INDEPENDENCE, OHIO – August 1, 2018 – Valtris Specialty Chemicals (“Valtris”) is pleased to announce it has acquired INEOS ChloroToluenes (“ICT”) and INEOS Baleycourt (“BC”), collectively the “Companies,” from INEOS Enterprises. The combination creates a global specialty chemicals business with a broad product portfolio, strong technical capabilities and world-class customer service.
With production facilities in Belgium and the Netherlands, ICT is a leading producer of chlorinated toluenes and related derivatives that are used in coatings, flavor & fragrance, personal care and pharmaceutical applications. Based in northeast France, Baleycourt produces high-quality products that serve the polymer additives, lubricant, renewable energy and food markets.
Paul Angus, CEO of Valtris commented, “ICT and Baleycourt are highly strategic acquisitions with strong secular growth drivers that significantly enhance our product portfolio, expand our European presence and strengthen our technology and production capabilities. We are excited to offer our customers an even broader solution offering and pursue the attractive, new growth opportunities that the acquisitions create.”
Ashley Reed, CEO of INEOS Enterprises added, “We are proud of ICT and Baleycourt’s accomplishments as part of the INEOS family. Both Companies have built industry leading businesses with reputations for product quality, service reliability and customer satisfaction. We are confident that the Valtris team is the right partner for ICT, Baleycourt, and their employees.”
Valtris Specialty Chemicals, based in Independence, OH, is a leading manufacturer of specialty chemicals primarily used as additives in the production and processing of plastics. These chemicals impart critical attributes to plastics including resiliency, flexibility and ease of processing. Valtris operates seven manufacturing facilities globally, five within the US, one in the UK and one in India. For more information, visit http://www.valtris.com/.
About INEOS Enterprises
INEOS ChloroToluenes and INEOS Baleycourt are a part of INEOS Enterprises (http://www.ineosenterprises.com) which comprises a portfolio of businesses manufacturing chemical products in Northern Europe, with sales of €2bn around the world. INEOS Enterprises is focused on the developing needs of customers and rapid growth through investment in new products and manufacturing facilities or by acquisition. INEOS Enterprises employs 2,000 people across sites in the UK, France, Germany, Sweden, Switzerland, Belgium, Netherlands, and the USA.