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Elementis to Buy Brazilian Coating Additives Firm

12:09 PM MDT | July 5, 2012 | Natasha Alperowicz

Elementis (London) today announced that it has agreed, through its wholly owned subsidiary Elementis Holdings Ltd., to purchase Watercryl Quimica (Watercryl), a Brazilian coatings additives company, for a cash consideration of $24 million. The transaction is expected to close during the second half of 2012.   Watercryl, established in 1993, is a leading supplier of additives to the Brazilian coatings industry, with manufacturing and technical facilities based at Palmital, São Paulo. The acquisition will significantly increase Elementis’s...

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