I D
× COMMENTARYCOVER STORYIN THE NEWSCHEMENTATOR + Show More BUSINESS NEWSTECHNICAL & PRACTICALFEATURE REPORTFACTS AT YOUR FINGERTIPSTECHNOLOGY PROFILESOLIDS PROCESSINGENGINEERING PRACTICEENVIRONMENTAL MANAGEREQUIPMENT & SERVICESFOCUS
Focus on Valves
    A new motorized control valve for the semiconductor…
NEW PRODUCTS + Show More

Comment

Milliken & Company acquires additives specialist Borchers Group

By Mary Page Bailey |

Milliken & Company (Spartanburg, S.C.; www.milliken.com) announced that it has signed an agreement to acquire Borchers Group Ltd. (Westlake, Ohio; www.borchers.com),  a global specialty chemicals company known for its high-performance coating additives and specialty catalyst solutions from The Jordan Company, L.P. (TJC). The acquisition is expected to close in January 2020, subject to customary closing conditions.


Borchers carries a respected portfolio of additives for the coatings, inks and adhesives markets with a comprehensive range of cobalt-free driers, dispersants, rheology modifiers, wetting agents, polymerization catalysts and adhesion promoters. The addition of Borchers—particularly its expertise in specialty coating additives—further builds Milliken’s comprehensive solutions portfolio, aligned with the company’s strategic objective to develop a global range of growth platforms.


“I’m thrilled to accelerate our commitment to innovation and sustainability with the acquisition of a company so aligned with our values,” shared Halsey Cook, president and CEO of Milliken & Company. “Borchers brings particular technical expertise that will boost Milliken’s strengths and propel our growth.”


Devlin Riley, president & CEO of Borchers, said, “We are ecstatic about partnering with Milliken to further invest in our business, build out our global platform and continue providing innovative and satisfying solutions to our customers. Combining our capabilities and approach with the depth of Milliken’s technology and innovation will allow us to provide exemplary solutions to the markets we serve. I want to thank the TJC team for their guidance and strong partnership.”


“We look forward to taking scientific leaps forward for our customers as we combine the strengths of Borchers and Milliken,” said Russ Rudolph, senior vice president, Milliken’s Chemical Division. “Borchers expands our reach and grows our technological expertise, enabling us to further chemical innovation in the global specialty chemicals market.”


Jones Day represented Milliken in the transaction. Moelis & Company LLC acted as financial advisor, and Mayer Brown LLP acted as legal advisor to Borchers and TJC.

Related Content

Chemical Engineering publishes FREE eletters that bring our original content to our readers in an easily accessible email format about once a week.
Subscribe Now
Metering gas in biogas plants
Wet process analyzer for FPD and solar cell manufacturing for semi-conductors
Fluidized bed drying and cooling for temperature-sensitive polymers and plastics
CoriolisMaster: The SmartSensor solution
The Big 6 flowmeter technologies: Where to use them and why

View More