French chemical group Rhodia has recently inked an agreement to purchase US-headquartered privately-held McIntyre Group Ltd, a global manufacturer of specialty surfactants. This acquisition will reinforce Rhodia Novecare's product range for personal cleansing and extend its offer for hair care, as well as home, institutional and industrial cleaning markets. It will drive new opportunities for oilfield production and agrochemicals applications and allow further business developments in fast-growing markets such as Asia-Pacific and Latin America.
Rhodia Novecare has prominent position in the surfactants, phosphorus derivatives, natural polymers, synthetic polymers and monomers technologies, and eco-friendly dibasic-ester solvents. Based near Chicago, the McIntyre Group - a leading manufacturer of surfactants, polymers, chemical specialties and cosmetic preservatives - employs about 200 people and has manufacturing facilities in the United States (Illinois) and in Europe (UK), complemented by a global commercial network. The company has shown strong business performance, achieving double-digit growth during the past three years, with 2008 estimates of US$146 mln sales and around 10% recurring EBITDA margin.