Akcros Chemicals has completed the purchase of the business of Verdex Ltd. who has developed innovative products for use in UV cure and thermoset applications areas. This deal will enable current product developments with existing Verdex clients to be commercialized and the Verdex technology to be further developed in new market areas. To facilitate these developments David Thomson will be joining the Akcros team based in Eccles, Manchester with Ian MacKinnon working in a consultancy role.
Verdex has its origins in Edinburgh where the business based on bio-sourced raw materials has been nurtured and developed since 2008. Renewable chemistry was the mantra from the start and finding innovative renewable solutions for customers particularly in the coatings areas has been the principle objective.
"This business is very complementary to Akcros technology and strategic direction towards renewable chemistries. It will utilize the manufacturing capabilities, technical knowhow and strong brand name of Akcros to bring commercial strength to the Verdex knowhow and patents" said Akcros technical director Jim Pickett. The business will be fully integrated into Akcros, with the Verdanol brand name being retained for products in this sector.
Akcros Acquires Verdex, a Producer of Green UV Curing Products for Coatings, Printing Inks
Published June 19, 2014
Related Breaking News
- Masco Announces Strategic Initiatives to Drive Shareholder Value, Spins Off Installation Division
- AkzoNobel Opens Vehicle Refinishes Plant in China
- Despite Declining Demand, BASF Increases Sales and Earnings in the Third Quarter of 2014
- Biobased Chemicals Attract Huge Investment from Leading Producers in 2014
Related Paint & Coatings Manufacturer News