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Home  > Markets & companies  > Raw materials market  > Coatings additives: Protex acquires Chartwell

Tuesday, 24 September 2019
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Markets & companies, Raw materials market

Coatings additives: Protex acquires Chartwell

Friday, 10 October 2014

Protex International further consolidates its position in the field of "speciality additives” which is managed via its Synthron subsidiary by acquiring Chartwell International Inc.

Protex International, via its subsidiary Synthron has a lot of activity in the Paints & Coatings Industry with this range of speciality additives. Source: Christian Pedant/Fotolia
Protex International, via its subsidiary Synthron has a lot of activity in the Paints & Coatings Industry with this range of speciality additiv...

Protex pursues its external growth policy by targeting acquisitions which bring scientific added-value products and expertise that complement existing Group activities. Chartwell started in 1991 its expertise is with the promoters of adhesion and bonding which do not contain silane or volatile organic compounds (VOC). The company offers alternative technologies to silane, which can present problems of stability and hydrolysis. This new acquisition – now joins with the Protex International Group and will offer high-technology products which meet current and future regulations, regarding health and safety, ecology and the environment.

Protex International, via its subsidiary Synthron has a lot of activity in the Paints & Coatings Industry with this range of speciality additives for paints, varnishes and sealants, printing inks: Synthron has a comprehensive range of antifoams, spreading and levelling, agents, substrate wetting agents, dispersing agents for organic and mineral based pigments, catalysts for curing, rheology modifiers, antistatic agents.

There are a lot of synergies and complementary products for both companies: The facilities of Chartwell will be soon transferred to a location in Massachusetts, where Protex Internatonal has an existing production unit. Synthron will increase production capacity at the Auzouer-en-Touraine production unit, making Chartwell products for the European market.

Commercially, both entities have a robust sales force supported by a good distribution network, and Charwell has extensive sales activity in the USA and in also in Asia. Synthron will manage the European business. Both companies will retain separate centres and facilities for R&D, to develop in parallel and in a wil of scientific emulation products always more innovative.

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