Product category:
Materials and components
News Release from: Chemtura
Edited by the Engineeringtalk Editorial
Team on 10 December 2002
Acquisition expands antioxidant lineup
Great Lakes Chemical Corp has acquired Flexsys America's nonstaining phenolic antioxidants business.
Great Lakes Chemical Corp has acquired Flexsys America's nonstaining 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 nonstaining antioxidants, which protect against oxygen degradation and discolouration during processing
This article was originally published on Engineeringtalk on 5 Jun 2006 at 8.00am (UK)
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Chemtura Corporation is increasing the prices of the neat portion of its aluminium alkyl products by approximately 30%.
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 nonstaining and nondiscolouring 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 tire cord.
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