Italmatch Chemicals acquires specialty chemicals company
GENOA, Italy — Italmatch Chemicals, a global specialty chemical group with leadership in the production and marketing of performance additives for industrial lubricants, water & process treatment, oil & gas, and plastics, has acquired Detrex Corporation, an American company headquartered in Cleveland (Ohio) and specialized, through its subsidiary The Elco Corporation, in the production of high performance lubricant additives, for industrial applications and high purity hydrochloric acid.
The acquisition is coherent with the internationalization process undertaken by the Group in the last years, with a particular focus on the American market, and confirms the aim of expanding and broadening current production portfolio.
The transaction follows the recent acquisition of Sudamfos do Brasil, a leading Brazilian distribution company, specialized in marketing of phosphonates, phosphates and other special chemical products and approximately one year after the acquisition of Compass Chemical International, a chemical company independent of North America, leader in the production and marketing of special additives for water and oil & gas treatment.
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