NetComposites

Connecting you to the composites industry

Advertisement

Huber Strengthens Fire Retardant Additive Portfolio with Acquisition of Albemarle’s Martinswerk Chemical Businesses

  • Tuesday, 22nd December 2015
  • 0 comments
  • Reading time: about 2 minutes

Huber Engineered Materials (HEM) has reached an agreement to acquire the Martinswerk mineral flame retardants and specialty chemicals businesses of Albemarle.

The transaction is subject to customary closing conditions and is expected to close in early 2016.

HEM explains the Martinswerk businesses will become part of HEM’s Fire Retardant Additives (FRA) business unit. The following product groups are included in the acquisition:

  • Martinal precipitated and ground alumina trihydrate

  • Magnifin premium precipitated magnesium hydroxide

  • A variety of specialty chemical products:

    • Martifin specialty hydrates for paper

    • Martoxid aluminum oxide primarily for ceramics

    • Pergopak flatting agents primarily for coatings

    • Compalox granulated activated alumina

Huber says that acquiring these product lines complements its existing portfolio of fire retardants and smoke suppressants while expanding its geographic presence and reach globally. As part of this transaction, Huber will also acquire a 50% position in Magnifin, a joint-venture at Breitenau, Austria, which produces magnesium hydroxide.

According to HEM, the acquisition marks the fourth and largest addition to its Fire Retardant Additive business in the last five years and is another exciting step in the unit’s continued growth.  Earlier this year, Huber purchased the Safire nitrogen and phosphorous flame retardant technology from Floridienne Group and Catena Additives. In 2012, Huber bought the specialty hydrate flame retardant business from Almatis and in 2010, the Kemgard flame retardant and smoke suppressant business from Sherwin Williams.



For more information visit:


Share this article


Categories


Related News


Comments (0)

Sign in or create an account to join in the discussion.

Leave your comment

Advertisement

Upcoming Events

Advertisement

Advertisement

Advertisement

Follow us
Subscribe to our email newsletter

Subscribe to receive our weekly round-up of all the industry's latest news, jobs, events and more!

We'll always keep your personal details secure and will never share them with third parties for marketing purposes. You can unsubscribe at any time. For further details on how we may use your data, please visit our Privacy Policy.