Sector News

Italmatch Chemicals to buy Solvay unit

January 13, 2016
Chemical Value Chain

Italmatch Chemicals Group has entered into an agreement for the acquisition of Solvay’s desalination and phosphonates and phosphonic acid-based water additives business.

The transaction is consistent with Italmatch Chemicals Group’s growth strategy and strengthens its position as a leading global supplier of water management additives, traded under Dequesttm brand name.

Italmatch Chemicals Group, a global leading chemicals group specialising in the manufacturing and marketing of performance additives for lubricants, water & oil treatment, and plastics, entered into an agreement with Solvay, an international chemical and advanced materials company based in Brussels, for the acquisition of Solvay’s desalination and phosphonates and phosphonic acid-based water additives business.

In particular, the agreement covers the acquisition of all products, trademarks, patents and client portfolio from the division of the Belgian chemicals group, which boasts a 30-year experience in phosphonate-based technology as well as other chemistries.

This transaction is consistent with Italmatch Chemicals Group’s growth strategy, to further strengthen the company’s position as a leading global supplier of water management additives. It comes one year after the takeover of Naples-based GRS Chemical Technologies, a centre of excellence for low / high molecular weight polymers and fuel additives, completed in December 2014.

“The signed agreement proves our commitment in pursuing a strong expansion strategy through not only internal growth, but also strategic acquisitions,” stated Sergio Iorio, chief executive officer of Italmatch Chemicals Group.

“Thanks to this agreement, we will be able to expand our water management additives product range and enter into new market segments, such as the Middle Eastern thermal desalination markets, exploiting Solvay’s long-standing experience and know-how in the field, combining and leveraging upon Italmatch expertise in reverse osmosis plants” concluded Mr Iorio.
The transaction is expected to close by the end of January 2016.

Italmatch Chemicals is a leading innovative chemicals group, specialising in performance additives for lubricants, water & oil treatment, and plastics, and boasts a wide range of specialty chemicals able to fulfil the requirements of the most demanding applications, including personal care.

The group generates 280 million euros in revenue and operates through six manufacturing plants in Europe (Italy, Spain, Germany and UK) and four in Asia Pacific (China and Japan), and sales/distribution subsidiaries in Belgium, Poland, Japan, Singapore India, China and the USA. The company has a global presence and over 450 employees.

Ardian, the largest European independent private investment company, acquired the majority of Italmatch Chemicals together with the management from Mandarin Capital Partners in July 2014, and is committed to support the company’s growth.

Source: Italmatch

comments closed

Related News

May 15, 2022

New York’s EPR and packaging reduction bills lauded as game-changers in plastic pollution battle

Chemical Value Chain

The US State of New York is introducing two new bills to combat over-packaging, poor recycling rates and litter issues, including an Extended Producer Responsibility (EPR) program requiring companies such as McDonald’s and Amazon to pay for the cost of packaging disposal and recycling.

May 15, 2022

Borealis and Reclay launch entity focused on lightweight packaging 

Chemical Value Chain

The new organization’s mission is to redesign the critical steps of the plastics sorting and recycling system for post-consumer lightweight packaging (LWP) to speed up circularity, born from a need to meet the rising market demand for high-quality recyclates for use in high-end plastic applications.

May 15, 2022

Starbucks and Hubbub launch reusable packaging fund as COVID-19 diminishes consumer appetite

Chemical Value Chain

Starbucks and Hubbub have launched a £1 million (US$1.22 million) “Bring It Back Fund” to increase the uptake of reusable packaging in the F&B industry. The funding will go toward innovative ideas that make it easier for customers to use alternatives to single-use packaging by supporting pilot projects that help shift consumption habits.