Rhodia Completes McIntyre Group Acquisition
Specialty chemical producer Rhodia has completed its acquisition of the McIntyre Group Ltd after receiving regulatory authorizations.
McIntyre is a privately-held manufacturer of specialty surfactants, based near Chicago. This acquisition reinforces Rhodia Novecare's product range for personal cleansing and extends its offer for hair care, as well as home, institutional and industrial cleaning markets. It drives new opportunities for oilfield production and agrochemicals applications and allows further business developments in fast-growing markets such as Asia-Pacific and Latin America.
Rhodia is an international chemical company resolutely committed to sustainable development. As a leader in its businesses, the Group aims to improve its customers' performance through the pursuit of operational excellence and its ability to innovate. Structured around six Enterprises, Rhodia is the partner of major players in the automotive, electronics, flavors and fragrances, health, personal and home care markets, consumer goods and industrial markets. The Group employs around 14,500 people worldwide and generated sales of €4.8B in 2008. Rhodia is listed on Euronext Paris.
Rhodia Novecare, with a net sales of €971M is one of the six Group's Enterprises and provides high-performance products and solutions to a wide range of industries including cosmetics, detergents, agrochemicals and oil, as well as industrial applications. Thanks to a worldwide industrial footprint and global R&D and tech-support network, Rhodia Novecare holds leading positions in the surfactants, phosphorus derivatives, natural polymers, synthetic polymers and monomers technologies, and eco-friendly oxygenated solvents. Rhodia Novecare has developed particular expertise valuable to answer and anticipate customer's needs in protection, surface modification, rheology, active delivery, improvement of formulations and processes, environment and health respect.
McIntyre Group Limited is a privately-held chemical company, which is a leading manufacturer of surfactants, polymers, chemical specialties and cosmetic preservatives for the formulations of personal care, household, industrial and institutional cleaning products, as well as oil field aids. This US-based headquarters company, with 2008 estimates of US$146M sales, counts about 200 employees and has two manufacturing plants, one in the USA (Illinois) and one in UK, complemented by sales and commercial network in the USA, UK, Singapore and Brazil.
SOURCE: Rhodia