Milliken & Co. Finalizes Borchers Acquisition
SPARTANBURG, SC — Milliken & Co. has formally acquired Borchers Group Limited, a global specialty chemicals company known for its coating additives and specialty catalyst solutions, from The Jordan Co. L.P. The transaction officially closed on Jan. 28, 2020.
“When great teams come together, big things happen,” said Halsey Cook, Milliken & Co. President and CEO on closing the deal. “I’m excited to combine Borchers’ capabilities with Milliken’s long-term view and focus on innovation and sustainability.”
“Borchers brings expertise, products and customer knowledge in the paint and coatings industry,” said Russ Rudolph, Senior Vice President, Milliken’s Coating Additives Business. “Combined with Milliken’s commitment to investment in long-term sustainable innovation and specialty chemicals global reach, this acquisition will accelerate solutions for the markets and customers we serve.”
As Borchers integrates into Milliken, daily operations will continue without interruption, including relationships with existing suppliers and customers.
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.