ST. LOUIS, Oct. 3, 2011 /PRNewswire/ -- ICL Performance Products, a leading global specialty phosphate producer, today announced that it has acquired Halox®, a division of Hammond Group, Inc. The Hammond, Indiana-based company is an industry leader in specialty phosphate-based, corrosion inhibitor products for the paint and coating industry, which are sold under the Halox® brand name. The acquisition closed October 1, 2011.
"Halox is a highly respected leader in the market for corrosion-resistant coatings with an outstanding reputation for quality and service," said James Moffatt, President of ICL Performance Products LP (Americas). "This acquisition will extend our technical phosphate specialties offerings for the paints and coatings sector while expanding our operations in the Americas, thereby strengthening our position as a global leader in the specialty phosphates industry."
The acquisition includes Halox's research and development activities and manufacturing assets, as well as Halox's extensive distribution network for its phosphates-based products. Halox® will operate as a division of ICL Performance Products LP.
About ICL Performance Products
ICL Performance Products (ICL-PP), one of ICL's core operating segments, produces and markets food-grade phosphoric acid, phosphate salts, specialty phosphates and technical phosphate products and services for the detergent, water treatment, construction, paper, metal treatment, industrial cleaning and asphalt paving markets, as well as a range of food additives and hygiene products. ICL-PP's production facilities are located in Europe, North and South America, Israel, Australia and China. For more information, call toll free 800.244.6169 or visit www.icl-perfproductslp.com.
ICL is one of the world's leading fertilizer and specialty chemicals companies. For a world challenged by population growth and scarce resources, ICL makes products that increase global food and water supplies and improve industrial materials and processes. One of the world's most integrated manufacturers and suppliers of phosphate products, ICL has become the world's leading provider of pure phosphoric acid and a major specialty phosphate player. ICL is comprised of three core segments: ICL Fertilizers, ICL Industrial Products and ICL Performance Products. Its major production activities are located in Israel, Europe, the US, South America and China, and are supported by major global marketing and logistics networks. ICL benefits from exclusive concessions to extract minerals from Israel's Dead Sea, a vast source of high-quality and low-cost potash, bromine, magnesium chloride and sodium chloride. ICL also mines phosphate rock from Israel's Negev Desert and potash and salt from its mines in Spain and the UK. ICL's shares are traded on the Tel Aviv Stock Exchange (TASE: ICL).
SOURCE ICL Performance Products