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GREAT LAKES ACQUIRES NON-STAINING ANTIOXIDANTS BUSINESS FROM FLEXSYS AMERICA
05 December 2002 - Great Lakes Chemical Corporation
| Great Lakes Chemical Corporation has acquired Flexsys America’s non-staining phenolic antioxidants business that includes process technology associated with Santonox TBMC, Santovar TAHQ, and Santowhite BBMC. |
Great Lakes Chemical Corporation has acquired Flexsys America’s non-staining phenolic antioxidants business that includes process technology associated with Santonox TBMC, Santovar TAHQ, and Santowhite BBMC. Great Lakes will market these products under its established line of Lowinox non-staining antioxidants, which protect against oxygen degradation and discoloration during processing. Terms of the deal were not disclosed. Mark Bulriss, Great Lakes Chairman, President, and CEO, stated, “This deal fits well within our strategy to grow our polymer stabilisers business and immediately expands the customer base for our Lowinox line of non-staining and non-discolouring antioxidants. In addition to illustrating our ongoing commitment to providing quality products for the polymer industry, this acquisition provides additional opportunities to better serve the needs of our customers through increased efficiencies.” Great Lakes will increase production at its facilities in Catenoy, France, and Waldkraiburg, Germany, to meet the increased demand. Due to its resistance to thermo-oxidative degradation, the Lowinox line of phenolic antioxidants are suited for use in a wide range of applications from thermoplastics and adhesives to HDPE and LDPE that produce items such as water and gas pipes, high voltage cables, tapes and adhesives, and tyre cord.
http://www.pa.greatlakes.com
About: Great Lakes Chemical Corporation
Great Lakes Chemical Corp’s products and services help treat and purify water, eliminate germs and contaminants from household surfaces, protect against and extinguish fire, and enhance the stability and performance of a wide range of consumer products, such as computers, electronics, cars, packaging, building materials, and furniture. It serve its customers around the world through an integrated network of research, production, sales, distribution and technical services facilities. The stock of the company is traded on the New York Stock Exchange. Great Lakes Chemical Corporation is the world’s leading producer of certain specialty chemicals for such applications as water treatment, household cleaners, flame retardants, polymer stabilizers, fire suppression, and performance chemicals. Through its Polymer Additives division, Great Lakes offers a full line of UV stabilizers, antioxidants, additive blends , nucleating agents/clarifiers, and optical monomers, as well as a leading line of flame retardants that include bromine-, phosphorus-, and antimony-based flame retardants and other synergists. These are available as powder blends or in NDB (No Dust Blend) granular form. Each blend contains exactly the correct composition of additives required to achieve optimum polymer quality and productivity. |
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