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Valtris Specialty Chemicals Acquires Akcros Chemicals

United States: Valtris Specialty Chemicals, a United States based specialty chemicals provider, completes acquisition of polymer additives manufacturer, that is, Akcros Holdings. Akcros Holdings controls two manufacturing plants, one in New Jersey and another one in Eccles, UK. The acquisition of Akcros Holdings would strengthen Valtris Specialty Chemicals position as a leader in the North America and European specialty chemicals. Additionally, the buyout would enable Valtris to improve its research and development capabilities. Valtris manufactures additives used in polymer processing, chemical intermediates and sealants.

TechSci Research depicts that the acquisition of Akcros Holdings would enable Valtis to cater the growing demand for pigments for application in paints, coatings and polymer processing applications.

According to TechSci Research report, Global Pigments Market By Type, By Application, Competition Forecast and Opportunities, 2011 – 2021”, global pigments market size is estimated to cross $34 billion by 2021. Growth in the market is anticipated on account of continuously increasing demand from major end use industries, such as paints & coatings, printing inks, construction, automotive, etc. Global paints & coating industry stood at around USD122.5 billion in 2011, and is anticipated to reach to USD168.5 billion by 2017, thereby portraying a positive outlook for the global pigments market. 

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