Chemical
Hallstar to acquire Lanxess North Carolina esters facility
The acquisition will expand Hallstar’s manufacturing capacity and product portfolio, and will include the ester manufacturing plant, select product lines and site personnel
- By ICN Bureau
| August 07, 2022
US speciality chemical company Hallstar has agreed to acquire Lanxess's esters manufacturing facility in Greensboro, North Carolina.
The acquisition will expand Hallstar’s manufacturing capacity and product portfolio, and will include the ester manufacturing plant, select product lines and site personnel. Financial details of the acquisition, which is expected to close by the end of the year, were not disclosed.
“This strategic acquisition complements Hallstar’s position as a leader in the design, synthesis and manufacturing of specialty ester chemistry,” said chief executive John J. Paro. “We’re glad to see increasing demand for our products but know that our continued success depends on customer’s supply security. The outstanding facility in Greensboro will be a welcome addition to Hallstar’s production capabilities,” he added.
Carmen B. Masciantonio, chief operating officer and president of Hallstar Industrial Solutions, added: “This manufacturing capacity expansion directly enables us to increase our polymeric plasticizer business in the US market.
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