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IN THE NEWS
Rhodia Completes McIntyre Purchase
2009-03-02 | 09:48
Deal closes for acquistion of specialty surfactant supplier
Rhodia has purchased the privately-held McIntyre Group Ltd, a global manufacturer of specialty surfactants.
As previously reported in HAPPI, according to Rhodia, the acquisition will reinforce its Novecare’s product range for personal cleansing and extend its offer for hair care, as well as home, institutional and industrial cleaning markets. It will drive new opportunities for oilfield production and agrochemicals applications and allow further business developments in fast-growing markets such as Asia-Pacific and Latin America.
Based near Chicago, the McIntyre Group employs about 200 people and has manufacturing facilities in the U.S. (Illinois) and in Europe (UK), complemented by a global commercial network. The company has shown strong business performance, achieving double-digit growth during the past three years, with 2008 estimates of $146 million sales and around 10% recurring EBITDA margin.
From the first year of combined operations, Rhodia anticipates significant synergies based on cross-selling opportunities, supply chain and procurement optimization. These factors are expected to double the EBITDA of the acquired business within the Rhodia Group by 2011.
As previously reported in HAPPI, according to Rhodia, the acquisition will reinforce its Novecare’s product range for personal cleansing and extend its offer for hair care, as well as home, institutional and industrial cleaning markets. It will drive new opportunities for oilfield production and agrochemicals applications and allow further business developments in fast-growing markets such as Asia-Pacific and Latin America.
Based near Chicago, the McIntyre Group employs about 200 people and has manufacturing facilities in the U.S. (Illinois) and in Europe (UK), complemented by a global commercial network. The company has shown strong business performance, achieving double-digit growth during the past three years, with 2008 estimates of $146 million sales and around 10% recurring EBITDA margin.
From the first year of combined operations, Rhodia anticipates significant synergies based on cross-selling opportunities, supply chain and procurement optimization. These factors are expected to double the EBITDA of the acquired business within the Rhodia Group by 2011.
