Milliken & Co. recently announced that it has formally acquired Borchers Group Ltd. from The Jordan Company, L.P. The transaction officially closed on January 28, 2020.
“When great teams come together, big things happen,” said Halsey Cook, Milliken’s president and CEO. “I’m excited to combine Borchers’ capabilities with Milliken’s long-term view and focus on innovation and sustainability.”
“Borchers brings expertise, products and customer knowledge in the paint and coatings industry,” said Russ Rudolph, senior vice president of Milliken’s Coating Additives Business. “Combined with Milliken’s commitment to investment in long-term sustainable innovation and specialty chemicals global reach, this acquisition will accelerate solutions for the markets and customers we serve.”
As Borchers integrates into Milliken, daily operations will reportedly continue without interruption, including relationships with existing suppliers and customers. 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.