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The transaction includes the Accurel® brand product produced in Obernburg (Bavaria, Germany), as well as the Obernburg production facility with approximately 25 jobs that will be retained.
Palmer Holland’s new territory will comprise the Midwest, Southeast, and East Coast regions.
According to the company, DSM Engineering Plastics is responding to strong customer demand in high temperature polyamides (PAs) and thermoplastic copolyesters (TPC) with this expansion.
The acquisition of V.Powdertech will bring new technologies and services to complement AkzoNobel’s global technology portfolio and business in market segments such as architectural and automotive coatings, the company stated.
Under the terms of the agreement, ADI will acquire CMR’s intellectual assets related to proprietary and multi-client studies, conferences, training and development, publications, and research services.
According to the company, AkzoNobel is the only company to produce a high strength, high purity NaSH at 60 percent concentration, which means the product qualifies as an eco-premium solution, offering advantages in terms of energy efficiency, emissions, and waste water.
Palmer Holland will become the sole regional distributor in North America for Clariant's performance additives, flame retardants, and waxes.
The site in Charleston, S.C. includes six production units, where approximately 90 employees manufacture phosphorus chloride plus numerous derivative products such as flame-retardants and intermediates for the agrochemical industry.
The division is dedicated to plastic pigment technology for coatings, which provides heat resistance, UV durability, and chemical resistance.
WACKER stated that is cooperating with leading scientists to tap the potentials of cyclodextrins, as the plant-based sugar molecules offer a novel and environmentally sound alternative to many traditional materials.