The transaction officially closed on Tuesday, Jan. 28, 2020.
“When great teams come together, big things happen,” said Halsey Cook, Milliken & Company president and CEO. “I’m excited to combine Borchers’ capabilities with Milliken’s long-term view and focus on innovation and sustainability.”
“Borchers brings expertise, products and customer knowledge in the paint and coatings industry,” added Russ Rudolph, senior VP, Milliken’s Coating Additives Business. “Combined with Milliken’s commitment to invest in long-term sustainable innovation and specialty chemicals global reach, this acquisition will accelerate solutions for the markets and customers we serve.”
As Borchers integrates into Milliken, daily operations will continue without interruption, including relationships with existing suppliers and customers.