Solvay expands in Latin America with latest acquisition

Published: 16-Dec-2014

The specialty surfactants company is due to acquire Dhaymers

Specialty surfactants company Solvay has announced its intention to acquire Brazilian manufactuer of specialty esters Dhaymers.

The acquisition reflects Solvay's epxanding presence in Latin America, specifically in skin care. Through Dhaymers, Solvay plans to extend its home and personal care portfolio with ingredients for skin care products for consumers in Brazil.

Emmanuel Butstraen, President of Solvay Novecare, said: “With Dhaymers, Solvay Novecare bolsters Novecare's portfolio, its locally produced technology, and production capacity to supply domestic and export markets. Our expansion in the region reflects our commitment to support our customers and will accelerate Solvay Novecare's growth in Latin America.”

In 2013, Dhaymers sales topped €8m; the company is located in Taboão da Serra, 20km from São Paulo city.

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