MOSCOW (MRC) -- Solvay announces today that it is acquiring Dhaymers, a Brazilian manufacturer of specialty esters, entering the skin care market and expanding its presence in industrial lubricants and mining industries in Latin America, said the company in its press release.
Solvay's Global Business Unit Novecare has been strengthening its foothold in fast-growing market segments in Latin America. The customized product portfolio of Dhaymers complements Novecare’s acquisition in April of the specialty chemical assets of Erca Quimica and further increases production capacity.
Through Dhaymers, Solvay Novecare will extend its home & personal care (HPC) portfolio with ingredients for skin care products for consumers in Brazil, which is growing fast as the world’s third largest HPC consumer, and across Latin America. The specialty esters produced by Dhaymers are also used to make emulsions for mining and in lubricants for the metal working industry.
"With Dhaymers, Solvay Novecare bolsters Novecare's portfolio, its locally produced technology and production capacity to supply domestic and export markets," said Emmanuel Butstraen, President of Solvay Novecare. "Our expansion in the region reflects our commitment to support our customers and will accelerate Solvay Novecare's growth in Latin America."
Dhaymers is located in Taboao da Serra, 20 km from Sao Paulo city and its sales reached more than € 8 million in 2013.
As MRC wrote before, this summer, Solvay SA and Ineos Group AG gaven a name to their chlorovinyls joint venture, Inovyn, as the two firms prepare the launch of the company by the end of 2014. The new company will officially open following divestments by both companies required by the European Commission. Until completion, Solvay and Ineos will continue to run their businesses separately.
Solvay S.A. is a Belgian chemical company founded in 1863, with its head office in Neder-Over-Heembeek, Brussels, Belgium. The company has diversified into two major sectors of activity: chemicals and plastics. Solvay supplies over 1500 products across 35 brands of high-performance polymers – fluoropolymers, fluoroelastomers, fluorinated fluids, semi-aromatic polyamides, sulfone polymers, aromatic ultra polymers, high-barrier polymers and cross-linked high-performance compounds.