Dorf Ketal Acquires DuPont Chemicals and Fluoroproducts' Specialty Catalysts Business

January 6, 2010
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Dorf Ketal Chemicals (India) Pvt. Ltd., a leading specialty chemicals company headquartered in Mumbai, India, has acquired the Specialty Catalysts business (comprising organometallic titanates, zirconates and specialty additives) of DuPont Chemicals and Fluoroproducts through a new LLC company in the U.S., effective immediately. This acquisition includes Tyzor® titanates and zirconates and Avitex® hydrocarbon surfactants and antistatic agents used in a range of specialty markets and applications. Terms of the agreement are confidential. Ernst & Young India, which has advised Dorf Ketal on acquisitions in previous years, acted as the exclusive financial advisor on this deal.

The acquisition will provide Dorf Ketal with several product innovations and technological developments pioneered by DuPont. The Tyzor® range of organic titanates and zirconates are used as catalysts for chemical manufacture; as curing and cross-linking agents for coatings, paints and adhesives; and as surface modifiers to improve the properties of electronics, glass, plastics, metals, and nanocomposite materials. Important end-use segments include printing inks, corrosion inhibitors, paints and coatings, silicone sealants, and plasticizers.

As a part of the deal, Dorf Ketal acquires DuPont assets associated with the Specialty Catalysts business, including trademarks, sales, marketing and customer service.

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