The acquisition will further boost the company’s position in China and will allow further market segmentation and reinforce its position outside of the premium segment.
The acquisitions become a part of New Water’s broader transportation packaging solutions platform which will now be the largest provider of specialty FIBCs and related packaging in North America.
The company was recently bought by Manali Petrochemicals Limited (MPL), India’s only integrated manufacturer of polyols and a part of AM International, Singapore.
PCI Editors Kristin Johansson and Courtney Bassett provide a snapshot of the 2022 year in coatings based on information gathered for our annual Global Top 10 and PCI 25 rankings of the top coatings manufacturers.
With this acquisition, PureTech Scientific is positioning itself to become the global leader in organic synthesis of ultra-high purity alpha hydroxy acids for the life sciences and specialty chemical industries.
Grace Matthews, Inc. served as financial advisor to Rudd on the transaction.
“[Rudd’s] reputation for innovation, reliability, and customer service is a perfect fit with our own values,” said Chris Hicks, President/CEO of Gemini Coatings.
Sirius will reinforce Azelis' sustainability program and enable it to offer innovative environmental solutions to its customers in the EMEA region and beyond.