Engelhard acquires Süd-Chemies´s Fats and Oils Catalyst business

24-Oct-2001

Engelhard Corporation (NYSE: EC) and Süd-Chemie AG, Munich announced the sale of Süd-Chemie´s fats and oils catalyst business to Engelhard. Terms of the transaction were not disclosed. The acquisition broadens Engelhard's catalyst technology offering to oleochemical markets. These technologies play a vital role in the manufacture of fats and oils derived from agricultural feedstocks such as soybean oil, fish oil, palm oil and corn oil, among others. Their diverse end markets include foods, detergents, personal care products, lubricants and fabric softeners. Engelhard purchased Süd-Chemie's fats and oils catalyst technology, trade names and some manufacturing equipment. No employees or manufacturing plants were included in the transaction. "This acquisition supports our strategy of leveraging Engelhard's core competencies in surface and materials science," said Barry W. Perry, Engelhard's chairman and chief executive officer. "Broadening the technology we offer and expanding our base of served markets is key to our growth." "Süd-Chemie has decided to divest this business as part of its strategy to streamline its portfolio development towards other strategic catalyst areas, where Süd-Chemie sustains and further enhances its market leading positions," said Dr. Jürgen F. Kammer, chief executive officer of Süd-Chemie AG. Engelhard and Süd-Chemie are working together to ensure a seamless transition for customers. Eventually, Engelhard will incorporate production of its newly acquired product line into existing facilities currently producing similar products. Süd-Chemie is creating performance technology as a leading producer and service provider in catalysts and adsorbents and additives with some 60 production and sales companies throughout Europe, America, Africa and Asia.

https://www.chemeurope.com/en/news/5570/engelhard-acquires-sued-chemiess-fats-and-oils-catalyst-business.html