ICIG acquires Valtris’ European Advanced Organics business

International Chemical Investors Group (ICIG) has acquired the European Advanced Organics business from Valtris Specialty Chemicals. The transaction includes production facilities in Tessenderlo, Belgium, and Maastricht, the Netherlands, as well as a portfolio of benzyl chloride and derivatives products produced at these sites.

The acquired business will join ICIG’s vinyl chloride platform, Vynova, and has been renamed Vynova Advanced Organics.

The product portfolio of the acquired Advanced Organics business includes a wide range of chlorinated toluenes and their derivatives, key chemical intermediates, which are widely used in a wide range of markets including coatings, flavors and fragrances, personal care, agrochemicals and pharmaceutical applications.

Vynova Belgium is the group’s largest production site and corporate headquarters, headquartered in Tessenderlo.

ICIG said the acquisition does not include Valtris’ North American benzyl chloride production at its Delaware River plant, which will continue to be produced as part of Valtris Specialty Chemicals.

Johan Van Den Broeck, Executive Vice President Commercial at Vynova, said: “This strategic acquisition allows us to achieve forward integration and include benzyl chloride and its derivatives made from the chlorine we produce into our product portfolio.”

Simon Medley, CEO of Valtris Specialty Chemicals, added: “We are pleased to have found a strategic fit for the European Advanced Organics business and assets that is in the best interests of our employees, customers and suppliers. This allows Valtris to focus on the core of its portfolio and become a global leader in specialty performance additives.”

Hennk Veldink, COO of the Vynova Group, added: “We are pleased to welcome our colleagues from Tessenderlo and the Maastricht site back to the Group. In addition to the operational and commercial synergies that this acquisition brings, it further strengthens our presence in Tessenderlo.”