Tenachem SIA was established in 2008, as a daughter company of TENAX SIA and since then has expanded to become one of the leading European manufacturers of sealants for the glass industry, the largest sealant producer in the Baltics. Tenachem supplies its products to a number of large, international glass processing firms. The company’s strong position is due to its pioneering R&D and its ultra-modern production facility located in Dobele, around 70 kilometers from Riga. The company is strongly export-oriented and its home market is North – East Europe. Tenachem has 73 employees in Latvia and currently is exporting 95% of its products in around 40 countries worldwide.
In July 2015 TENACHEM was acquired by Soudal NV. http://www.soudalgroup.com/en/corporate-info/news/
For Soudal, this acquisition marks a further expansion of its technical expertise in a market segment in which its activities had, until now, been limited. Tenachem will be an important knowledge and production center to support the growth that the Soudal Group wishes to achieve over the next few years in this segment of the construction industry, and it will be further developed as the center of excellence for Glass sealants of the Soudal Group. With this investment, Soudal and TENACHEM have increased the mutual expertise in the technical sealants market, allowing it to offer a broader range of products to its customers. With 44 branches and sales in 120 countries across the world, Soudal offers the perfect springboard for marketing Tenachem products globally.
In its 2014 annual report, Soudal recently announced growth in revenue of 15.4% to EUR 565 million. With the addition of the Tenachem production facility, Soudal now has 14 factories across the world with around 2,300 employees.