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Deal will strengthen personal care strategy.
September 3, 2013
By: TOM BRANNA
Editor
Innospec Inc.has acquired Chemsil Silicones Inc and the Chemtec Chemical Co., from its private owners. Chemsil develops and markets silicone-based formulations to the personal care industry. Chemtec, which distributes a wide range of personal care ingredients, is focused on customers on the West Coast. The companies have combined sales of $40 million. Commenting on the deal, Patrick Williams, president and CEO of Innospec said: “Personal Care is the strategic core of our Performance Chemi...
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