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THE WHAT? Innospec has introduced that it has acquired QGP Quimica. Monetary phrases of the deal weren’t disclosed.
THE DETAILS Innospec will combine QGP into its Efficiency Chemical substances enterprise. “We’ve been extremely impressed by QGP’s founders who’ve constructed a number one specialty chemical firm backed by wonderful customer support, innovation and technical help much like our personal,” mentioned Patrick S. Williams, President and CEO of Innospec. “The product growth and manufacturing capabilities of QGP complement each Efficiency Chemical substances end-market that we serve together with Private Care, Agriculture, Residence Care, Industrial Chemical substances, Building and Mining.”
THE WHY? The Brazilian specialty chemical compounds agency Innospec now has a significant manufacturing, customer-service and product growth base in South America which is likely one of the largest and most vital world markets for all Innospec applied sciences. QGP additionally provides new surfactant and different specialty chemistries to Innospec’s world portfolio in vital development markets, reminiscent of Agriculture.
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