Terms of the transaction, announced Aug. 2 and set to close in the fourth quarter of this year, were not disclosed.
Hallstar to acquire Lanxess ester site in N.C.
"This strategic acquisition complements Hallstar's position as a leader in the design, synthesis and manufacturing of specialty ester chemistry," said Hallstar CEO John J. Paro. "We're glad to see increasing demand for our products but know that our continued success depends on supply security for our customers. The outstanding facility in Greensboro will be a welcome addition to Hallstar's production capabilities."
Hallstar, with locations across the Midwest and internationally, said the acquisition will expand its global portfolio and plasticizer capacity in the Plasthall, Paraplex, Dioplex, Staflex and TegMeR brands.
"This manufacturing capacity expansion directly enables us to increase our polymeric plasticizer business in the U.S. market," said Carmen Masciantonio, chief operating officer and president of Hallstar Industrial Solutions. "The site has significant assets that produce environmentally friendly phthalate-free plasticizers including benzoate and citrate esters under the Uniplex brand, as well as other specialty chemistries."
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