Canada’s KIK sees Chemtura consumer deal as big growth driver: CEO

03 January 2014 15:02  [Source: ICIS news]

HOUSTON (ICIS)--The $300m (€219m) acquisition of Chemtura’s consumer products business marks a major growth driver for Canada’s KIK Custom Products, the company’s CEO said on Friday.

KIK and US specialty chemicals firm Chemtura completed the deal on 31 December.

This acquisition marks a major step in the strategic growth of our company, said KIK CEO Jeff Nodland.

With the acquisition, KIK will create a portfolio of household, pool and spa care, and pool specialty products, he added.

The deal includes Chemtura’s US-based BioLab’s pool products businesses in North America, South Africa, Australia and New Zealand, its European division known as Bayrol, as well as its household care business in North America, along with manufacturing plants in Conyers, Georgia; Lake Charles, Louisiana; and Atlantis, South Africa.

KIK entered the pool care business in 2011 with the acquisition of US-based Chem-Lab Products.

KIK’s product lines include bleach, household cleaners and sanitizers, pool and spa water treatment and pool specialty products, as well as personal care, over-the-counter medicated and pharmaceutical products.

The Toronto-based company has annual sales of more than $1.6bn and employs a staff of 3,600 worldwide.

($1 = €0.73)

By: Stefan Baumgarten
+1 713 525 2653

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