Synetix Completes Acquisition of Catalyst Business
ICI Synetix has completed the acquisition of the 'CelActiv' catalyst business from the German manufacturer, Celanese chemicals Europe GmbH, including the manufacturing assets also associated with the 'Hoecat' catalystSynetix is a global business with around 5,000 customers in over 85 countries. The company employs around 800 people worldwide and has production facilities in Germany, India and the UK and sales teams across the globe. It is headquartered at Billingham,Cleveland, UK. Synetix plans to grow its share of the profitable segments of the global $8 billion catalyst market.
High performing catalysts from Synetix are the key technology in the manufacture of chemicals, oleochemicals, edible oils, pharmaceutical intermediates, polymers, oil and gas, ammonia and methanol. business, first announced on January 5.
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