Valtris acquire polymers & coatings additives maker Akcros

Valtris to acquire polymers & coatings additives maker Akcros

11:07 AM, 22nd April 2016
Valtris to acquire polymers & coatings additives maker Akcros

MIAMI, US: Valtris Specialty Chemicals, a portfolio company of H I G Capital said it has acquired Akcros Holdings Ltd, a provider of specialty chemicals used as additives in the production and processing of polymers, paint, and coatings with operations in both Europe and North America.

Akcros is well known to its customers for is strong R&D capabilities, customer service orientation and breadth of product offering. Akcros has two primary manufacturing sites in Eccles, UK and New Brunswick, NJ with additional production capability in Mumbai, India and Guangzhou, China. The acquisition of Akcros will provide additional manufacturing capabilities, increased product breadth and a global presence helping Valtris expand as a leading global player in the polymer additives industry.

“Akcros is a highly strategic and complementary acquisition for us, providing new and multiple avenues for growth. There are significant opportunities to enhance our product offerings. In addition, Valtris will now be a leading player not only in North America but also in Europe, a major goal of ours,” said Paul Angus, CEO of Valtris.

“Strategically, Akcros will benefit from being part of a larger polymer additives platform and we are looking forward to expanding Valtris’ capabilities to grow the overall business on a global level,” said Richard Catchpole, CEO, Akcros.

Akcros was advised by CIM Partners, Gately PLC and Grant Thornton on this transaction.

© Worldofchemicals News



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