International Chemical Investors Group (ICIG) today announced it has completed the acquisition of Clariant´s business unit Detergents & Intermediates (D&I), following the recent closing of the acquisition of Allessa, end of last year. Both acquisitions ideally complement ICIG´s fine chemicals and custom manufacturing operations as well as the scope of services offered by the WeylChem Group.
The Detergents business of D&I and ICIG’s Nease Corporation (USA) will form a new business line for “Detergent Chemicals” within ICIG’s fine chemicals platform WeylChem Group. The D&I Intermediates and Allessa businesses will also complement the Fine Chemicals and Custom Synthesis operations of the WeylChem Group, resulting in an increased market share and realizing significant synergies, unified branding, and cooperation in marketing & sales.
WeylChem will continue to operate the two manufacturing sites in Lamotte (France) and Wiesbaden (Germany), producing and marketing niche performance chemicals and organic fine chemical intermediates focused on the household / personal care, agrochemicals, pharmaceuticals and food additives markets. It is engaged in mature, well defined markets with attractive market positions in many of its niche applications, complementing the WeylChem product portfolio with products such as TAED, SAS, Glyoxal and C2 Building Blocks.
Allessa is operating three sites in Frankfurt, Germany (Fechenheim, Griesheim and Höchst). With Allessa, the WeylChem Group will access new markets, such as Electronics and Personal Care. Further, new key technologies, such as Hydrogenation, will be added to WeylChem’s service offerings.
WeylChem International, the sales and marketing organization of the WeylChem Group, will also market products and services of Allessa as well as the intermediates from D&I.
With the addition of both, the D&I business and Allessa, ICIG becomes a major international player in the fine chemicals and pharmaceutical sector with aggregated sales in excess of Euro 1.2 billion, and more than 5,000 employees in Europe and the US.
About International Chemical Investors
International Chemical Investors Group (ICIG) is a privately owned industrial holding company focusing on mid-sized chemicals and pharmaceutical businesses. Since inception in 2004, ICIG has acquired 23 businesses, all of which have origins in major global chemical or pharmaceutical corporations and are independently managed. ICIG companies will have in 2014 more than 5,000 employees operating 23 manufacturing facilities in Europe and the United States with total sales of approximately €1,200 million. For more information about International Chemical Investors Group: www.ic-investors.com, www.weylchem.com, and www.allessa.de.
Contact:
International Chemical Investors Group
Sibel Cumcu
Phone: +49 69 506 999 0
Email: Info@ic-investors.com
GERMANY