PMC Group completed the acquisition of Dow Chemical’s global methyl tin stabilizers and solid lubricants businesses earlier this month, following up on its purchase of Arkema’s organotin and organophosphine-based polymer stabilizers, catalysts and fine chemicals businesses in the Americas and Europe which was completed in October 2012. These two deals will give PMC a large share in the world tin PVC stabilisers market. Organotin PVC stabilisers account for around 10% of world tin usage.
In a statement PMC said that the deal includes organotin and heavy-metal free organic polymer stabilizers, polymer lubricants and multi-component package product lines. The transaction also includes a world-scale manufacturing facility for these products in Cincinnati, Ohio, USA. Mr Debtosh Chakrabarti, President of PMC said, “This acquisition broadens our technology and product offering and underscores our commitment to be an innovative leader in the polymer additives industry. We are excited to welcome the customers and employees of the business located in Cincinnati to PMC.”
The earlier deal with Arkema included facilities in Carrollton, Kentucky and Mobile, Alabama and a toll manufacturing agreement using part of Arkema’s plant in Vlissingen, Netherlands. The component of this transaction which relates to the business in China, including a manufacturing facility in Beijing, is expected to be closed during the first half of 2013.
