Hercules Acquires Specialty Surfactants Business of Dexter Chemical L.L.C.
Tuesday August 28, 4:00 pm ET
WILMINGTON, Del.--(BUSINESS WIRE)--Hercules Incorporated today announced it has completed the purchase of the specialty surfactants business of Dexter Chemical L.L.C. Under terms of the agreement, Hercules Incorporated is acquiring the business related to Dexter's product portfolio of phosphate ester surfactants sold under the Strodex® and Dextrol® trademarks.
Dexter is a leader in phosphate ester surfactants utilized in paints and coatings where the products are used to enhance gloss retention, promote surface wetting and improve color stability. Products have also been recently developed and optimized for use in low-VOC (volatile organic chemical) coatings formulations.
Commenting on the transaction, Craig Rogerson, President and Chief Executive Officer of Hercules, said, "This business is an excellent fit for Aqualon's Coatings Additives business. It will broaden Aqualon's existing portfolio of products for the paint industry and strengthen its overall market position."
Hercules manufactures and markets chemical specialties globally for making a variety of products for home, office and industrial markets.
A world leader in phosphate ester chemistry, Dexter Chemical has been serving the Paint & Coatings, Emulsion Polymerization and Textile & Garment Wet Processing industries for more than 50 years.
Source: Hercules Incorporated
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