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Leather chemical specialist TFL acquired by Black Diamond Capital

4:41 AM MDT | September 12, 2013 | Francinia Protti-Alvarez

Black Diamond Capital Management (Greenwich, CT) has acquired TFL (Weil am Rhein, Germany), a producer of specialty chemicals for the leather industry, Black Diamond has announced. No financial details have been disclosed, but media reports from earlier this year say that TFL was seeking a price of about €200 million ($265.5 million). TFL operates subsidiaries across three continents and has production facilities in Argentina, Brazil, China, France, India, and Italy. The company has about 950 employees. "This transaction significantly...

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