PaintSquare.com
      | Connect Follow us on Twitter Like us on Facebook
About | Subscribe | Advertise
  

 

Paint and Coatings Industry News

Main News Page


Clariant Sells Specialty Silicones Business

Tuesday, September 1, 2009

Comment | More

Clariant (Charlotte, NC) has announced the sale of its specialty silicones business, including its Gainesville, FL, facility, to SiVance LLC, an affiliate of New York-based GenNx360 Capital Partners. GenNx360 is a private equity firm focused on industrial business-to-business companies. Financial terms of the transaction, which took effect September 1, were not disclosed.

The Gainesville-based business specializes in the use of silicone-based chemistry for ingredients used in construction, personal care, pharmaceutical and electronics markets. The business employs about 120 people, all of whom are expected to transfer to SiVance. Clariant acquired the specialty silicones business and the Gainesville site in 2000 through the company’s purchase of UK-based BTP.

“The sale is good news for Gainesville site employees, for SiVance and GenNx360 Capital Partners and for Clariant,” says Clariant’s North American region head Ken Golder. “We have decided to divest this business because its focus on developing complex but small-quantity silicone products is not closely aligned to Clariant’s business model and strategic direction.”

Clariant is part of Clariant International, a Swiss company that makes chemicals for coatings and other products.

 

   

Tagged categories: Acquisitions

Comment Join the Conversation:

Sign in to our community to add your comments.

KTA-Tator, Inc. - Corporate Office
KTA Analyzes
Coating Failures

• Field Diagnosis
• Lab Diagnosis
• Determination of Cause
• Recommendations
www.kta.com
800-245-6379


Dampney Co., Inc.
Rubber In a can!

Rubberized Spray in a
Handy Aerosol Can

• Stays flexible
• Seals off moisture penetration
• Non sagging formulation
• Will not crack, chip or peel
• Apply to wet and dry surfaces
• Paintable


Midsun Specialty Products
Stopaq 30+ Year Coatings

Use Stopaq corrosion prevention coatings on pipelines, field joints, tank chimes, structural steel and more. Learn more at www.midsunsp.com/stopaq


LPI Incorporated
LPI, Inc.

Manufactures air-powered man lifts for use in prep, paint and blast booths. Standard and custom designs.
Phone 800-657-6956 or www.lpi-inc.com


SAFE Systems, Inc.
Custom blast rooms
by SAFE Systems

Don't waste time and money "making do" with a "standard" design. Let us work with you to design and build the
system that best fits
your requirements.
Call 1-800-634-7278


US Minerals
US Minerals -
Black Magnum

With nationwide production and distribution capabilities, U.S. Minerals supplies a complete range of coal slag and other abrasives to meet all of your blasting needs.


DRYCO
Control the Tank with DRYCO

Temporary climate control equipment. Dehumidifiers,
Heaters, A/C, Power, More…
Toll Free: 866-379-2600


Novetas Solutions
Number 1 Crushed Glass Abrasive in America!

Manufactured from 100% Recycled Glass.
NO Crystalline Silica,
Beryllium & Arsenic
Great White Metal Finish!
4 plants on Navy QPL
Call us at 866-775-6226


Harsco
Find BLACK BEAUTY® Abrasives

Use our online tool to search by address, city or zip code to find where you can buy BLACK BEAUTY® abrasives. Or call us toll free: 1-888-733-3646

 
 
 
Technology Publishing

The Technology Publishing Network

The Journal of Protective Coatings & Linings (JPCL) PaintSquare
Durability + Design Paint BidTracker

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us
 

© Copyright 2000-2015, Technology Publishing / PaintSquare, All rights reserved
2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail webmaster@paintsquare.com