Orion Engineered Carbons Acquires Acetylene Carbon Black Manufacturer.
Orion Engineered Carbons S.A. acquired acetylene carbon black manufacturer, Societe du Noir d'Acetylene de l'Aubette, SAS [SN2A] from LyondellBasell Industries Holdings B.V. and its French affiliate.
SN2A was founded in 1987 and is headquartered at Berre l'Etang, near Marseille, France.
Acetylene black is an ultra-pure premium specialty carbon black distinguished by its high electrical and thermal conductivity. Lithium-ion batteries and high-end electrical cables are key applications for this material.
"SN2A brings us a skilled team, proven technology and an operating plant. With this platform we are going to significantly strengthen our capabilities in the lithium-ion battery market and broaden our position in other attractive markets," said Corning F. Painter, CEO of Orion Engineered Carbons. "This bolton acquisition is a perfect fit with Orion's focus on specialty carbon blacks."
The agreement with Lyondell-Basell includes provisions for a secured long-term feedstock supply. Orion plans to strengthen production capabilities at the Berre l'Etang facility. The transaction closed on Oct. 31, 2018.
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|Title Annotation:||Industry News|
|Date:||Dec 1, 2018|
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