Valtris Specialty Chemicals buys Akcros Chemicals
Valtris Specialty Chemicals, a former subsidiary of Ferro Corporation, has acquired the speciality chemicals firm Akcros Chemicals.
Headquartered in Independence, Ohio, Valtris is a manufacturer and supplier of specialty chemicals primarily used as additives in the production and processing of polymers, sealants, and chemical intermediates and was carved-out of Ferro Corporation by private equity firm H.I.G. Capital in December of 2014.
“Akcros is a highly strategic and complementary acquisition for us, providing new and multiple avenues for growth,” said Paul Angus, CEO of Valtris. “There are significant opportunities to enhance our product offerings and provide more value to our customers. In addition, Valtris will now be a leading player not only in North America but also in Europe, a major goal of ours.”
The terms of the purchase have not been disclosed.
Akcros Chemicals makes additives for polymers, paint and coatings. It has two main manufacturing sites in Eccles, UK and New Brunswick, New Jersey, plus additional capacity in Mumbai and Guangzhou.