Solvay S.A. (Brussels, Belgium; www.solvay.com) announced that it is acquiring Dhaymers, a Brazilian manufacturer of specialty esters, entering the skincare market and expanding its presence in industrial lubricants and mining industries in Latin America.
Solvay’s Global Business Unit Novecare has been strengthening its foothold in fast-growing market segments in Latin America. The customized product portfolio of Dhaymers complements Novecare’s acquisition in April of the specialty chemical assets of Erca Química and further increases production capacity.
Through Dhaymers, Solvay Novecare will extend its home & personal care (HPC) portfolio with ingredients for skincare products for consumers in Brazil, which is growing fast as the world’s third largest HPC consumer, and across Latin America. The specialty esters produced by Dhaymers are also used to make emulsions for mining and in lubricants for the metal working industry.
“With Dhaymers, Solvay Novecare bolsters Novecare’s portfolio, its locally produced technology and production capacity to supply domestic and export markets,” said Emmanuel Butstraen, president of Solvay Novecare. “Our expansion in the region reflects our commitment to support our customers and will accelerate Solvay Novecare’s growth in Latin America.”
Dhaymers is located in Taboão da Serra, 20 km from São Paulo city and its sales reached more than €8 million in 2013.