Borchers GmbH
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Borchers GmbH - overview
Established
1807
Location
Langenfeld, -, Germany
Primary Industry
Chemicals
About
Borchers GmbH, a subsidiary of Milliken & Company, specializes in advanced coating additives, providing innovative solutions to enhance the performance and durability of coatings across diverse industrial applications. Borchers GmbH, founded in 1807, operates in Langenfeld, Germany, focusing on the development of coating additives. In January 2020, the company was acquired by Milliken & Company from The Jordan Company, marking a strategic pivot in ownership without any reported changes in business operations. The company maintains a global presence with offices in North America, Europe, and Asia, catering to various sectors, including automotive and packaging.
Borchers specializes in the production of advanced coating additives designed to improve the performance of coatings. Their portfolio includes high-performance catalysts, anti-skinning agents, wetting and dispersing agents, rheology modifiers, and anticorrosive additives, intended for use in automotive, architectural, packaging, and industrial applications. These products are engineered to optimize drying times, enhance color strength, and ensure superior adhesion, addressing the needs of manufacturers seeking to improve the reliability and aesthetic appeal of their coatings. In the most recent fiscal year 2021, Borchers reported revenue of USD 92.
35 mn and an EBITDA of USD 27. 48 mn. The company primarily generates revenue through B2B transactions, serving manufacturers and industrial clients with specialized coating solutions, facilitated by partnerships with distributors and direct sales to customers. Borchers is focused on expanding its product offerings and entering new markets.
While specific upcoming products have not been disclosed, the company aims to leverage recent investments from its acquisition by Milliken & Company completed in January 2020 to support these initiatives. The company is particularly interested in strengthening its presence in emerging markets across Europe and Asia by 2023, enhancing its distribution capabilities and product development efforts.
Primary Industry
Chemicals
Sub Industries
Adhesives & Sealants, Paints & Coatings
Website
www.borchers.com
Verticals
Manufacturing
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Borchers GmbH - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Nov 30, 2020 | Nov 30, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 903,627,274.057 | 38,552,403 | 36,245,134 | 34,523,620 | 36,294,321 | 43,901,196 | 45,182,764 | 50,356,198 | 52,786,256 | - | - | - |
| % Revenue Growth (YoY) | - | (95.7%) | (6.0%) | (4.7%) | 5.1% | 21.0% | 2.9% | 11.5% | 4.8% | - | - | - |
| EBITDA (USD) | 133,464,529.442 | 4,248,566 | 3,374,854 | 111,870 | (1,758) | 8,091,152 | 11,189,945 | 10,341,388 | 9,495,613 | - | - | - |
| Operating Income (USD) | 92,614,081.904 | 3,900,521 | 3,151,404 | (5,634) | (115,243) | 7,985,520 | 11,084,122 | 10,208,698 | 9,364,063 | - | - | - |
| Operating Margin | 10.2% | 10.1% | 8.7% | (0.0%) | (0.3%) | 18.2% | 24.5% | 20.3% | 17.7% | - | - | - |
| % EBITDA Margin | 14.8% | 11.0% | 9.3% | 0.3% | (0.0%) | 18.4% | 24.8% | 20.5% | 18.0% | - | - | - |
| NET Income (USD) | 59,191,125.761 | 2,829,860 | 2,240,938 | - | - | 8,085,524 | 11,156,372 | 7,154,777 | 9,476,877 | - | - | - |
| % Net Margin | 6.6% | 7.3% | 6.2% | - | - | 18.4% | 24.7% | 14.2% | 18.0% | - | - | - |
Borchers GmbH - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Borchers GmbH | - | ||||||||
| Buyout | Completed | Borchers GmbH | - |
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