Süd-Chemie acquires Scientific Design Company from Linde
Saudi Basic Industries Corporation (SABIC) and Süd-Chemie AG today announced a joint agreement on the acquisition of Scientific Design Company Inc. from Linde AG. Under this changed ownership, Scientific Design will remain an independent entity and continue to license its processes, provide engineering services and sell catalysts to its clients worldwide. SABIC and Süd-Chemie will manage Scientific Design through a fifty-fifty joint venture. Scientific Design is based in Little Ferry, New Jersey, US, its major fields of business being catalysts and process-technology for use in the production of major chemicals such as ethylene oxide and maleic anhydride. With more than 70 employees, the company has recorded sales in the double-digit million range in recent years.
For Süd-Chemie and SABIC, the acquisition represents a significant strategic milestone, ideally enhancing the core activities of both joint-venture partners. Süd-Chemie, which specialises in the development and production of high-performance catalysts, will be adding extremely attractive market segments to its product portfolio, opening up sales potential of more than $200 million. The joint venture will enable SABIC, a leading producer of chemical and petrochemical products, to strengthen its technological position in one of its key areas of activity.
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