11.02.18
Orion Engineered Carbons S.A. said it has reached an agreement to acquire Acetylene Carbon Black manufacturer Société du Noir d'Acétylène de l'Aubette, SAS [SN2A] from LyondellBasell Industries Holdings B.V. and its French affiliate.
SN2A was founded in 1987 and is headquartered at Berre l'Etang, near Marseille, France.
Acetylene Black is an ultra-pure premium Specialty Carbon Black distinguished by its high electrical and thermal conductivity. Lithium-ion batteries and high-end electrical cables are key applications for this material.
“SN2A brings us a skilled team, proven technology and an operating plant. With this platform we are going to significantly strengthen our capabilities in the lithium-ion battery market and broaden our position in other attractive markets,” said Corning F. Painter, CEO of Orion Engineered Carbons. “This bolt-on acquisition is a perfect fit with Orion’s focus on Specialty Carbon Blacks.”
The agreement with LyondellBasell includes provisions for a secured long-term feedstock supply. Orion plans to strengthen production capabilities at the Berre l’Etang facility.
The transaction closed on Oct. 31, 2018.
SN2A was founded in 1987 and is headquartered at Berre l'Etang, near Marseille, France.
Acetylene Black is an ultra-pure premium Specialty Carbon Black distinguished by its high electrical and thermal conductivity. Lithium-ion batteries and high-end electrical cables are key applications for this material.
“SN2A brings us a skilled team, proven technology and an operating plant. With this platform we are going to significantly strengthen our capabilities in the lithium-ion battery market and broaden our position in other attractive markets,” said Corning F. Painter, CEO of Orion Engineered Carbons. “This bolt-on acquisition is a perfect fit with Orion’s focus on Specialty Carbon Blacks.”
The agreement with LyondellBasell includes provisions for a secured long-term feedstock supply. Orion plans to strengthen production capabilities at the Berre l’Etang facility.
The transaction closed on Oct. 31, 2018.
