Croda International Plc, a leading supplier of ester base oils and performance additives for lubricants based in the UK, announced the acquisition of Rewitec® GmbH, a specialist in improving the efficiency and longevity of wind turbines and moving machinery through their patented additives.
Founded in 2003 in Lahnau, Germany, Rewitec’s innovations offer sustainability benefits by extending the lifetime and improving the performance of gearboxes, bearings, and engines within a wind turbine, automotive and marine industries worldwide. Using nano- and micro-particle based additives, Rewitec’s ingredients form a reconditioning layer shown to increase the durability of machinery by lowering friction and reducing wear.
“We are delighted to bring the products and expertise of Rewitec into the business. With their specialty ingredients offering high performance and sustainable benefits in use, they are a natural fit,” said Maarten Heybroek, president of Croda Performance Technologies.
“Together, we are extending our leadership in friction and wear management. We see many new opportunities for their technologies within existing and new markets, such as marine lubrication where the performance of their ingredients has already been proven,” he said.
“We are all looking forward to joining the Croda family, where their well-established sales network can support our growth ambitions. Their focus on sustainability and entrepreneurial spirit perfectly align with our business,” said Stefan Bill, chief executive officer of Rewitec.