J.M. Huber Acquires Martinswerk Business
J.M. Huber Corp. recently announced that, through its Huber Engineered Materials (HEM) division, it has acquired the Martinswerk business of Albemarle Corp. The Martinswerk portfolio is now part of the Fire Retardant Additives (FRA) business unit of HEM.
Reportedly Huber’s largest acquisition in over 10 years, the transaction includes Martinswerk’s manufacturing facility in Bergheim, Germany, and more than 470 employees.
“This strategic acquisition is well aligned with HEM’s FRA business unit―both from a product and geographic standpoint,” said Jerry Bertram, vice president and general manager, HEM’s Fire Retardant Additive business. “It builds on our existing halogen-free fire retardant offerings and expands the range of products we can provide to customers around the world.”
HEM is reportedly retaining the current management team at Martinswerk. The FRA business unit will be structured in a regional model with a general manager operating out of Europe.
For more information, visit www.hubermaterials.com.