Hallstar Acquires Lanxess’ Polymer Additives Production site in Greensboro, N.C.
Hallstar is gaining new product lines of brominated flame retardants and phthalate-free plasticizers including benzoate and citrate esters.
Chicago-headquartered specialty chemical company has completed the acquisition of the Greensboro, N.C., ester manufacturing facility of Lanxess, expanding Hallstar's manufacturing capacity, product portfolio and employee roster. As part of the acquisition, Hallstar is gaining new product lines of brominated flame retardants and phthalate-free plasticizers including benzoate and citrate esters. These products will be added to Hallstar's portfolio of well-known brands for the industrial market - Plasthall, Paraplex, Maglite, Dioplex, Staflex and TegMeR. These polymer modifiers are for use in plastics such as PVC, PET/PBT, PLA/PHA/PSM, and SMC.
Said Hallstar chairman and CEO John J. Paro, "Our goal was to close this deal in the fourth quarter of the calendar year and, thanks to the outstanding efforts of Hallstar's transition team and the cooperation of Lanxess’ local and global organization, we achieved that. We are proud to welcome the Greensboro operation, including all of its knowledgeable employees, to the Hallstar team. The addition of another NA manufacturing plant gives our customers even more supply security and our company even greater potential for growth."
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