20 July 2018
DETAILS
AkzoNobel Specialty Chemicals finalized an agreement today
to acquire Brazilian firm Polinox,
South America’s leading producer of ketone peroxides,
essential in the manufacture of polymers.
The acquisition will expand
the company’s footprint in South America,
and establish it as one of the region’s leading producers
of curing systems for polyester thermoset resins.
The sale is expected to close in the fourth quarter of 2018.
The company will acquire Polinox’s brands and trademarks,
which include Brasnox®, Perbenzox® and TecnoxSuper®,
as well as its customer list and production knowhow.
AkzoNobel Specialty Chemicals will invest
to add capacity in its own site
at Itupeva, Brazil
and transfer manufacturing there after the expansion is completed.
Johan Landfors,
Executive Committee Member responsible for Polymer Chemistry
“Our business is on a growth trajectory,”
“Over the past three years,
we have invested more than €180 million
to better serve our customers, upgrade technologies,
increase capacity, and reposition our global manufacturing footprint.
The acquisition of Polinox presents a great opportunity
to further strengthen our presence
in the South American market.”
Werner Fuhrmann,
CEO of AkzoNobel Specialty Chemicals
“This is an exciting opportunity to further expand our position
in an important growth market.
Making smart, strategic acquisitions
is another key element of our strategy
to invest to grow with our customers.”
Roberto Pontifex
Managing Director Pontifex
“It is very gratifying to look back over the years
and think about everything
that we were able to accomplish here at Polinox,”
“AkzoNobel Specialty Chemicals is highly respected
in South America, and I am excited to know
that Polinox will play a part in its growth ambitions.”
Click here for more information about AkzoNobel Specialty Chemicals’ recent growth projects.
WWW.CHEMWINFO.COM BY KHUN PHICHAI
