Milliken & Company Announces Intent to Buy Borchers
SPARTANBURG, SC — Milliken & Co. has signed an agreement to acquire Borchers Group Limited, a global specialty chemicals company known for its high-performance coating additives and specialty catalyst solutions, from The Jordan Co., L.P. (TJC). The acquisition is expected to close in January 2020, subject to customary closing conditions.
Headquartered in Westlake, Ohio, Borchers carries a portfolio of additives for the coatings, inks and adhesives markets with a comprehensive range of cobalt-free driers, dispersants, rheology modifiers, wetting agents, polymerization catalysts and adhesion promoters. The addition of Borchers — particularly its expertise in specialty coating additives — further builds Milliken’s portfolio, aligned with the company’s strategic objective to develop a global range of growth platforms.