Milliken Acquires Specialty Silicones Maker SiVance

Milliken & Co. (Spartanburg, SC) has acquired SiVance (Gainesville, FL), a producer of specialty silane, silicone and siloxane intermediates, from private equity firm GenNx360 Capital Partners (New York). Terms of the deal were not disclosed. GenNx360 acquired the business from Clariant in 2009. At the time, sales were approximately $50 million. SiVance, which has production in Gainesville, FL, focuses on the development and manufacture of specialty silicone technologies and intermediates.   “The acquisition gives Milliken new technical and...

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