SPARTANBURG, S.C.—Milliken & Co. said it has completed the acquisition of SiVance L.L.C., a privately-held provider of specialty silane, silicone and siloxane intermediates.
SiVance, located in Gainesville, Fla., will become a subsidiary of Milliken. It will complement Milliken's existing portfolio of specialty performance chemicals.
About 150 employees are joining Milliken following the acquisition.
“This acquisition will immediately expand our market space for the chemical division while also building on Milliken's commitment to innovation, technology, and sustainability,” said Joe Salley, president and CEO of Milliken.
“The acquisition of SiVance gives Milliken new technical and innovation capabilities and will enable us to deliver additional products that bring value to customers,” said John Rekers, president of Milliken's chemical division. “These specialized silicone-based technologies will expand and enhance our current offerings and market applications.”