Mutares SE & Co. KGaA (Mutares) is a Munich-based, publicly listed industrial holding company that acquires and develops medium-sized businesses, typically through corporate carve-outs and special situations. The firm applies hands-on operational restructuring and buy-and-build strategies to improve performance across Europe and internationally.
Relevant to the chemical sector, Mutares invests in industrial and materials businesses, including companies active in polymers, engineered materials, and manufacturing operations linked to the chemicals and plastics value chain. Its portfolio spans Automotive & Mobility, Engineering & Technology, and Goods & Services, where it focuses on operational improvement and strategic repositioning prior to exit via trade sale or listing.
Divestment narrows Symrise focus under ONE Symrise; AmeriTerpenes to remain a US-based supplier of renewable terpene ingredients with continued commercial links and confidential financial terms.
Sale of ETP assets for $450 million improves EBITDA margin ~130–140 bps and removes a loss-making unit from the portfolio.
The divestments aim to optimize the portfolio, enhance cash flow, and focus on high-margin markets, while maintaining strategic access and customer service.
