Sun Capital Partners’ affiliate Emerald Performance Materials, a US producer and marketer of chemicals for food and industrial applications, has acquired the business and assets of DSM Special Products.
DSM Special Products is a manufacturer of toluene oxidation products.
The purchase from Royal DSM was approved by the European Commission on 2 December. Terms of the transaction were not disclosed.
DSM Special Products, with a manufacturing site in Rotterdam and a commercial office in Geleen, will become part of the Emerald Kalama Chemical business which produces benzoic acid, sodium benzoate, benzyl alcohol and benzaldehyde out of its Kalama facility.
DSM Special Products uses toluene oxidation technology to create sodium benzoate and benzoic acid sold under the Purox brands, in addition to benzyl alcohol and benzaldehyde. These materials are used as high purity preservatives, antimicrobials, flavour and fragrance ingredients for food and beverages, cosmetic and household products, coatings, agrochemical, pharmaceutical and feed applications.
Christopher H. Thomas, principal, Sun Capital Partners, says: “The acquisition of DSM Special Products will expand Emerald’s presence into Europe and within the specialty chemical industry, reflecting our commitment to the industry and to Emerald’s growth. This is Emerald’s third strategic acquisition, and we will continue to actively pursue acquisitions in this space.”
“The acquisition of DSM Special Products is yet another strong show of Emerald Kalama Chemical’s commitment to operate as a world class organisation focusing on toluene oxidation chemistry in support of our customers worldwide,” adds Edward T. Gotch, president of Emerald Kalama Chemical. “The DSM Special Products acquisition provides Emerald with a significant manufacturing presence in Europe and a great base from which to serve our existing business in Europe, as well as support our growth in that region.”
