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US Zinc appoints Azelis to sell its ZnO in Canada
FOCUS business and assets of Hudson Color Concentrates, which has plants at Leominster, MA and Niles, IL, employing 45 people altogether. The activities of the two companies are complementary: Breen specialises in vinyl colour concentrates, while Hudson specialises in nylon-based colour concentrates. The enlarged Breen Color Concentrates is expected to increase its sales revenue to $65 M in 2016/17. Original Source: Plastics News, 24 Feb 2016, (Website: http://www.plasticsnews.com) © Crain Communications Inc 2016
Frutarom buys Grow Co Inc & the Wiberg group The active programme of acquisitions pursued by Frutarom Industries (headquartered in Herzelia, Israel), one of the world's top ten suppliers of natural colours and flavour additives, continues apace. Last year, Frutarom made a total of 12 acquisitions, boosting its manufacturing presence in Belgium, China, India, Poland, Slovenia, Spain and the United Kingdom. (See 'Focus on Pigments', Apr 2015, 5 & Aug 2015, 6 & Oct 2015, 7 & Jan 2016, 7). In mid-January 2016, Frutarom paid $20 M to acquire the entire business and assets of Grow Co Inc (headquartered in Ridgefield, NJ). At the end of January 2016, Frutarom completed the acquisition of the Wiberg group for €119 M (roughly equivalent to $130 M). This brings the total number of acquisitions accomplished over the past five years to 31 and Frutarom is well on the way to achieving its target of $2 bn sales revenue by 2020, with a profitability margin (earnings before interest, tax, depreciation and amortisation) in core activities of more than 22%. Grow Co Inc was founded in 1977 by Dr Andrew Szalay, who had studied at Szeged University (Hungary) under the Nobel Laureate, Prof Albert Szent-Györgi. Over the past 38 years, the company has developed a wide range of unique biotechnological methods for producing natural colorants and flavours for the food, cosmetics and healthcare sectors. Mr Ori Yehudai (President & CEO of Frutarom) said: "Thanks to Frutarom's proven experience in successfully carrying out acquisitions and realising the synergies arising from combining the acquired activity with Frutarom's activity and the many cross-selling opportunities, we are convinced this acquisition too will contribute towards Frutarom's continuing rapid and profitable growth and generate APRIL 2016
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high value for our customers, employees and investors.'' The Wiberg group was founded in 1947 and has established itself as one of the world's leading suppliers of nonsweet flavours that are mainly used in the processed meat and convenience foods sector. The group consists of the parent company Wiberg GmbH (formerly known as Sagema, based in Salzburg, Austria) and Wiberg GmbH (registered in Freilassing in Bavaria, 10 km north of Salzburg across the German border) plus their 50% stake in a Canadian joint venture and a 51% stake in a Turkish joint venture. Freilassing is the site of the group's largest and most modern production facility. Wiberg has 670 employees and has made a preliminary estimate for full-year 2015 of earnings (EBITDA) at €17 M on sales revenues of €155 M. Mr Yehudai said: "We have so far focussed on small-medium sized acquisitions. But over time, I see our acquisitions getting bigger. I suspect that we will embark on a few $100 M plus acquisitions in the near future. It's about finding the technological vehicles that allow us to create innovations so that we can come to the global food industry with solutions. Certainly, the Wiberg acquisition is the largest strategic acquisition we have carried out so far. It constitutes an important milestone for Frutarom Group's continuing implementation of its rapid growth strategy and the realisation of our vision to be the preferred partner for tasty and healthy success' while establishing our position as one of the world's largest, foremost and fastest growing companies in the fields of taste and health.'' For full-year 2015, Frutarom reported earnings (EBITDA) at $170 M, excluding $2.8 M worth of non-recurring expenses. This represented a 26.4% increase on the 2014 figure. Sales revenues increased by 6.5% to reach $873 M. Sales and earnings for 2016 will be substantially higher thanks to contributions from all of the recently acquired businesses plus contributions from the newly opened production facilities in China and South Africa. Original Source: Frutarom Ltd, 12 Jan, 31 Jan, 17 Mar & 10 Apr 2016 (32 Pinhas Rosen Street, PO Box 3088, 46104 Herzelia, Israel, Website: http://www.frutarom.com) © Frutarom 2016
Sirmax acquires Nord Color Sirmax (headquartered in Cittadella) has completed the acquisition of Nord Color (of San Vito al Tagliamento, 110 km
northeast of Padova). The transaction was valued at €10 M. Sirmax, originally founded in 1964 under the name Sirte, is now the second largest independent polypropylene compounder in Europe, with three plants in Italy – at Cittadella (35 km north of Padova), Villaverla (50 km northwest of Padova) and Tombolo (30 km north of Padova) – plus a plant in Poland, at Kutno (60 km north of Lodz). Sirmax also has plastics compounding plants at Jundiai (60 km northwest of Sao Paulo, Brazil) and at Anderson, IN (70 km northeast of Indianapolis in the US). Sirmax also has sales subsidiaries in France, Germany and Spain. In 2015, Sirmax reported a 20% increase in worldwide output to 132,000 tonnes and a 31% increase in sales revenues to €210 M. Nord Color, founded in 1981, specialises in high-performance technical plastic compounds for use in applications in the automotive, electric, electronic, furniture, construction, sports and leisure sectors. For 2015, Nord Color reported production capacity at 12,000 tonnes/y. The company employed 70 people and its sales revenue was approaching €35 M last year. Thanks to the Nord Color acquisition and the first full year of production from its US plant, Sirmax anticipates producing a total of 175,000 tonnes in 2016, including 28,000 tonnes as compounds based on engineering polymers. Sales revenue is forecast at €260 M, indicating that the company is on course to reach its declared target of €300 M in 2018. Original Source: Compounding World, Jan 2016, 5 (Website: http://www.amiplastics.com/ mags) © Applied Market Information Ltd 2016. Original Source: Sirmax SpA, 29 Feb 2016 (Via dell’Artigianato 42, 35013 Cittadella (PD), Italy, Website: http://www.sirmax.it) © Sirmax 2016
US Zinc appoints Azelis to sell its ZnO in Canada Effective as from 18 February 2016, Azelis Americas was appointed as US Zinc's Canadian distributor in respect of its zinc oxide and zinc dust products. Following an expansion programme completed 18 months ago, US Zinc (part of the Votorantim Metais group, headquartered in Sao Paulo, Brazil) now has a total zinc oxide capacity of 77,000 tonnes/y. (See also 'Focus on Pigments', Jan 2015, 5). Original Source: Ink World, 19 Feb 2016, (Website: http://www.inkworldmagazine.com) © Rodman Media 2016
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Frutarom buys Grow Co Inc & the Wiberg group The active programme of acquisitions pursued by Frutarom Industries (headquartered in Herzelia, Israel), one of the world's top ten suppliers of natural colours and flavour additives, continues apace. Last year, Frutarom made a total of 12 acquisitions, boosting its manufacturing presence in Belgium, China, India, Poland, Slovenia, Spain and the United Kingdom. (See 'Focus on Pigments', Apr 2015, 5 & Aug 2015, 6 & Oct 2015, 7 & Jan 2016, 7). In mid-January 2016, Frutarom paid $20 M to acquire the entire business and assets of Grow Co Inc (headquartered in Ridgefield, NJ). At the end of January 2016, Frutarom completed the acquisition of the Wiberg group for €119 M (roughly equivalent to $130 M). This brings the total number of acquisitions accomplished over the past five years to 31 and Frutarom is well on the way to achieving its target of $2 bn sales revenue by 2020, with a profitability margin (earnings before interest, tax, depreciation and amortisation) in core activities of more than 22%. Grow Co Inc was founded in 1977 by Dr Andrew Szalay, who had studied at Szeged University (Hungary) under the Nobel Laureate, Prof Albert Szent-Györgi. Over the past 38 years, the company has developed a wide range of unique biotechnological methods for producing natural colorants and flavours for the food, cosmetics and healthcare sectors. Mr Ori Yehudai (President & CEO of Frutarom) said: "Thanks to Frutarom's proven experience in successfully carrying out acquisitions and realising the synergies arising from combining the acquired activity with Frutarom's activity and the many cross-selling opportunities, we are convinced this acquisition too will contribute towards Frutarom's continuing rapid and profitable growth and generate APRIL 2016
ON
PIGMENTS
high value for our customers, employees and investors.'' The Wiberg group was founded in 1947 and has established itself as one of the world's leading suppliers of nonsweet flavours that are mainly used in the processed meat and convenience foods sector. The group consists of the parent company Wiberg GmbH (formerly known as Sagema, based in Salzburg, Austria) and Wiberg GmbH (registered in Freilassing in Bavaria, 10 km north of Salzburg across the German border) plus their 50% stake in a Canadian joint venture and a 51% stake in a Turkish joint venture. Freilassing is the site of the group's largest and most modern production facility. Wiberg has 670 employees and has made a preliminary estimate for full-year 2015 of earnings (EBITDA) at €17 M on sales revenues of €155 M. Mr Yehudai said: "We have so far focussed on small-medium sized acquisitions. But over time, I see our acquisitions getting bigger. I suspect that we will embark on a few $100 M plus acquisitions in the near future. It's about finding the technological vehicles that allow us to create innovations so that we can come to the global food industry with solutions. Certainly, the Wiberg acquisition is the largest strategic acquisition we have carried out so far. It constitutes an important milestone for Frutarom Group's continuing implementation of its rapid growth strategy and the realisation of our vision to be the preferred partner for tasty and healthy success' while establishing our position as one of the world's largest, foremost and fastest growing companies in the fields of taste and health.'' For full-year 2015, Frutarom reported earnings (EBITDA) at $170 M, excluding $2.8 M worth of non-recurring expenses. This represented a 26.4% increase on the 2014 figure. Sales revenues increased by 6.5% to reach $873 M. Sales and earnings for 2016 will be substantially higher thanks to contributions from all of the recently acquired businesses plus contributions from the newly opened production facilities in China and South Africa. Original Source: Frutarom Ltd, 12 Jan, 31 Jan, 17 Mar & 10 Apr 2016 (32 Pinhas Rosen Street, PO Box 3088, 46104 Herzelia, Israel, Website: http://www.frutarom.com) © Frutarom 2016
Sirmax acquires Nord Color Sirmax (headquartered in Cittadella) has completed the acquisition of Nord Color (of San Vito al Tagliamento, 110 km
northeast of Padova). The transaction was valued at €10 M. Sirmax, originally founded in 1964 under the name Sirte, is now the second largest independent polypropylene compounder in Europe, with three plants in Italy – at Cittadella (35 km north of Padova), Villaverla (50 km northwest of Padova) and Tombolo (30 km north of Padova) – plus a plant in Poland, at Kutno (60 km north of Lodz). Sirmax also has plastics compounding plants at Jundiai (60 km northwest of Sao Paulo, Brazil) and at Anderson, IN (70 km northeast of Indianapolis in the US). Sirmax also has sales subsidiaries in France, Germany and Spain. In 2015, Sirmax reported a 20% increase in worldwide output to 132,000 tonnes and a 31% increase in sales revenues to €210 M. Nord Color, founded in 1981, specialises in high-performance technical plastic compounds for use in applications in the automotive, electric, electronic, furniture, construction, sports and leisure sectors. For 2015, Nord Color reported production capacity at 12,000 tonnes/y. The company employed 70 people and its sales revenue was approaching €35 M last year. Thanks to the Nord Color acquisition and the first full year of production from its US plant, Sirmax anticipates producing a total of 175,000 tonnes in 2016, including 28,000 tonnes as compounds based on engineering polymers. Sales revenue is forecast at €260 M, indicating that the company is on course to reach its declared target of €300 M in 2018. Original Source: Compounding World, Jan 2016, 5 (Website: http://www.amiplastics.com/ mags) © Applied Market Information Ltd 2016. Original Source: Sirmax SpA, 29 Feb 2016 (Via dell’Artigianato 42, 35013 Cittadella (PD), Italy, Website: http://www.sirmax.it) © Sirmax 2016
US Zinc appoints Azelis to sell its ZnO in Canada Effective as from 18 February 2016, Azelis Americas was appointed as US Zinc's Canadian distributor in respect of its zinc oxide and zinc dust products. Following an expansion programme completed 18 months ago, US Zinc (part of the Votorantim Metais group, headquartered in Sao Paulo, Brazil) now has a total zinc oxide capacity of 77,000 tonnes/y. (See also 'Focus on Pigments', Jan 2015, 5). Original Source: Ink World, 19 Feb 2016, (Website: http://www.inkworldmagazine.com) © Rodman Media 2016
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