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Isochem S.A.S sold Framochem Kft
Aug. 8, 2014
Isochem S.A.S has sold its Hungarian subsidiary Framochem Kft together with its German sales office Isochem Deutschland GmbH to VandeMark Chemical Inc.
This cession represents a key milestone in Isochem’s strategic development, focussing on its core business, investing in organic growth and looking for potential acquisitions.
As part of this strategy, Isochem acquired Wychem in 2012, which generated significant revenues in 2013 and allowed Isochem to expand its range of intermediates, particularly aromatic compounds. This acquisition created significant synergies, e.g. through Wychem’s "kilolab" constituting an additional resource for the joint development of intermediates, allowing Isochem to develop several new customers in attractive market segments.
VanDeMark Chemical Inc is "the largest, independent manufacturer" of phosgene and phosgene derivatives in North America. Phosgene compounds are widely used in the pharmaceutical, agricultural-chemical, personal care, polymer and fine chemical industries.
With a combined total of 22,000 tons in annual production capacity for phosgene, VanDeMark and Framochem together will be one of the world's largest producers of fine chemicals focusing on phosgenation chemistry.
Source: Isochem
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