Milliken & Company finalises the acquisition of Borchers
Borchers is known for its coating additives and specialty catalyst solutions from The Jordan Company, L.P. The transaction officially closed on Tuesday, January 28, 2020.
“When great teams come together, big things happen,” stated Halsey Cook, Milliken & Company president and CEO on closing the deal. “I’m excited to combine Borchers’ capabilities with Milliken’s long-term view and focus on innovation and sustainability.”
“Borchers brings expertise, products and customer knowledge in the paint and coatings industry,” commented Russ Rudolph, senior vice president, Milliken’s Coating Additives Business. “Combined with Milliken’s commitment to investment in long-term sustainable innovation and specialty chemicals global reach, this acquisition will accelerate solutions for the markets and customers we serve.”
As Borchers integrates into Milliken, daily operations is supposed to continue without interruption, including relationships with existing suppliers and customers.