Solvay Acquires Erca Industrial Assets in Brazil
Solvay S.A., Brussels, Belgium, has completed the acquisition of the specialty chemical assets of Erca Química, Ltda. in Brazil, enabling the Group to more than double its surfactant production capacity in the country and to expand its access to one of the world's largest personal care and agrochemicals markets. The acquisition's conclusion comes one month after the Brazilian competition authority CADE cleared the transaction between Solvay's global business unit Novecare and Erca, based in Itatiba city in the state of Sao Paulo.
The transaction includes Erca's local specialty chemical assets, its portfolio of agrochemicals as well as home & personal care products, which strengthens Novecare's commercial network, closeness to customers and innovation pipeline.
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