Indias Dorf Ketal, an additives and process chemicals supplier, has acquired ExxonMobil Chemicals component additives business, hoping to capitalize on the long-term potential for growth in the specialty chemicals market. Terms of the transaction were not disclosed.
Effective today, ExxonMobil Chemical will begin to transfer its sales, marketing and product representation, manufacturing, inventory ownership and replenishment, customer service and order fulfillment and technical support for the component additives business to Dorf Ketal. The companies formed a business transition team, and will implement the transition in stages over several months.
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