Italmatch Chemicals, a global speciality chemical group focussed on the production and marketing of performance additives for water & process treatment, oil & gas, industrial lubricants and plastics, is to acquire BWA Water Additives, a global provider of sustainable water management solutions for the oil & gas, industrial water treatment and desalination industries.
This combination of two highly complementary companies allows the development of strategic, commercial and industrial synergies, consistent with the aim of expanding and broadening Italmatch Chemicals’ current production and marketing capabilities for water management chemicals. BWA Water Additives, having more than 40 years’ experience in the marketing of water & process treatment additives, provides a comprehensive range of highly specialised chemical solutions and associated services, which are highly complementary with Italmatch Chemicals’ product range, technologies and commercial approach to the fast growing water treatment industry.
Sergio Iorio, CEO of Italmatch Chemicals Group, says: “This transaction represents a unique opportunity to further increase our business, enhancing our innovative footprint in the water & process treatment applications field, and to continue the Group’s growth through high quality, research & development and ‘best in class’ technology offerings for the most demanding applications. We see BWA as the ideal partner, sharing our strategic view to grow through innovative and tailor-made solutions. In addition, BWA complements Italmatch Chemicals’ product portfolio with a broad range of biocides for IWT and Oil & Gas applications”.
The transaction, which is subject to customary regulatory approvals, is expected to close during the first quarter of 2019.
