New owner for leather chemicals manufacturer
06/09/2013
It said the change of ownership was still subject to approval from the anti-trust authorities but that it expected the deal to be complete by the end of September.
In a statement given to leatherbiz, the leather chemicals company said: “TFL will operate in the same manner as before and keep its high standard in the market.” The statement said Black Diamond Capital Management had been an investor in TFL for a number of years, adding that it believed that, as the new owner of the company, the asset management firm would continue to invest to help TFL move forward.
TFL would not confirm the equity share that Black Diamond Capital Management is buying or name other shareholders.
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