Altivia acquires Axiall’s specialty phosgene derivatives business

Altivia acquires Axiall’s specialty phosgene derivatives business

11:25 AM, 11th September 2015
Altivia acquires Axiall’s specialty phosgene derivatives business
J Michael Jusbasche, CEO of Altivia. (File photo).

HOUSTON, US: Altivia Corporation said that it has signed a definitive agreement to acquire the specialty phosgene derivatives business’ assets from Axiall Corporation. The transaction includes Axiall’s chemical production facilities located in La Porte, Texas. As part of the acquisition, Altivia will hire the 120 employees who operate the facility.

The La Porte chemical plant is the largest North American production facility of merchant phosgene derivatives, including chloroformates and acid chlorides, which are products utilized in agricultural, pharmaceutical and industrial applications, Altivia said.

The La Porte facility also includes several trains of specialized reactors to conduct continuous as well as batch reactions, utilizing on site produced phosgene.

“This acquisition creates sufficient scale to enable Altivia to compete globally. We now have state of the art facilities with an excellent safety record and an experienced research and development team that will enable us to produce new products for specialized applications,” said J Michael Jusbasche, CEO of Altivia.

“As we refine our portfolio, we are pleased to reach an agreement with Altivia, where we believe our phosgene business will be a better strategic fit,” said Axiall president and CEO Paul Carrico.

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