The acquisition is expected to strengthen Akzo Nobel’s presence in the South American market. The company also intends to acquire Polinox's brands and trademarks as well as its customer list and production know how.
Brazil – Akzo Nobel Specialty Chemicals have recently finalised an agreement to acquire Brazilian firm Polinox, South America's leading producer of ketone peroxides, essential in the manufacture of polymers. The acquisition will expand the company's footprint in South America, and establish it as one of the region's leading producers of curing systems for polyester thermoset resins. The sale is expected to close in the fourth quarter of 2018.
The company will acquire Polinox's brands and trademarks, which include Brasnox, Perbenzox and Tecnox Super, as well as its customer list and production knowhow. Akzo Nobel Specialty Chemicals will invest to add capacity in its own site at Itupeva, Brazil and transfer manufacturing there after the expansion is completed.