The Valence Group Global Chemicals M&A Conference
Wednesday, 14 September 2016 | US Vectra weighs options for Borchers additives segment | Nigel Davis | ICIS Chemical News
NEW YORK (ICIS)–US specialty chemicals producer Vectra is exploring “strategic alternatives” for its Borchers specialist coatings, paints and printing inks additives businesses, CEO Jim Voss said on Wednesday.
The driving force behind the review is a dramatic increase in financial performance by Borchers in the current financial year to date with a 50% increase in earnings before interest, tax, depreciation and amortisation (EBITDA).
Vectra acquired, reorganised and relocated three segments of the former OM Group last year, including Borchers, in a deal involving its owners Apollo Global Management and Platform Specialty Products.
Speaking at the Valence Group M&A Conference, Voss said that Borchers’ growth had been due to a focus on operation excellence and investment by Apollo in “people, processes and training”.