Gabriel Performance Products Llc, a US-based specialty chemicals company, has acquired InChem Corporation’s proprietary phenoxy resin business. Phenoxy resins, which are distinguished by their clear, tough and flexible characteristics, are used in coatings, inks, composites, tires, carbon fibres, and numerous other products.
InChem’s phenoxy resin product line includes solid resins in pellet and powder form, waterborne, and solvent solutions. These products are sold both directly and through distributors to customers in the US, Europe, and Asia.
“The acquisition of InChem’s phenoxy resin business is a significant milestone in Gabriel’s strategy to expand our specialty proprietary product offering within the coatings, adhesives, sealants, and elastomers (CASE) markets. The acquisition expands our research & development, laboratory, technical, production and commercial capabilities. We enthusiastically welcome the phenoxy team members to Gabriel and look forward to working together to grow the business,” said Seth Tomasch, CEO of Gabriel Performance Products.
Steve Crownshaw, president of Inchem Corp, added, “We are excited to see Gabriel and the Phenoxy business come together, enabling the phenoxy business to accelerate growth through Gabriel’s focus on the CASE market, and will allow the Inchem organisation to execute its strategy of providing toll and custom manufacturing solutions to the marketplace.”
InChem’s phenoxy resin business brings an experienced sales, operations, technical team members, and long-term customer relationships. Following the transaction, InChem’s Rock Hill facility will serve as Gabriel’s second production plant. The acquisition follows Gabriel’s recently announced acquisition of the BASF Versamid polyamide curing agent product line.
