MOSCOW (MRC) -- Chemetall, a unit of specialty chemicals maker Albemarle Corp. in Baton Rouge, has acquired the aluminum finish business of Chemal GmbH & Co. KG, based in Hamm, Germany, as per Miami Herald.
The Advocate reports Chemal GmbH specializes in research and development of surface finishing chemicals for aluminum and its alloys.
Chemetall said the acquisition will bolster its portfolio in the aluminum finishing industry.
As MRC wrote previously, in November 2014, Albemarle Corp. and Rockwood Holdings announced that shareholders from both companies had approved the proposals relating to Albemarle's acquisition of Rockwood at their respective special meetings.
Earlier, in September 2014, Albemarle and ICL entered into an agreement to establish a manufacturing joint venture for the production of ICL's FR-122P polymeric flame retardant and Albemarle's GreenCrest polymeric flame retardant.
These flame retardants are designed to replace hexabromocyclododecane (HBCD). HBCD has been the leading flame retardant used in expanded (EPS) and extruded (XPS) polystyrene foam applications, but is being phased out in the European Union (EU), Japan and other countries. The joint venture and its partners will own and operate a 2,400-tpy Netherlands plant, which is currently operating, and a 10,000-tpy Israel plant, which is scheduled to start operations in the fourth quarter of 2014.
Albemarle Corporation is a chemical company with corporate headquarters in Baton Rouge, Louisiana. It is a specialty chemical manufacturing enterprise. The company employs approximately 6,900 people and serves customers in approximately 100 countries.