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Acquisition of surfactant business completed

Innospec Inc. announced on December 30 that it has completed the acquisition of the European Differentiated Surfactants business from Huntsman in line with the agreement announced in August.

The business is currently managed from Belgium, and has manufacturing assets in France, Italy and Spain. With sales revenues of around $230 million, the business employs approximately 430 people. Innospec will integrate the acquisition into its Performance Chemicals business. The chemistries and products that the acquisition bring are entirely complementary to Innospec’s existing portfolio offering formulators both  choice and expertise across the range of personal care and home care surfactant technologies.

Patrick S. Williams, President and CEO of Innospec Inc. said: “We are very pleased that the acquisition has been completed, and in a relatively short time for such a complex project. This delivers on our commitment to build a larger Performance Chemicals segment and  creates a balanced portfolio of strategic businesses under Innospec’s ownership. We enter 2017 in good shape to continue to grow, and deliver value to customers, employees and shareholders.” 

Bruce McDonald, President of Performance Chemicals at Innospec added: “We are delighted to welcome the new employees to Innospec, and we look forward to working with our customers and offering a much wider range of products and technologies.”

See more about Innospec

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Upcoming Events

in-cosmetics Global

Paris Expo Porte de Versailles
16th – 18th April 2024

NYSCC Suppliers' Day 2024

Javits Center, New York
1st - 2nd May 2024

9th Anti-Ageing Skin Care Conference

Royal College of Physicians, London
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in-cosmetics Korea 2024

Hall C, Coex, Seoul, South Korea
24th - 26th July 2024

in-cosmetics Latin America 2024

São Paulo, Brazil
25th - 26th September 2024

IFSCC 2024

Recanto das Cataratas Thermas Resort, Iguazu Falls, Brazil
14th - 17th October 2024

Access the latest issue of Personal Care Magazine on your mobile device together with an archive of back issues.

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