Innopsec’s focus on people and strong social values is a key part of our responsible business strategy and has supported the transition of over 400 new employees into the business following the acquisition of the European surfactants business from Huntsman at the end of 2016.
The acquisition added around US$230 million in sales revenue with manufacturing facilities in France, Italy and Spain, strengthening our Personal Care business and balancing to our business portfolio.
Bruce McDonald, President, Performance Chemicals is pleased with how the integration project has been delivered and attributes its success to the business’ values and approach.
“Our people-focused culture has facilitated the transition for our new employees, helping them adopt Innospec’s values, high levels of customer service and technology-led approach,” said Bruce.
“Acquisitions are notoriously hard, but we planned very carefully, developing a robust strategy using a comprehensive risk management approach. As a result, we are particularly pleased that the new surfactants business has been integrated so seamlessly.
Already, the acquired sites are helping to drive our business forward with dried anionic surfactants production increasing, enabling us to support customers’ growth in key growing markets. Our established customers have responded really positively and we are attracting interest from new customers due to our increased capacity and product range.
“We had a really good year in Performance Chemicals. The acquisition has gone smoothly and we are very excited about the strong business we have going forward.” said Bruce.