LUXEMBOURG--(BUSINESS WIRE)--Orion Engineered Carbons S.A. (NYSE:OEC), a worldwide supplier of
specialty and high-performance Carbon Black, today announced that it has
reached an agreement to acquire Acetylene Carbon Black manufacturer
Société du Noir d'Acétylène de l'Aubette, SAS [SN2A] from LyondellBasell
Industries Holdings B.V. and its French affiliate. SN2A was founded in
1987 and is headquartered at Berre l'Etang, near Marseille, France.
Acetylene Black is an ultra-pure premium Specialty Carbon Black
distinguished by its high electrical and thermal conductivity.
Lithium-ion batteries and high-end electrical cables are key
applications for this material.
“SN2A brings us a skilled team, proven technology and an operating
plant. With this platform we are going to significantly strengthen our
capabilities in the lithium-ion battery market and broaden our position
in other attractive markets,” said Corning F. Painter, Chief Executive
Officer of Orion Engineered Carbons. “This bolt-on acquisition is a
perfect fit with Orion’s focus on Specialty Carbon Blacks. We look
forward to welcoming the SN2A team to Orion and bringing Acetylene Black
into our portfolio.”
The agreement with LyondellBasell includes provisions for a secured
long-term feedstock supply. Orion plans to strengthen production
capabilities at the Berre l’Etang facility.
The transaction closed on October 31, 2018.
Orion is a worldwide supplier of Carbon Black. We produce a broad range
of Carbon Blacks that include high-performance Specialty Gas Blacks,
Furnace Blacks, Lamp Blacks, Thermal Blacks and other Carbon Blacks that
tint, colorize and enhance the performance of polymers, plastics, paints
and coatings, inks and toners, textile fibers, adhesives and sealants,
tires, and mechanical rubber goods such as automotive belts and hoses.
Orion runs 13 global production sites and four Applied Technology
Centers. The group has approximately 1,409 employees worldwide. For more
information visit our website
www.orioncarbons.com
.
Forward-Looking Statements
This document contains certain forward-looking statements within the
meaning of the U.S. Private Securities Litigation Reform Act of 1995.
Forward-looking statements are statements of future expectations that
are based on current expectations and assumptions and involve known and
unknown risks and uncertainties that could cause actual results,
performance or events to differ materially from those expressed or
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as of the date of the particular statement. New risk factors and
uncertainties emerge from time to time and it is not possible to predict
all risk factors and uncertainties, nor can we assess the extent to
which any factor, or combination of factors, may cause actual results to
differ materially from those contained in any forward-looking
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