US-based leading speciality chemicals firm Gabriel Performance Products has acquired a selected portfolio of alkyd resins from Deltech Resin.
Terms of the transaction were not disclosed. The acquisition included a subset of Deltech’s alkyd resin product line, which will now be manufactured at Gabriel’s facility in Harrison City, Pennsylvania.
At the Harrison City facility, Gabriel currently produces Ranbar alkyd resin technology.
Deltech manufactures speciality alkyds and other products for the coatings market. The company expects no changes to its facility in New Cumberland, West Virginia.
Gabriel manufactures a line of speciality proprietary products focused on CASE and custom-developed chemicals using complex chemistries and processes.
The company has been expanding its product line through recent acquisitions. The Deltech transaction is Gabriel’s fifth acquisition since 2014.
Gabriel’s recent agreements include its 2017 acquisition of Ranbar Electrical Materials, a custom manufacturer of speciality resins, varnishes and coatings materials.
In April 2018, Gabriel acquired Royce International, a custom solutions provider of speciality epoxy resins, diluents, curing agents, and additives.
Serving speciality chemical markets with scalable, customised solutions since 1955, Gabriel was acquired by Audax Private Equity in 2014 and has since focused on extending its product portfolio, manufacturing capabilities and solutions to better serve more than 1,000 customers worldwide.
Last November, Gabriel launched a new brand messaging platform and website to help communicate its product and service offerings to its customer base.
Source: Chemicals Technology
The investment enables the steam cracker to increase the share of renewable and recycled raw materials used in its (ethylene and propylene) production. The move supports the Borealis Strategy 2030 for a circular economy. The Porvoo investment program is expected to be completed in 2025.
Murray Auchincloss, bp’s CEO, said in a statement: “As I set out in February, BP’s destination from IOC [international oil company] to IEC [integrated energy company] is unchanged – and we need to deliver as a simpler, more focused, and higher-value company.
Founded in 1972, Tecnofilm has expanded its product portfolio over the years to offer a wider range of compounds and functional polymers for various industrial applications and technical articles. The company has patented several of its products.
