Solvay has completed the acquisition of the specialty chemical assets of ERCA Química, Ltda. in Brazil
Brussels, April 3rd, 2014 --- Solvay has completed the acquisition of the specialty chemical assets of ERCA Química, Ltda. in Brazil, enabling the Group to more than double its surfactant production capacity in the country and to expand its access to one of the world’s largest personal care and agrochemicals markets.
The acquisition’s conclusion comes one month after the Brazilian competition authority CADE cleared the transaction between Solvay's global business unit Novecare and ERCA, based in Itatiba city in the state of Sao Paulo.
The transaction includes ERCA’s local specialty chemical assets, its portfolio of agrochemicals as well as home & personal care products, which strengthens Novecare’s commercial network, closeness to customers and innovation pipeline.
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 aerospace 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 is listed as SOLB.BE on NYSE Euronext in Brussels and 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 25 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.