Solvay enters skin care market with acquisition of Dhaymers in Brazil
Sao Paulo, Brazil, December 9, 2014 --- Solvay announces today that it is acquiring Dhaymers, a Brazilian manufacturer of specialty esters, entering the skin care market and expanding its presence in industrial lubricants and mining industries in Latin America.
Solvay's Global Business Unit Novecare has been strengthening its foothold in fast-growing market segments in Latin America. The customized product portfolio of Dhaymers complements Novecare’s acquisition in April of the specialty chemical assets of Erca Química and further increases production capacity.
Through Dhaymers, Solvay Novecare will extend its home & personal care (HPC) portfolio with ingredients for skin care products for consumers in Brazil, which is growing fast as the world’s third largest HPC consumer, and across Latin America. The specialty esters produced by Dhaymers are also used to make emulsions for mining and in lubricants for the metal working industry.
“With Dhaymers, Solvay Novecare bolsters Novecare's portfolio, its locally produced technology and production capacity to supply domestic and export markets,” said Emmanuel Butstraen, President of Solvay Novecare. “Our expansion in the region reflects our commitment to support our customers and will accelerate Solvay Novecare's growth in Latin America.”
Dhaymers is located in Taboão da Serra, 20 km from São Paulo city and its sales reached more than € 8 million in 2013.
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As an international chemical group, SOLVAY assists industries in finding and implementing ever more responsible and value-creating solutions. Solvay generates 90% of its net sales in activities where it is among the world's top three players. It serves many markets, varying from energy and the environment to automotive and aeronautics or electricity and electronics, with one goal: to raise the performance of its clients and improve society's quality of life. The group is headquartered in Brussels, employs about 29,400 people in 56 countries and generated 9.9 billion euros in net sales in 2013. Solvay SA (SOLB.BE) is listed on EURONEXT Brussels and EURONEXT Paris (Bloomberg: SOLB:BB - Reuters: SOLB.BR).
SOLVAY NOVECARE is a worldwide leader in specialty surfactants and a major player in polymers, amines, guar, and phosphorus derivatives. Solvay Novecare engineers and develops formulations that provide consumer products and state-of-the-art industrial applications with specific functional qualities designed to modify fluid behavior and deliver cleansing, dispersal, gelling, moisturizing, penetrating, softening or texturizing properties. These formulations are used in shampoos, detergents, paints and lubricants as well as in crop protection, mining and energy production and stimulation. Novecare, which boasts a worldwide network of 37 manufacturing sites and seven R&D centers, has become the preferred partner of its customers in rapidly growing economies and leverages an innovation platform based on sustainable solutions.