Milliken acquires SiVance in US

Milliken acquires SiVance in US

12:30 AM, 8th October 2011
Milliken acquires SiVance in US
Joe Salley, President & CEO, Milliken.

 

SPARTANBURG, US: Milliken & Company announced it has completed the acquisition of SiVance LLC, a privately-held provider of specialty silane, silicone and siloxane intermediates located in Gainesville, Florida. SiVance, which will become a subsidiary of Milliken & Company, will complement Milliken’s existing portfolio of specialty performance chemicals. In total, approximately 150 associates are joining Milliken following the acquisition.

“This acquisition will immediately expand our market space for the chemical division while also building on Milliken’s commitment to innovation, technology and sustainability,” said Joe Salley, President & CEO, Milliken.

“The acquisition of SiVance gives Milliken new technical and innovation capabilities and will enable us to deliver additional products that bring value to customers. These specialized silicone-based technologies will expand and enhance our current offerings and market applications,” said John Rekers, President, Chemical Division, Milliken.

© WOC News

 

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