Hallstar Finalizes Purchase of North Carolina Polymer Additives Production Site
Chicago-headquartered specialty chemical company Hallstar announced this past July its intention to buy LANXESS' ester manufacturing facility in Greensboro, North Carolina. After a brief, productive transition period, the acquisition was completed this week, effectively expanding Hallstar's manufacturing capacity, product portfolio, and employee roster.
"Our goal was to close this deal in the fourth-quarter of the calendar year and, thanks to the outstanding efforts of Hallstar's transition team and the cooperation of LANXESS' local and global organization, we achieved that," said Hallstar chairman and CEO, John J. Paro. "We are proud to welcome the Greensboro operation, including all of its knowledgeable employees, to the Hallstar team. The addition of another NA manufacturing plant gives our customers even more supply security and our company even greater potential for growth."