Resinall Rütgers Resins GmbH purchases Neville Chemical Europe BV
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Resinall Rütgers resins GmbH (RRR), a joint venture between the German RÜTGERS Novares GmbH and the Belgian Resinall Europe bvba, acquired the chemicals company Neville Chemical Europe BV (NCE).
The acquisition of NCE is part of the RRR expansion strategy and is designed to sustainably strengthen the joint venture partners' position within the European producers of industrial resins. The acquired company has extensive competencies in the development, production and marketing of high-quality hydrocarbon resins for the printing inks, coatings, asphalt and rubber industry.
“NCE is an ideal addition to our product portfolio and can correspondingly make a contribution to the growth of RRR”, says Stefan Knau, one of two Managing Directors of RRR, commenting on the deal. Prior to the acquisition, NCE was owned by Neville Chemical Company (NCC), based in Pittsburgh, Pennsylvania, USA.
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