TER Chemicals Buys Modified Fischer-Tropsch Wax Business From Evonik
TER Chemicals recently announced its acquisition of the modified Fischer-Tropsch Wax business from Evonik, a leader in specialty chemicals. The acquisition became effective June 30, 2024. The portfolio offers different types of tailor-made Fischer-Tropsch Waxes, which can be used in various applications.
TER Chemicals reports that the company will continue to sell the products under the brand name of VESTOWAX® and is prepared to continue the business with the same product quality and is committed to be a reliable partner going forward.
VESTOWAX FT waxes are characterized by high purity and a uniform molecular structure, which enable a high melting temperature and hardness of the product. The structural properties and advantages make it possible to serve a wide range of applications in a variety of industries. For example, they act as lubricating agent in plastic processing applications, or they can be applied in coatings and printing inks to increase slip, rub, and scratch resistance.
"The modified Fischer-Tropsch Waxes are a complementary addition to our wide product portfolio for the coatings, adhesives, plastics, and other industries and we are eager to expand the portfolio with other modified waxes in the future based on the market needs," said Jens Vinke, head of CASE business unit at TER Chemicals.
Learn more about TER Chemicals at www.terchemicals.com. Additional information about Evonik is available at www.evonik.com.
Looking for a reprint of this article?
From high-res PDFs to custom plaques, order your copy today!
