KLK Oleo acquired a controlling stake in Italian oleochemical producer Temix Oleo, the companies announced. The move expands KLK Oleo’s capabilities for manufacturing esters for base oils and lubricants.
Milan-based Temix Oleo offers ester base stocks for metalworking fluids, along with hydraulic fluids, along with other applications such as plastics and cosmetics. It operates a plant in Calderara, Italy, with capacity to produce 25,000 metric tons per year of esters. Its products come mostly from plant oils, and it states that it taps a variety of types of plants according to market developments.
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