Solvay (Brussels, Belgium; www.solvay.com) has entered into an agreement under which its desalination and phosphonates and phosphonic acid-based water additives business will be acquired by Italmatch Chemicals Group. The transaction is consistent with Italmatch Chemicals Group’s growth strategy and strengthens its position as a leading global supplier of water management additives, traded under the Dequest brand name. In particular, the agreement covers the acquisition of all products, trademarks, patents and client portfolio from Solvay
“The signed agreement proves our commitment in pursuing a strong expansion strategy through not only internal growth, but also strategic acquisitions,” stated Sergio Iorio, chief executive officer of Italmatch Chemicals Group.
“Thanks to this agreement, we will be able to expand our water management additives product range and enter into new market segments, such as the Middle Eastern thermal desalination markets, exploiting Solvay’s long-standing experience and know-how in the field,combiningand leveraging upon Italmatch expertise in reverse osmosis plants” concluded Mr Iorio.