Italmatch to Buy Solvay’s Desalination Business

Italmatch to buy Solvay’s desalination and acid based water additives business

Italmatch is involved in the production and marketing of performance additives for various sectors, such as lubricants, water and oil treatment, as well as plastics, and with the latest deal the company aims to boosts its presence in the water management additives business segment.

The deal is a part of Italmatch's strategy to expand its business.

Under the deal, all the products, trademarks, patents and client base of Solvay's desalination as well as phosphonates and phosphonic acid-based water additives business will be transferred to Italmatch.

The deal is expected to be completed by the end of this month.

Italmatch Chemicals Group chief executive officer Sergio Iorio said: "The signed agreement proves our commitment in pursuing a strong expansion strategy through not only internal growth, but also strategic acquisitions.

"Thanks to this agreement, we will be able to expand our water management additives product range and enter into new market segments, such as the Middle Eastern thermal desalination markets, exploiting Solvay's long-standing experience and know-how in the field, combining and leveraging upon Italmatch expertise in reverse osmosis plants."

In 2014, Italmatch closed the acquisition of Naples-based GRS Chemical Technologies, which deals with low and high molecular weight polymers, as well as fuel additives.

Source: Chemicals Technology

Read More Related Content On This Topic - Click Here