09 February 2016
09 February 2016
Huber Engineered Materials (HEM) has acquired the Martinswerk business of Albemarle.
According to HEM, the Martinswerk portfolio is now officially part of the Fire Retardant Additives (FRA) business unit of HEM.
HEM says, it is its largest acquisition in over 10 years and the transaction includes Martinswerk’s manufacturing facility in Bergheim, Germany, more than 470 employees and the following product lines:
Martinalprecipitated and ground alumina trihydrate.
Magnifin premium precipitated magnesium hydroxide.
A variety of specialty chemical products:
Martifin specialty hydrates for paper.
Martoxidaluminum oxide primarily for ceramics.
Pergopakflatting agents and carrier additives.
Compalox granulated activated alumina.
“This strategic acquisition is well aligned with HEM’s FRA business unit – both from a product and geographic standpoint,” explains Jerry Bertram, Vice President and General Manager of HEM’s Fire Retardant Additive business. “It builds on our existing halogen-free fire retardant offerings and expands the range of products we can provide to customers around the world.”
To ensure a smooth integration, HEM explains that it is retaining the current management team at Martinswerk. The FRA business unit will be structured in a regional model with a General Manager operating out of Europe.
HEM claims that the Martinswerk acquisition builds on its 34 year history of supplying fire retardants and smoke suppressants. It marks the latest in a series of investments in the FRA business by HEM, including the acquisition of the Kemgardproduct line from Sherwin-Williams in 2010 and the purchase of the assets of the specialty hydrates business from Almatis in 2012. In 2015, HEM also purchased the Safirenitrogen and phosphorous flame retardant technology from Floridienne Group and Catena Additives.
“Bringing together our long-term experience in fire retardant additives with the product lines from Martinswerk broadens our portfolio of environmentally-friendly fire retardant additives for use across multiple applications, including carpet backing, fibre reinforced plastics, roofing, silicone rubber and wire and cable,” says Bertram. He adds, “This addition truly makes FRA a global business.”
The Brazilian composite sector expects to close 2018 with a turnover of US$ 685 million, a high of 3.8% compared to the previous year.
A composite bonding adhesive for Audi and a nylon resin from DuPont Transportation & Advanced Polymers were selected as winners of the 55th annual R&D 100 Awards.
AVK is inviting submissions for its 2019 Innovation Awards.