Milliken & Co. recently announced that it has signed an agreement to acquire Borchers Group Ltd. from The Jordan Company, L.P. (TJC). The acquisition is expected to close in January 2020, subject to customary closing conditions.
Headquartered in Westlake, Ohio, Borchers carries a portfolio of additives for the coatings, inks, and adhesives markets with a range of cobalt-free driers, dispersants, rheology modifiers, wetting agents, polymerization catalysts, and adhesion promoters. According to Milliken, the addition of Borchers—particularly its expertise in specialty coating additives—further builds its comprehensive solutions portfolio, aligned with the company’s strategic objective to develop a global range of growth platforms.
“I’m thrilled to accelerate our commitment to innovation and sustainability with the acquisition of a company so aligned with our values,” said Halsey Cook, president and CEO of Milliken. “Borchers brings particular technical expertise that will boost Milliken’s strengths and propel our growth.”
According to Devlin Riley, president and CEO of Borchers, “We are ecstatic about partnering with Milliken to further invest in our business, build out our global platform and continue providing innovative and satisfying solutions to our customers. Combining our capabilities and approach with the depth of Milliken’s technology and innovation will allow us to provide exemplary solutions to the markets we serve. I want to thank the TJC team for their guidance and strong partnership.”