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Elementis to Acquire Deuchem Co., Ltd.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Elementis plc announced that it has agreed, through its wholly owned subsidiary Elementis Holdings Limited, to purchase Deuchem Co., Ltd., a Taiwan-based company, for a cash consideration of £40.4 million. Deuchem had £37.9 million in sales in 2007, with after-tax profits of £3.6 million.
    
Established in 1978, Deuchem is a leading supplier of additives and resins to the coating and related industries, with three sales offices in Taiwan and 11 sales offices in China, together with manufacturing and technical facilities near Taipei and in Shanghai.

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