 "Italmatch Chemicals buys Solvay's desalination and water additives business")
Italmatch Chemicals, 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 to acquire Solvay’s desalination and phosphonates and phosphonic acid-based water additives business.
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.
“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,” said Sergio Iorio, chief executive officer of Italmatch Chemicals Group.
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).
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.
