Peter Greven, a producer of oleochemical additives with sites in Germany, the Netherlands and Malaysia, has finalized its acquisition of the paper deinking chemicals business of Stephenson Group, which will take effect on Oct. 1, 2014.

For Peter Greven, whose core business is metallic soaps, ester lubricants and fatty acids, the paper industry is an important key market for oleochemical additives. With the takeover of the Stephenson business, the company said it will strengthen its market position and add the product line Serfax to its portfolio. Extensive synergy effects will be achieved, it added.

Both companies said they regard the deal as an important step for their respective futures.

Stephenson Group claims world leadership in specialty chemical applications in personal care, textiles and rubber. The sale of the Serfax business will create more capacity for and focus on these core activities, its management said.