Italmatch buys Solvay’s phosphorus-based water additives business

Italmatch buys Solvay’s phosphorus-based water additives business

11:46 AM, 13th January 2016
Italmatch buys Solvay’s phosphorus-based water additives business

MILAN, ITALY: Italmatch Chemicals Group said that it has entered into an agreement for the acquisition of Solvay’s desalination, phosphonates and phosphonic acid-based water additives business.

The transaction is expected to close by the end of January.

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

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 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,” said Sergio Iorio, CEO of Italmatch Chemicals Group. “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.”

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