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Milliken Acquires Coating Additive Company

Wednesday, January 22, 2020

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Manufacturing firm Milliken & Company (Spartanburg, South Carolina) announced earlier this month that it has signed an agreement to acquire Borchers Group Limited—a global specialty chemicals company known for its high-performance coating additives—from The Jordan Company, L.P.

Headquartered in Westlake, Ohio, Borchers portfolio includes additives not just for coatings but for inks and adhesives as well, in addition to a range of cobalt-free driers, dispersants, rheology modifiers, wetting agents, polymerization catalysts and adhesion promoters, according to Milliken.

According to the company, the acquisition aims to aid in the expansion into special coating additives capabilities.

“I’m thrilled to accelerate our commitment to innovation and sustainability with the acquisition of a company so aligned with our values,” said Halsey Cook, president and CEO of Milliken & Company. “Borchers brings particular technical expertise that will boost Milliken’s strengths and propel our growth.”

The deal is expected to officially close this month. Financial terms were not disclosed.

"We are ecstatic about partnering with Milliken to further invest in our business, build out our global platform and continue providing innovative and satisfying solutions to our customers,” Devlin Riley, President and CEO of Borchers, said.

“Combining our capabilities and approach with the depth of Milliken's technology and innovation will allow us to provide exemplary solutions to the markets we serve. I want to thank the TJC team for their guidance and strong partnership."

   

Tagged categories: Acquisitions; Additives; Business matters; Good Technical Practice; Mergers; Milliken; NA; North America

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