AkzoNobel completes acquisition of Boxing Oleochemicals
By: ICN Bureau
Last updated : March 06, 2018 8:18 pm
AkzoNobel has completed its acquisition of China’s leading specialty surfactant producer, Boxing Oleochemicals. Boxing is a leading supplier of nitrile amines and derivatives, which are used in a variety of industrial and consumer applications
AkzoNobel has completed its acquisition of China’s leading specialty surfactant producer, Boxing Oleochemicals. Boxing is a leading supplier of nitrile amines and derivatives, which are used in a variety of industrial and consumer applications including fabric softeners, asphalt additives, and hair conditioners.
The acquisition will further strengthen AkzoNobel’s leadership position in specialty surfactants while enhancing its manufacturing footprint in Asia. This transaction was first announced on July 27, 2011.
Established in 1993 and based in the province of Shandong, Boxing had revenues in 2010 of approximately ¤100 million; its activities will be integrated into AkzoNobel’s Surface Chemistry business.
Demand in Asia for amines and derivatives is being driven by population growth, the expanding middle class, increased focus on sustainability and the build-up of infrastructure, notably in China and India. The acquisition underlines the company’s determination to accelerate growth and to build leadership positions across all global markets, in line with AkzoNobel’s Value and Values strategy.
Akzo Nobel
Boxing Oleochemicals
First Published : January 11, 2012 12:00 am