media release

Chelates Deal Agreed

Akzo Nobel has strengthened its position in the global chelates market with the acquisition of the chelates business of UK firm Contract Chemicals.

The deal, which was completed for an undisclosed sum, comes just a matter of months after Akzo Nobel Functional Chemicals opened new chelates plants in Sweden and the USA. However, the Contract Chemicals agreement does not include the purchase of any production facilities.

“This was an excellent opportunity for us to move further into an area which we believe will achieve significant growth in the next few years,” said Werner Fuhrman, general manager chelates and sulphur products for Akzo Nobel. “It will also complement our world leading range of blended and single metal chelates.”

Akzo Nobel is one of the world’s three largest distributors of chelates, which are used in the binding of metals, and the latest deal will reinforce the company’s global position.

Said Fuhrman: “We saw an excellent fit with our existing Dissolvine range of chelating agents where the addition of an established range of NTA materials will further consolidate our presence on the industrial chelates market.”

(Released: January 10, 2001)