Elementis Acquires Hi-Mar Specialty Chemicals

摘要

Elementis Specialties, Inc. has announced its intent to purchase the assets of Hi-Mar Specialty Chemicals, a U.S. coatings additives company, for a cash consideration of $33 million. Established in 1973, Hi-Mar is a supplier of defoamers to the coatings, construction, and oilfield drilling industries, with manufacturing and technical facilities based in Milwaukee, Wl. The acquisition of Hi-Mar is expected to further expand the company's product and technical service offerings in these market segments.