ICI Synetix buys CelActiv catalyst business
The purchase includes the manufacturing assets associated with Celanese's former Hoecat oleochemical and edible oil catalyst business. Synetix acquired the Hoecat and Ni 20/5 fatty amine catalyst product lines from Celanese in October 1999.
Both the CelActiv and Hoecat businesses which are based in Oberhausen, Germany, about 60 km from Synetix's Emmerich site. The business has sales of about DM 27 million. Some 50 Celanese employees will transfer to ICI when the deal is completed early in 2001.
"There are clear synergies in combining the different catalytic technologies and it brings us ever closer to our aim of creating one of the world's leading catalyst companies," says Synetix chief executive Bob Coxon.
Synetix was formed by combining three ICI businesses with two Unilever Specialties operations. It employs around 800 people worldwide. Its production plants in Germany, India, and United Kingdom serve about 5000 customers in more than 85 countries.
Synetix catalysts are used to produce chemicals, oleochemicals, edible oils, pharmaceutical intermediates, polymers, oil and gas, ammonia, and methanol.
Edited by Alan S. Brown
Managing Editor, Chemical Online
abrown@vertical.net
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