INDIANAPOLIS - June 02, 2010
Monument Chemicals, Inc., a specialty chemicals holding company, today announced that it has completed an acquisition with The Dow Chemical Company ("Dow"), acquiring a multipurpose manufacturing facility and the business assets of Dow Haltermann Custom Processing located in Antwerp, Belgium. Effective today, Monument will serve the European specialty chemicals sector under the newly named company, CHL Chemical. Their U.S. based business will continue to operate as Johann Haltermann, Ltd.
"We are thinking globally while we invest regionally in order to continue to provide custom processing and specialty chemical customers with the technical expertise, flexibility and service that they have come to expect,” commented Amy Schumacher, president of Monument Chemicals. “Today’s acquisition sets the stage for growth with key customer relationships.”
The deal marks an important move in Monument's strategy for global expansion in the specialty chemicals market. It reunites Monument’s Houston based Haltermann specialty chemicals operation with the manufacturing business in Belgium and expands the company’s presence into Europe.
About Monument Chemicals, Inc.
Monument Chemicals, Inc. is a privately held joint venture holding company between The Heritage Group and The Grube family that focuses on advancing technology innovations in toll processing and product manufacturing for the specialty chemicals industry. The Heritage Group and The Grube family have invested extensively in the development of technical expertise and high-productivity solutions for the specialty hydrocarbons business. The company was founded in 2008 and is headquartered in Indianapolis, Indiana.
Dow combines the power of science and technology with the “Human Element” to passionately innovate what is essential to human progress. The Company connects chemistry and innovation with the principles of sustainability to help address many of the world's most challenging problems such as the need for clean water, renewable energy generation and conservation, and increasing agricultural productivity. Dow's diversified industry-leading portfolio of specialty chemical, advanced materials, agrosciences and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 160 countries and in high growth sectors such as electronics, water, energy, coatings and agriculture. In 2009, Dow had annual sales of $45 billion and employed approximately 52,000 people worldwide. The Company's more than 5,000 products are manufactured at 214 sites in 37 countries across the globe. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at www.dow.com.
For editorial information:
Monument Chemicals, Inc.
Mr. Bill Grube Jr., +1-317-328-5660