AkzoNobel cements position following Eko Peroxide buy out

AkzoNobel cements position following Eko Peroxide buy out

Netherlands-based AkzoNobel has acquired full ownership of Eko Peroxide after acquiring the outstanding shares of the company from joint venture partner OCI Peroxygens LLC.

The company has strengthened its position in the North American market with the buyout, of which financial details were not disclosed, with the joint venture having been set up nine years ago and headquarted at AkzoNobel’s site in Columbus, Mississippi. The venture owned the hydrogen peroxide manufacturing facility.

Werner Fuhrmann, AkzoNobel’s Executive Committee member responsible for Specialty Chemicals, said, “This deal supports the strategic growth objectives for our bleaching chemicals activities. The hydrogen peroxide market in North America has improved significantly in recent years, with AkzoNobel well placed to grow the business.
“It will also enable us to strengthen our integrated platform for the production of hydrogen peroxide and sodium chlorate at the Columbus site.”

Hydrogen Peroxide is a key part of the company’s bleaching chemicals portfolio, marketed by its Pulp and Performance Chemicals business.