IGM Resins, a provider of energy-curing raw material solutions, has acquired Litian, a Chinese manufacturer with 23 years’ experience in the energy-curing resins market.
According to the company, the acquisition is an important step in IGM Resins’ “Go, Grow, Green” strategy, which is designed to enable the company to further expand its global footprint, strengthen its supply chain, and enhance its position in energy-curing solutions with a combined product portfolio.
Specifically, IGM now has three distinct product lines: photoinitiators, energy-curing resins and additives. The company says the transaction also supports IGM’s backward integration of key raw materials, while also reinforcing its presence in Asia and underlining IGM’s commitment to sustainability.
Litian has 185 employees who are all based at the site in Rudong, Jiangsu province, China.