Halox, based in Hammond, Indiana, has been acquired by ICL Performance Products (ICL-PP), one of the core operating segments of ICL.
Halox is a division of the Hammond Group and a provider of specialty phosphate-based corrosion inhibitor solutions for the coating and paint industry. The transaction also includes purchase of Halox's manufacturing assets, research and development activities and a wide distribution network for phosphate-based products.
ICL Performance Products’ President, James Moffatt stated that Halox is recognized as a leader in the corrosion-resistant coatings market with excellent reputation for service and quality. The purchase of Hammond Group’s division will expand ICL-PP’s specialty phosphate offerings for the paints and coatings industry. In addition, it expands ICL-PP’s American operations and reinforces the company’s position in the worldwide specialty phosphates industry. The acquisition has been finalized on October 1, 2011 and Halox will now operate as a segment of ICL-PP.
ICL-PP is a producer and marketer of food-grade phosphoric acid, specialty phosphates, technical phosphate products, phosphate salts and services, as well as several food-grade additives and hygiene products. The company serves asphalt paving, industrial cleaning, metal treatment, paper, construction, water treatment and detergent markets. ICL-PP operates manufacturing plants in China, Australia, Israel, North and South America and Europe.
Source: http://www.icl-perfproductslp.com/