By David Reed, UT EditorDüsseldorf, Germany-Degussa AG has acquired 100 percent of Ratec International GmbH, its former 49-percent joint venture partner in the Gorapur release agent supplying business. The parties have agreed not to disclose the purchase price, a 2 May announcement added.The JV, located in Wittenburg near Schwerin, Germany, was formed in 2001 and has become one of the leading European suppliers of release technology for polyurethane, the statement claimed. Its products were previously marketed globally through the joint venture, with the automotive and footwear industries as the primary customers. Gorapur employed about 30 people in 2004, generating a turnover of “several million Euros,” the statement added.Now the unit will be incorporated into the Goldschmidt polyurethane additives business line of Degussa’s Oligomers & Silicones business unit, where it will offer “customer-specific solution packages around the world,” the statement said.”This acquisition marks another important step in our polyurethane business toward the strategically important market of release agents,” emphasised Manfred Recksik, head of the oligomers & silicones unit.Degussa says it is one of the leading global suppliers of additives for polyurethane foam. Its product programme, in addition to release agents, includes silicone stabilisers and catalysts as well as a variety of speciality additives.The firm says it is the global market leader in speciality chemicals. In fiscal 2004 Degussa’s 45 000 employees worldwide generated sales of €11 200 million ($14 650 million) and operating profits (EBIT) of €965 million, the statement concluded.”
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