Nitro Quimica Acquires Substantially All of the Assets of Alchemix

Nitro Quimica Corporation, one of the largest global producers of nitrocellulose resin and nitrocellulose solutions, announces the acquisition, through its U.S. subsidiary, of substantially all of the assets of Alchemix Corporation, a subsidiary of Scholle IPN Corporation, together with the acquisition of Alchemix’s facility in College Park, Georgia. The transaction is aligned with Nitro Quimica’s internationalization plan, enabling the expansion of its product portfolio and strengthening its participation in the North American market.

Alchemix is the largest producer of USP Collodion (a nitrocellulose-based solution for liquid bandages and dermatological products) in North America and is also one of the leading North American companies in providing chemical solutions to segments such as printing inks for packaging, treatments for wood surfaces, leather and automotive refinishing, special adhesives, nail polishes, and sulfuric acid used in dry cell batteries.

“This is a strategic operation for Nitro Quimica for two reasons: the North American market is a leading global market for printing inks for packaging and solutions for pharmaceutical products. The region will have teams fully dedicated to our customers’ businessess and technical needs, which gives our company a major competitive advantage” said Marcos Cruz, Nitro Quimica Chief Executive Officer.

Cruz also emphasizes that investments will be maintained in order to increase production capacity and launch new products. “By the end of 2016, we plan to launch solutions for segments of printing inks, nail polishes, wood processing and automotive refinishing in the United States,” added the executive.

Nitro Quimica’s headquarters, manufacturing plant and Research & Development Center are located in Sao Paulo, Brazil. The company also operates a sales office in Vienna, Austria. With the acquisition of the Alchemix business, Nitro Quimica will maintain a commercial office and an industrial unit in College Park, Georgia, in the United States.