Purchase of Jiayou Chemical from Ecolab Group including the entire business and assets relating to phosphonate production and sales carried out by Jiayou Chemical Co. (formerly part of Jianghai), located in the Changzhou area (China); established long-term Partnership with major global Water Service Company.
Purchase of Afton Chemical’s metalworking fluid (MWF) business (former Polartech).
The deal includes entire business and assets relating to fluid metalworking carried out in Bedford Park (Illinois, USA) and Manchester (UK, Europe) sites, the know-how, technology and business in India, with production carried out from Hyderabad plant and in China.