Global New Material International Holdings Limited (GNMI) has completed its €665 million acquisition of Merck’s Surface Solutions business (“Surface Solutions”), which will continue under the “Susonity” brand.
The acquisition further expands GNMI’s geographical reach and strengthens the sales channels of its principal business. With the deal finalized, Surface Solutions’ production facilities in Gernsheim, Germany; Onahama, Japan; and Savannah, Ga., will serve as regional hubs for the enlarged business.
“The completion of this strategic acquisition marks a major milestone in our global expansion, underscoring our transformation from a leading pigment manufacturer to a comprehensive surface solutions provider. With our expanded international presence and product portfolio, we are poised to solidify our leadership across the entire industry value chain, said Ertian Su, chairman of GNMI. “There is a clear roadmap to unlock synergies and enhance operational efficiency across the enlarged business. We are confident in executing our strategy to drive growth through market and category expansion, and to deliver enhanced value to our customers, partners, and shareholders.”
Around 1,100 employees, more than 600 of them based in Germany, have transferred to GNMI. Under the agreement with Merck, GNMI has guaranteed the future of the Gernsheim site and the employment of its Germany-based staff through 2032. In addition, Merck and GNMI have entered into a series of supply and service agreements to ensure the seamless transition of the business.