NetComposites

Connecting you to the composites industry

Advertisement

Reichhold Acquires Brazilian Resin Manufacturer IBR

  • Friday, 8th April 2005
  • 0 comments
  • Reading time: about 2 minutes

Reichhold has acquired the unsaturated polyester resins business of Indústria Brasileira de Resinas, Ltda. (IBR).

This acquisition increases Reichhold’s Brazilian composites business by approximately 20 percent, strengthening the company’s position as the leading supplier of polyester resins for composites in the region. It also gives Reichhold a manufacturing and commercial base in the northeastern part of the country which will provide customers there greater access to both IBR and Reichhold.

“We are very pleased to bring the IBR business into the Reichhold organization,” said Reichhold’s Executive Vice President of Global Composites, Doug Frey.

“This initiative is in line with our long-term growth strategies and was made possible by the strong performance of Reichhold’s Brazilian composites business in 2004,” he continued. “The IBR acquisition is a reflection of our confidence in the future of that business.”

IBR is located in Simões Filho, in Brazil’s state of Bahia, 1,500 kilometers (932 miles) from Reichhold’s operations in Mogi das Cruzes, SP (state of São Paulo). The plant is positioned near a large petrochemical manufacturing complex in northeastern Brazil.

“This area of Brazil is growing rapidly,” Frey explained. “Our acquisition of IBR in this strategic region will allow us to continue our growth as the leader in the Brazilian unsaturated polyester resin market.”

Along with a second manufacturing site in Brazil, the acquisition brings 27 IBR employees into the Reichhold organization. Reichhold made its initial foray into the Brazilian market with the acquisition of Resana S/A in 1996.


For more information visit:


Share this article


More 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.