Brazil. AkzoNobel Specialty Chemicals has completed the acquisition of the Brazilian company Polinox, the leading producer of ketone peroxides in South America, an essential ingredient in the manufacture of polymers.
The purchase expands the company's presence in South America, establishing itself as one of the leading producers of curing systems for polyester thermoset resins in the region.
AkzoNobel Specialty Chemicals acquires Polinox's brands and trademarks, including Brasnox, Perbenzox and TecnoxSuper, as well as its customer list and production know-how. Manufacturing of those products will move to the company's plant in Itupeva, Brazil, which is currently expanding, for the third quarter of 2019.
"We signed an agreement to acquire Polinox in July and are fully prepared for rapid integration," said Johan Landfors, member of the Executive Committee responsible for Polymer Chemistry. "We now look forward to serving Polinox's impressive client portfolio and further accelerating our growth in this important region."
Roberto Pontifex, CEO of Polinox, will join AkzoNobel Specialty Chemicals as Commercial Manager. "I am eager to continue serving my clients, and I am confident that we can strengthen our relationships with the knowledge akzoNobel has to offer," Pontifex said.
