Air Products has announced it is to acquire S.I.Q – Beteiligungs GmbH, a manufacturer of epoxy additives, based at Marl in Germany.
S.I.Q. was founded in 2000 by a group, and since 2001 has been led by Karlheinz Schoennagel, who has extensive knowledge of the epoxy industry.
It quickly built a strong presence in the epoxy additives business in Germany and other regions of Europe, and will now be passed over to Air Products.
The transaction, terms of which are not being disclosed, is subject to regulatory approval and customary closing conditions.
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