Innospec Inc., Littleton, CO, has acquired Chemsil Silicones and the Chemtec Chemical Co., strengthening its personal care stable.
Chemsil develops and markets silicone-based formulations to the personal care industry. Chemtec, which distributes a wide range of personal care ingredients, is focused on customers on the West Coast. The companies have combined sales of $40 million.
“Personal care is the strategic core of our performance chemicals business, and we have been seeking to add to both the technology base and the geographical footprint of this business,” said Patrick Williams, president and CEO of Innospec. Williams said Chemsil brings complementary technologies to its current portfolio, and Chemtec, which provides Innospec with a solid base in the “important West Coast market.”
According to James Harrison, president of Chemsil and Chemtec, “joining Innospec provides us with the infrastructure and critical mass to accelerate that expansion and focus on future technologies.”
Chemsil will become part of Innospec’s Performance Chemicals business, which develops and markets a range of surfactants and emollients to the personal care industry. Chemtec will continue to operate as a key distributor.
More info: www.innospecinc.com