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Rhodia Completes McIntyre Group Acquisition
Posted: March 2, 2009
Specialty chemical producer Rhodia has completed its acquisition of the McIntyre Group Ltd, announced in January, after receiving regulatory authorizations. McIntyre is a privately held manufacturer of specialty surfactants, based near Chicago. The acquisition reinforces Rhodia Novecare’s product range for personal cleansing and extends its offer for hair care.
In the original acquisition announcement, Jean-Pierre Clamadieu, CEO, Rhodia, stated, "It will reinforce our presence in innovative markets that are largely resistant to economic downturns. Our solid financial structure enables us to seize this opportunity today while investing to prepare our future. It is a clear fit with Rhodia’s strategy and expertise, and it will contribute to our overall performance in the coming years.”