AkzoNobel finalised the acquiring of Brazilian ketone peroxide producer Polinox. The acquisition will be completed in the forth quarter of this year. The presence of AkzoNobel will expand in South America making it one of the leading producer for curing system which is utilized for polyester thermostat resin.
AkzoNobel has invested €180 million in past three years to serve their customer base better through constant innovation, technology update, increasing capacity. The deal says the production know how and the customers list will also be acquired. And some of Polonox brands and trademarks such as, Brasnox, Perbenzox and TecnoxSuper will be acquired by AkzoNobel as deal closes. This will positively impact the presence of AkzoNobel and help improve their global visibility.
The CEO of specialty chemicals AkzoNobel quoted“This is an exciting opportunity to further expand our position in an important growth market. Making smart, strategic acquisitions is another key element of our strategy to invest to grow with our customers.”
About Polinox – Polinox is amongst some major players in peroxides market. It has manufacturing plant in Itupeva, São Paulo producing up to 360 tons of peroxides. It has largest catalog of peroxides in the region. There are around 40 formulations divided between MEKP, BPO, AAP, TBPB, CHP and blends, assuring total choice so that the molder can pick the product that suits the process.
About AkzoNobel – AkzoNobel is dutch company that manufactures specialty chemicals and performance coating. Some of its brands include Dulux, Interpon, sickens. Innovations plays a major role for them and they strive to meet the expectations and needs of customers keeping environment in mind.
– Vasundhra Singh,
Assistant Research Executive,