ICL Performance Products, a global specialty phosphate producer, has acquired Halox, a division of Hammond Group, Inc. The Hammond, Ind.-based company is an industry leader in specialty phosphate-based, corrosion inhibitor products for the paint and coating industry, which are sold under the Halox brand name. The acquisition closed October 1, 2011.
“Halox is a highly respected leader in the market for corrosion-resistant coatings with an outstanding reputation for quality and service,” said James Moffatt, president of ICL Performance Products LP (Americas). “This acquisition will extend our technical phosphate specialties offerings for the paints and coatings sector while expanding our operations in the Americas, thereby strengthening our position as a global leader in the specialty phosphates industry.”
The acquisition includes Halox’s research and development activities and manufacturing assets, as well as Halox’s extensive distribution network for its phosphates-based products. Halox will operate as a division of ICL Performance Products LP.