RESEARCH TRIANGLE PARK, NC — Reichhold Inc. announced an agreement to acquire NCS Resins, a manufacturer of unsaturated polyester resins and gelcoats based in South Africa. NCS Resins, with annual revenue of $25 million (U.S.), is reported to be Africa’s largest manufacturer of unsaturated polyester resins. The company is a subsidiary of Sentrachem, which is wholly owned by The Dow Chemical Co.
Reichhold said it expects to complete the purchase by Dec. 1. Terms were not disclosed.