Italmatch Chemicals reached 340 million euros in revenues in 2015 and thanks to this acquisition will have a significant presence in the attractive North American market with manufacturing facilities in Smyrna (GA) and Huntsville (Texas), where it will start to manufacture its global Dequest product line.
This is Italmatch’s second acquistion of the year after the on of Solvay’s desalination and phosphonates/phosphonic acid-based water additives business last January (see here a previous post by BeBeez). It is instead the third deal in a row in the same water treatment sector as Italmatch acquired GRS Chemical Technologies srl in December 2014, an Italian company specialized in the production of chemical components for the most varied industrial sectors: petrochemical, mineral, personal care, water treatment, paper production (see here a previous post by BeBeez).
Ardian had acquired control of Italmatch Chemicals from Mandarin Capital Partners in June 2014 ((see here a previous article by BeBeez) while Italmatch’s management team, led by ceo Sergio Iorio, retained a minority stake.
Italmatch Chemicals has a global presence, employs more than 500 people and operates six production plants in Europe (in Italy, Spain, Germany and United Kingdom) and four in Asia (China and Japan). Compass is Italmatch’s first plant in the US.
