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Acquires U.S. coatings additives company for a cash consideration of $33 million
March 1, 2013
By: DAVID SAVASTANO
Editor, Ink World Magazine
Elementis Specialties, Inc announced that it has agreed to purchase the assets of Hi-Mar Specialty Chemicals, a U.S. coatings additives company, for a cash consideration of $33 million. Hi-Mar was established in 1973 and is a leading supplier of defoamers to the coatings, construction and oilfield drilling industries, with manufacturing and technical facilities based in Milwaukee, WI. The acquisition of Hi-Mar will further expand the company’s product and technical service offering in t...
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