Michelman has acquired German Ecronova Polymer GmbH, a manufacturer of water-based polymers used in the production of paints and lacquers. The purchase includes all assets, technology and manufacturing facilities. The name Ecronova Polymer will continue to be used for business operations and all current Ecronova Polymer products will remain unchanged in name and formulation. Ecronova Polymer’s lines of water-based polymers include styrene acrylics, pure acrylic emulsions, vinyl acetate copolymers and polyurethane dispersions.
According to Mr. Steven Shifman, Michelman President and CEO, “Ecronova Polymer manufactures exceptionally high quality products that are complementary to the solutions we currently offer our paint and coatings customers. However, the addition of their product lines, their people, as well as their innovative manufacturing processes, gives us greater technical capabilities that will be strategically utilized beyond just our paint and coatings business. With this key acquisition, we have enhanced our ability to develop powerful new solutions, and more importantly, new opportunities, for all customers who are using or developing water-based additives and coatings