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People & Business :: M&A

ICL acquires Spanish producer of fire fighting chemicals

7:32 AM MDT | May 1, 2014 | Deepti Ramesh

Israel Chemicals Ltd. (ICL; Tel Aviv) says that its performance products business has acquired Auxquimia (Mieres, Spain), a company that produces firefighting foams and fire extinguisher additives. The acquisition of Auxquimia expands IC’s position in global markets for firefighting chemicals and marks its entry into the class-B foam business, ICL says. Financial details of the acquisition have not been disclosed. Auxquimia’s class-B foam products, incorporating the latest surfactant technology, are used to fight flammable liquid fires, such as...

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