Solvay to acquire ERCA industrial assets in Brazil to accelerate its growth in Latin America
(Thomson Reuters ONE) -
Brussels, November 22, 2013 --- Solvay announces it has agreed to acquire the
specialty chemical assets of ERCA Química, Ltda. in Brazil. This will allow the
Group to more than double its production capacity in surfactants in Brazil and
to serve customers in the agrochemicals, home & personal care, coatings, mining
and oil & gas markets.
The investment will give Solvay's Novecare business unit greater access to one
of the world's largest personal care and agrochemicals markets and which are
growing at a double-digit pace. In addition, it strengthens its commercial
network, closeness to customers and innovation pipeline.
The transaction includes ERCA's local specialty chemical assets and its
portfolio of agrochemicals and home & personal care products. Located at Itatiba
city in the state of Sao Paulo, Brazil, these new industrial assets will give
Solvay the scalability to expand further to meet growing demand. Novecare will
deploy its leading position in several technology platforms, especially in
developing and providing quats, which are the building blocks for an array of
Novecare specialty chemicals and surfactants. In addition, Solvay will enter
into a partnership with ERCA to manufacture their products for their
construction and textile market segments.
"The acquisition of these specialty chemical assets represents an important step
for Novecare to grow in Brazil's dynamic market, expand our technology and
product portfolio, increase production capacity and provide global innovations
to meet the immediate demand of our customers. With a competitive industrial
footprint, we are able to help our customers capture business opportunities and
develop new products and solutions to meet their growth ambitions," said
Emmanuel Butstraen, President of Solvay Novecare.
The completion of the transaction is subject to customary closing conditions,
including Brazilian anti-trust clearance.
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|As an international chemical group, SOLVAY assists industries in finding and|
|implementing ever more responsible and value-creating solutions. The Group is|
|firmly committed to sustainable development and focused on innovation and|
|operational excellence. Solvay serves diversified markets, generating 90% of|
|its turnover in activities where it is one of the top three worldwide. The|
|group is headquartered in Brussels, employs about 29,000 people in 55 |
|countries and generated 12.4 billion euros in net sales in 2012. Solvay SA|
|(SOLB.BE) is listed on Nyse Euronext in Brussels and Paris (Bloomberg:SOLB:BB|
|- Reuters: SOLB.BR). |
| |
|Solvay Novecare is a worldwide leader in specialty surfactants and a major|
|player in polymers, amines, guar, and phosphorus derivatives. Solvay Novecare|
|engineers and develops formulations that provide consumer products and state-|
|of-the-art industrial applications with specific functional qualities designed|
|to modify fluid behavior and deliver cleansing, dispersal, gelling,|
|moisturizing, penetrating, softening or texturizing properties. These|
|formulations are used in shampoos, detergents, paints and lubricants as well|
|as in crop protection, mining and energy production and stimulation. Novecare,|
|which boasts a worldwide network of 25 manufacturing sites and seven R&D|
|centers, has become the preferred partner of its customers in rapidly growing|
|economies and leverages an innovation platform based on sustainable solutions.|
+------------------------------------------------------------------------------+
Lamia Narcisse Caroline Maria Alcon Geoffroy Edward Mackay
Media Relations Jacobs Investor Raskin Investor
+33 1 53 56 59 62 Media Relations Investor Relations
Relations +32 2 264 1984 Relations +32 2 264 3687
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You can find here the press release in PDF:
http://hugin.info/133981/R/1744938/587343.pdf
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Source: Solvay S.A. via Thomson Reuters ONE
[HUG#1744938]
Unternehmensinformation / Kurzprofil:
Datum: 22.11.2013 - 16:00 Uhr
Sprache: Deutsch
News-ID 319623
Anzahl Zeichen: 5335
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Kategorie:
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"Solvay to acquire ERCA industrial assets in Brazil to accelerate its growth in Latin America"
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