Please wait.'

Page is loading'


Home  > Markets & companies  > Raw materials market  > Valtris Specialty Chemicals acquires Akros...

Monday, 16 September 2019
pdf
Markets & companies, Raw materials market

Valtris Specialty Chemicals acquires Akros Chemicals

Monday, 25 April 2016

H.I.G. Capital, a global private equity investment firm with EUR17 billion of equity capital under management, has announced that its portfolio company Valtris Specialty Chemicals has acquired Akcros Holdings Limited.

Valtris Specialty Chemicals acquires Akros Chemicals. Source: Thorben Wengert/pixelio.de

Valtris Specialty Chemicals acquires Akros Chemicals. Source: Thorben Wengert/pixelio.de

Valtris is a leading manufacturer of specialty chemicals primarily used as additives in the production and processing of polymers, sealants, and chemical intermediates and was carved-out of Ferro Corporation by H.I.G. in December of 2014.

Operations in Europe and North America

Akcros Chemicals is 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, U.K. 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.

New and multiple avenues for growth

Paul Angus, CEO of Valtris, said, "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 and provide more value to our customers. In addition, Valtris will now be a leading player not only in North America but also in Europe, a major goal of ours.”

Richard Catchpole, CEO of Akcros, commented, "We are excited to partner with Valtris. Strategically, Akcros will benefit from being part of a larger polymer additives platform and we are looking forward to expanding Valtris’ capabilities to deliver the very best products to our customers and to grow the overall business on a global level.”

Keval Patel, Managing Director of H.I.G. Capital, said, "Akcros is an industry leader in Europe in a number of product lines that are highly complementary to Valtris and has an excellent track record of quality and consistency. We are impressed with Akcros’ talented management team and believe they will thrive as part of the Valtris family. We are pleased to support this acquisition and continue to be excited regarding the Company’s future prospects.”

top of page
Comments (0)
Add Comment

Post comment

You are not logged in

register