Coolant Control Divests Additives Business


Coolant Control Inc. has sold its metalworking additives business to start-up Additives International LLC, the companies announced this month.

Based in Evanston, Ill., Additives International was created with the acquisition in mind, President Greg Jorjorian told Lube Report. Beginning April 1, the company will supply water- and oil-soluble corrosion inhibitors, amides, surfactants, lubricity additives, emulsifiers and base stocks to blenders of metalworking fluids, along with odor control copper complexes, biocides and fungicides. Terms of the deal were not disclosed.

Cincinnati-based Coolant Control acquired the operations involved in the transaction when it bought Vulcan Oil and Chemical Products in 2004. Coolant Controls primary business is supplying metalworking fluids, and it decided to sell the additives operation because it did not want to be competing with customers, Jorjorian said.

The transaction does not include any facilities, so Coolant Control will continue manufacturing Additives Internationals products under a supply agreement. Jorjorian said his company plans to establish its own production facilities in the future and has already enlisted S&S Chemical Co., of Northport, N.Y., and Chemcentral Corp., of Bedford, Ill., to distribute in the United States and Canada, respectively.

Additives International is in the process of hiring staff. Jorjorian is an industry veteran, having worked for 28 years with Dow Chemical Co. and subsidiary Angus Chemical Co. He was sales and marketing manager for North America at Angus before leaving the company last May.

Related Topics

Market Topics