CHT Group Acquires ICM Silicones Group

• Acquisition brings the companies of ICM, QSi and ACC under the roof of
  CHT
• Significant profitable expansion of the existing silicone business
• The market re-entrance of CHT Group in the USA
• A supplement to the already existing silicone product range
• Additional market and technology know-how

TUEBINGEN, Germany–(BUSINESS WIRE)–CHT Group, a leading silicone specialities supplier in Europe, is
pleased to announce the acquisition of ICM Silicones Group;
headquartered in Cassopolis, Michigan, USA.

ICM Silicones Group is a leading solutions provider for high performance
silicone emulsions and silicone elastomer applications in America. ICM
Silicones Group consist of five separate operating subsidiaries: ICM
Products Inc. in Cassopolis, Michigan; QSi LLC in Richmond, Virginia;
ACC Silicones Ltd. in Bridgwater, UK; Treco Srl in Milan, Italy and ACC
Silicones in Tianjin, China. ICM Silicones Group greatly expands CHT’s
geographic reach in the US market and strengthens its already strong
presence in the silicone specialities business.

Dr. Frank Naumann, CEO of CHT Group said, “We’re excited to combine the
silicone speciality businesses of ICM Silicones Group and CHT. The
acquisition doubles our current silicone business and positions us as a
leading silicone specialities supplier globally. We look forward to
continuing the strong business development by building on the combined
strength of technical innovation and customer service both companies
offer. Furthermore, this transaction brings CHT Group back to the ever
important US market.”

Dr. Ralf Brückmann, Head of Business Field General Industries, CHT
Group, said, “The combination of CHT Silicones and ICM Silicones will
greatly expand the variety of products and services that CHT already
offers to the marketplace globally. With this transaction, CHT Silicones
will have a stronger international footprint and will be able to add
significantly more value to our customers.”

Levi Cottington, CEO of ICM Silicones Group, expressed enthusiasm over
the acquisition saying, “The acquisition is a great fit for both
companies. CHT gains a strong presence in the United States plus adds
technology and market segment expertise that can be used globally. We
appreciate what we have been able to accomplish with Century Park and
look forward to being part of the strong global CHT Team.”

Dr. Bernhard Hettich, COO of the CHT Group commented that broadening
CHT’s silicone business and technology base into attractive new market
segments is a key focus of our growth strategy within our Agenda 2020.
The combination of the CHT silicone business with ICM Silicones Group
could not be a better fit.

Quarles & Brady acted as legal advisors and Alantra, Boston, acted as
financial advisors to CHT Group on the transaction. It has been agreed
between seller and buyer that terms will not be disclosed.

About CHT Group

The CHT Group, a medium-sized global player and “hidden champion” for
speciality chemistry, is active worldwide in development, production and
sales. The CHT Group’s headquarters is located in Tübingen, Germany.

CHT products improve the quality, the functionality and the performance
of textiles, building materials, colours, coatings, papers and
agrochemicals as well as cleaning and care products for the field of
consumer goods industry.

By bundling the strengths of the entire group, innovative products,
applications or processes are constantly in development. Highly
qualified specialists work in top equipped laboratories for development,
analysis and application engineering in order to develop ideas and
solutions that meet with the most modern requirements.

The CHT Group with its own production and sales locations is represented
by more than 20 companies worldwide. In the financial year 2016, the CHT
Group generated a group turnover of 420 million Euros with around 1,900
employees.

For more information please visit us at www.cht.com.

About ICM Silicones Group:

The ICM Silicones Group consists of three specialist silicone
compounders, ICM Products, Quantum Silicones, and ACC Silicones, with
locations in the United States, United Kingdom, Italy and China.

Silicone expertise across the group extends to emulsions, antifoams,
micro beads, gums, gels, fluids, adhesives, potting compounds and
encapsulants, elastomers and thermal interface materials. The group is
focused on supplying these products to the aerospace, automotive,
electronics, LED, renewable energy, molding, food and chemical
processing, personal care industries.

Extensive technical resources are shared throughout the group, thereby
providing ICM’s customers with a wealth of product and application
knowledge backed up by state of the art testing facilities. ICM’s
production facilities are as versatile as the silicone we produce,
offering custom formulations that meet ICM’s customers’ needs and
expectations.

You can find more information about the ICM Silicones Group online at www.icm-silicones.com.

Contacts

CHT Group
Dr. Annegret Vester
Head of Marketing & Corporate
Communications
+49 7071 154 423
annegret.vester@cht.com