Ardian's Italmatch acquires Solvay's additives business

The deal saw Italmatch acquire the products, trademarks, patents and client portfolio from Brussels-based chemical and advanced materials company Solvay. The business will join Italmatch's water management additives business, which trades as Dequest.

The deal comes a year after Italmatch purchased Naples-based GRS Chemical Technologies.

Previous investment
Ardian acquired a majority stake in Italmatch in June 2014 from previous backers Mandarin Capital Partners, marking the company's fifth private-equity-backed buyout.

Company
Solvay's desalination and phosphonates- and phosphoric-acid-based water additives business manufactures speciality chemicals used in the production of personal care, home care and industrial cleaning products, as well as for use in reverse-osmosis and thermal desalination.

Italmatch specialises in performance additives for lubricants, water and oil treatment, and plastics. The group generates revenues of €280m through six European operating facilities located in Italy, Spain, Germany and the UK, as well as a further four based in China and Japan. The company also operates sales and distribution subsidiaries in Belgium, Poland, Japan, Singapore, India, China and the US. The company employs 450 people.

People
Italmatch Chemicals – Sergio Iorio (CEO).

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