Clariant Acquires XL Performance Chemicals
May 20, 2009
CHARLOTTE, NC − Clariant is acquiring XL Performance Chemicals, Dalton, GA, from Fibro Chem LLC and its affiliates.
The acquisition unites Clariant’s extensive network of sales, technical service and support with XL Performance Chemicals’ proven know-how and family of technologies for more than 100 different foam-control products in end-use markets. These are markets where Clariant already has a substantial global presence, including metal-working, paints and coatings, mining, oil services, crop protection, construction, textile, and paper.
“We see great business opportunity here in a global market that exceeds $2 billion and is growing annually at a rate of 4 to 5 percent,” said Clariant’s North American Head of Functional Chemicals Hugh Fowler. “At some point in virtually every manufacturing process, our own included, foam is created. Eliminating this foam or bubbles from such products as paints or cements is essential for these products to perform optimally as designed. With the addition of the XL D-Foam-RTM products to our own extensive range, we can offer our customers an even better comprehensive end-to-end, service-oriented solution to their foam-control challenges.”
Manufacturing will continue to be centered in the United States, at a facility in Greenville, SC, operated under a toll agreement, with the potential for Clariant to transfer manufacturing to its own strategically located plants elsewhere in the world as market penetration and growth increases.