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August 10, 2005
By: KERRY PIANOFORTE
Editor, Coatings World
Cognis Acquires Laporte Performance Chemicals l Cognis has signed a contract to acquire Laporte Performance Chemicals, a subsidiary of the former Laporte plc, which belongs to Degussa AG. The acquisition includes two production and development sites in the UK as well as several distribution companies. The company employs 220. “For Cognis this acquisition is a strategic success,” said Antonio Trius, chief executive officer of Cognis. “Laporte Performance Chemicals provides an optimum enhancement to our product portfolio in the functional products business unit. One of the decisive factors for the acquisition was that Cognis will be able to strengthen its approach of ecologically sustainable chemicals as well as enter newly emerging markets.” UK-based Laporte Performance Chemicals manufactures components for environmentally friendly paint systems, as well as synthetic lubricants.
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