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)