Company principals say the new, combined company, with its expanded reach, will be positioned to better serve customers in the United States, Canada, and Mexico, with a deeper pool of technical expertise, broader product line offerings, and more diversified supply chain solutions.
Through this integration, EPS has broadened its product portfolio and technological expertise, further diversifying its position in the polymer and pigment dispersion industry. SPI products will continue to be sold by EPS under their current product names.
CWS Lackfabrik GmbH is a family owned company with around 250 employees. CWS has a powder coatings production site in Düren, Germany, and New York, United States, a solid resins production site in Düren, Germany, and a liquid resins production site in Düren and Hamburg, Germany.
The company says this acquisition will reinforce its position in the inorganic pigment industry. Venator’s iron oxide pigment has achieved steady growth and maintained profitability amid the pandemic and market fluctuations, demonstrating strong competitiveness and resilience.
“We are delighted to have completed this acquisition. The acquisition is part of our stepping-out strategy, creating a new platform for our growth in the specialty chemicals industry," said PCG managing director and chief executive officer, Ir. Mohd Yusri Mohamed Yusof.
The acquisition offers benefits such as the addition of in-house market development function to identify, research, and qualify market opportunities for new and existing product lines, digital marketing capabilities to drive targeted customer development efforts and lead qualification, and more.
Chicago-headquartered specialty chemical company Hallstar announced this past July its intention to buy the manufacturing facility in Greensboro, North Carolina from another specialty chemicals company.
