known brand name and technical expertise, Bregaglio complements the Surfachem Group, which is part of 2M, and strengthens the company's Europe-wide life sciences distribution.

"We are happy to add Bregaglio to our company group to broaden our product portfolio and expand our presence in Europe," says Mottie Kessler, Chairman and CEO of 2M. "We are in full alignment with the culture and values of Bregaglio and its previous parent company, Zschimmer & Schwarz, with whom we will continue to maintain a close commercial relationship. In addition, we will support Bregaglio's continued growth through innovation for the benefit of its customers and suppliers."