Mergers & Acquisitions Speciality Chemicals Deal in Brazil: Solvay Buys ERCA–Assets
Solvay grows buy acquisition: To strengthen its position in Latin America, the company buys the specialty chemical assets of ERCA Química in Brazil. This deal could more than double Solvay's production capacity in surfactants in Brazil in a single step...
Rio de Janeiro/Brazil – The investment will give Solvay's Novecare business unit greater access to one of the world's largest personal care and agrochemicals markets, which is growing at a double-digit pace. In addition, it strengthens the company's commercial network, closeness to customers and innovation pipeline.
The transaction includes ERCA's local specialty chemical assets and its portfolio of agrochemicals as well as home and personal care products at Itatiba city in the state of Sao Paulo, Brazil. In addition, Solvay will enter into a partnership with ERCA to manufacture their products for their construction and textile market segments.
"The acquisition of these specialty chemical assets represents an important step for Novecare to grow in Brazil's dynamic market, expand our technology and product portfolio, increase production capacity and provide global innovations to meet the immediate demand of our customers," said Emmanuel Butstraen, President of Solvay Novecare.