Emerald Completes DSM Special Products Acquisition

摘要

Emerald Performance Materials (Cuyahoga Falls, OH) says it has completedthe previously announced acquisition of DSM Special Products (DSP). Terms were not disclosed. "The acquisition of DSP will expand Emerald's presence into Europe and whinin the specialty chemical industry, reflecting our commitment to the industry and to Emerald's growth," says Christopher Thomas, principal at Sun Capital Partners, which owns Emerald. "This is Emerald's third strategic acquisition, and we will continue to pursue acquisitions in this space." DSP, with plants at Rotterdam, is a leading producer of benzoic acid, sodium benzoate, benzaldehyde and benzyl alcohol based on toluene oxidation. Emerald Performance Materials owns Emerald Kalama Chemical, which like DSM Special Products, is a major producer of benzoic acid.