Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 CI SET TO ACQUIRE - Coatings World

What are you searching for?

Sign in
Suppliers News

CI SET TO ACQUIRE

Author Image

By: KERRY PIANOFORTE

Editor, Coatings World, Coatings World

ICI SET TO ACQUIRE
EMULSION POWDERS BUSINESS
ICI has agreed to acquire the Celanese
emulsion powders business for $25.5
million. The Frankfurt, Germanybased
business recorded sales of €32
million and operating profit of €1.9
million 2004 and has approximately
50 employees.
This will be the first significant
bolt-on acquisition made by ICI in several
years. It will strengthen National
Starch’s Elotex business unit and create
the opportunity for significant synergies
between the two businesses,
according to the firm. Elotex, which is
part of National Starch and
Chemical’s speciality polymers division,
is a producer of polymeric additives
used to enhance the properties of
building materials such as ceramic tile
adhesives, repair mortars, grouts, floor
screeds and wallpaper adhesives. The
acquisition of the Celanese emulsion
powders business will extend the
range of Elotex’s end markets and
applications and will provide additional
growth opportunities and increased
geographic coverage. The transaction
is expected to be completed in the
third quarter.

Add us as a preferred source on Google

Get the latest Coatings World news, insights and analysis in your Google Search and AI experiences.

Add Coatings World as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Coatings World Newsletters

Topics