Nouryon acquires leading Chinese metal alkyls producer
Nouryon has acquired Zhejiang Friend Chemical, the largest Chinese producer of triethyl aluminum (TEAL) – a metal alkyl used in the production of high-volume polymers, such as polypropylene and polyethylene.
The acquisition will substantially raise Nouryon’s global TEAL production and strengthen its position as global producer of TEAL. The deal also makes the company the only global producer of metal alkyls.
The acquisition includes products, technology, customer lists and a manufacturing site in Jiaxing, located 100 kilometers southwest of Shanghai. The company will also evaluate opportunities to expand operations at Jiaxing, said Johan Landfors, Managing Director Polymer Chemistry at Nouryon. Friend’s approximately 60 employees will join Nouryon, including the company’s founder, Mr. HaiQing Zhang, who will serve as a senior consultant.
Expansion of activities in the polymer industry
This deal is Nouryon’s second recent deal to strengthen its position serving the polymer industry. Late last year, the company completed the acquisition of Brazil-based Polinox, South America’s leading producer of ketone peroxides, used in the production of various plastic and composite products.
