Polish surfactants producer PCC Exol buys US-based PCC Chemax

29 January 2013 13:28  [Source: ICIS news]

LONDON (ICIS)--Surfactants producer PCC Exol has signed an agreement to acquire US-based specialty chemical additives developer PCC Chemax, the Polish company said on Tuesday.

PCC Exol will pay its parent group, Germany-based chemicals, energy and logistics group PCC, zloty (Zl) 39.4m ($12.6m, €9.4m) for 100% of the Piedmont, South Carolina-based firm, it added.

“This transaction expands our product portfolio, strengthens our research and development, provides access to new technologies and gives us a presence in North America,” PCC Exol said in a statement.

Preliminary financial data showed PCC Chemax had a net profit of $1.1m on sales revenues of $26.1m in 2012, PCC Exol said.

PCC Chemax, founded in 1973 as Chemax, provides solutions in areas including polymer additives, metalworking, metal cleaning, textile additives and corrosion protection.

PCC Exol, headquartered in Brzeg Dolny, southwestern Poland,  is a manufacturer of anionic, non-ionic and amphoteric surfactants.

Surfactants are used in household chemicals and personal care items, textiles, wetting agents, emulsifiers and many other products.       

($1 = €0.74, $1 = Zl3.12, €1 = Zl4.20)

By: Will Conroy
+44 20 8652 3214

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly