ALBEMARLE
Flame retardant business sold to J.M. Huber / Restructuring continues
There appears to be no end to the restructuring efforts undertaken by speciality chemicals group Albemarle (Baton Rouge, Louisiana / USA; www.albemarle.com). After a spate of changes following its purchase of Rockwood Holdings (see Plasteurope.com of 22.01.2015), the company in mid-December announced that it had signed a definite agreement to sell its Mineral Flame Retardants and Specialty Chemicals businesses to J.M. Huber Corporation (Edison, New Jersey / USA; www.huber.com). Financial details of the deal, which is expected to close in early 2016, were not disclosed.

The transaction also includes Albemarle’s Martinswerk (Bergheim / Germany; www.martinswerk.de) subsidiary as well as its 50% stake in Magnifin Magnesiaprodukte, a joint venture with RHI (Vienna / Austria, www.rhi-ag.com) – both businesses identified as non-strategic by Albemarle CEO Luke Kissam.

A manufacturer of aluminium trihydrate (ATH) flame retardants, sold under the “Martinal” brand name, Martinswerk will become part of J.M. Huber’s Fire Retardant Additives unit. The company’s Bergheim-based plant reportedly has capacity to turn out 145,000 t/y. Magnifin, by contrast, is considered to be a specialist for magnesium hydroxide.

Huber has been buying a lot of flame retardant business in the past few years, although to date its purchases had been regionally confined to the US.
22.12.2015 Plasteurope.com [232956-0]
Published on 22.12.2015
Albemarle: Martinswerk wird an Huber verkauftGerman version of this article...

© 2001-2024 Plasteurope.com  |  Imprint  |  Privacy  |  Cookie settings

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2024 by Plasteurope.com, Bad Homburg
Date of print: 25.11.2024 11:01:06   (Ref: 524417910)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp