Air Products completes Tomah3 products acquisition to grow performance materials business

05-Apr-2006

Air Products announced that it completed the acquisition of Tomah3 Products of Milton, Wis., for approximately $115 million in cash on March 31. The acquisition, initially announced on March 22, increases the size of Air Products' Performance Materials business and will capitalize on the company's surface science expertise and high growth market opportunities. Tomah produces specialty surfactants and processing AIDS primarily for growth segments of the institutional and industrial cleaning, mining and oil field industries, among others.

Through a commercial and product development relationship formed in 2004, Air Products and Tomah have been developing customized offerings for high growth segments of their target industries that benefit from the unique combinations of the companies' technologies. The Tomah acquisition reflects Air Products' Performance Materials strategy to expand its presence in profitable market segments where it can build on its surface science expertise and leverage its global scope and supply chain capabilities. Tomah's product lines, production capabilities and market channels support this strategy.

"Tomah's product mix complements Air Products' specialty surfactant and specialty amine offerings with new product applications and new market channels. Our Performance Materials business is a strategic growth platform for us, and Tomah has unique capabilities to create high value products. Together, the combined product lines and technical expertise will allow us to enhance our offerings to our core market segments in coatings, inks and adhesives, and provide access to exciting, high growth segments that are well served by Tomah," said Wayne Mitchell, vice president and general manager of Air Products' Performance Materials Division.

https://www.chemeurope.com/en/news/53687/air-products-completes-tomah3-products-acquisition-to-grow-performance-materials-business.html