Italmatch Chemicals Group buys GRS Chemical Technologies

The specialty chemicals group, Italmatch Chemicals, has successfully completed the acquisition of all shares of GRS Chemical Technologies, a company with manufacturing base in Naples (Italy), specialized in water soluble polymers and fuel related cleaning technologies. Through the acquisition of GRS Chemical Technologies, in line with the set strategy, the company adds an important chemistry to its water additives portfolio through the addition of a wide range of water soluble polymers, to be included and complement the global Dequest product line.

“The acquisition of GRS Chemical Technologies represents a unique opportunity to consolidate and grow the business in the long term, through the exploitation of significant

synergies, considering the strong technological experience and know-how of GRS in water

soluble polymers. The addition of GRS to the Dequest portfolio makes our position much stronger, especially in certain markets, where the polymers of GRS and the phosphonates of Dequest can play a synergistic effect. This includes among other, special applications such as mining, geothermal, desalination and pulp and paper bleaching, in addition to the more traditional markets of detergents and industrial & institutional”, explains Italmatch managing director, Sergio Iorio. “Italmatch Group will do its best to continue to grow, both according to internal growth, through its R&D Innovation & Technical Expertise Centres in Italy and abroad, but also through further add-on acquisitions, to provide to the company a real global foothold”, adds Iorio.