Please wait.'

Page is loading'


Home  > Markets & companies  > Raw materials market  > Huber acquires Albemarle's Martinswerk Che...

Thursday, 19 September 2019
pdf
Markets & companies, Raw materials market

Huber acquires Albemarle's Martinswerk Chemical Businesses

Thursday, 24 December 2015

J.M. Huber Corporation, through its Huber Engineered Materials (HEM) division, has reached an agreement to acquire the Martinswerk mineral flame retardants and specialty chemicals businesses of Albemarle Corporation.

Martinswerk will become part of HEM’s Fire Retardant Additives (FRA) business unit. Source: Kunstart.net/pixelio.de

Martinswerk will become part of HEM’s Fire Retardant Additives (FRA) business unit. Source: Kunstart.net/pixelio.de

The transaction is subject to customary closing conditions and is expected to close in early 2016.

Part of HEM’s Fire Retardant Additives (FRA) business unit

The Martinswerk businesses will become part of HEM’s Fire Retardant Additives (FRA) business unit. The following product groups are included in the acquisition:

  • "Martinal” precipitated and ground alumina trihydrate
  • "Magnifin” premium precipitated magnesium hydroxide

A variety of specialty chemical products

  • "Martifin” specialty hydrates for paper
  • "Martoxid” aluminum oxide primarily for ceramics
  • "Pergopak” flatting agents primarily for coatings
  • "Compalox” granulated activated alumina

Complementing the existing portfolio

Acquiring these product lines complements Huber’s existing portfolio of fire retardants and smoke suppressants while expanding its geographic presence and reach globally.  As part of this transaction, Huber will also acquire a 50% position in Magnifin, a joint-venture at Breitenau, Austria, which produces magnesium hydroxide.

Fourth and largest addition

The acquisition marks the fourth and largest addition to HEM’s Fire Retardant Additive business in the last five years and is another exciting step in the unit’s continued growth.  Earlier this year, Huber purchased the "Safire” nitrogen and phosphorous flame retardant technology from Floridienne Group and Catena Additives.  In 2012, Huber bought the specialty hydrate flame retardant business from Almatis and in 2010, the Kemgard® flame retardant and smoke suppressant business from Sherwin Williams.

top of page
Comments (0)
Add Comment

Post comment

You are not logged in

register