Poly­mer So­lu­tions ac­quires Phoenix Chem­i­cal

Chemical Industry Digest - - News & Views -

Poly­mer So­lu­tions Group ac­quired Phoenix Chem­i­cal Co. Inc. as part of an ef­fort to strengthen its po­si­tion in the soft floor mar­ket and to broaden the reach of its prod­uct line

Based in US, PSG is a lead­ing man­u­fac­turer of spe­cialty poly­mers and ad­di­tives and a port­fo­lio com­pany of ven­ture cap­i­tal firm Arse­nal Cap­i­tal Part­ners. The ac­qui­si­tion of Phoenix Chem­i­cal was the lat­est in a string of pur­chases for PSG, which has eight man­u­fac- tur­ing fa­cil­i­ties.

Phoenix Chem­i­cal is a spe­cialty chem­i­cal man­u­fac­turer and dis­trib­u­tor fo­cused on the car­pet, tex­tile, wa­ter treat­ment, and house­hold, in­dus­trial and in­sti­tu­tional chem­i­cals mar­kets. Pres­i­dent and CEO Mike Ivany said, the ac­qui­si­tion al­lowed PSG to gain fur­ther in-house knowl­edge in the for­mu­lated chem­i­cal sys­tems area that al­lows for en­hanced pro­cesses, per­for­mance and pro­tec­tion for its prod­ucts.

Branded as Sure Mix by PSG, the com­pany is build­ing a new plant in Al­bany that will man­u­fac­ture sil­ica filler. It is ex­pected to be fin­ished by the fourth quar­ter of 2018 and will in­clude nearly 20,000 tons of ca­pac­ity at the site of the for­mer head­quar­ters of Sasco. This in­vest­ment in sil­ica filler rep­re­sents a sig­nif­i­cant growth op­por­tu­nity for the com­pany, Ivany said.

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