German oleochemical derivatives producer Peter Greven Group has acquired the additives business of US-based Norac, effective September 30, 2017, establishing Norac Additives as a new entity. The move expands Peter Greven's footprint in the US plastics additives market, offering overseas buyers a broader portfolio of metal soaps, ester lubricants, and PVC stabilizers from a combined global supply base.
Acquisition details
Peter Greven Group, headquartered in Bad Münstereifel, Germany, acquired the assets of Norac's additives division and created Norac Additives. The new company retains its headquarters and R&D lab in Pomona, California, and a production site in Helena, Arkansas. Norac Additives specializes in manufacturing and distributing plastic additives including metal soaps, ester lubricants, and PVC stabilizers, with decades of application expertise in the plastics industry.
Global production and supply footprint
Peter Greven already operates from its founding site in Bad Münstereifel (1923), additional production in Venlo, Netherlands, a joint venture in Penang, Malaysia, and sales offices in Paris, France, and Freehold, New Jersey, USA. Its product portfolio covers metal soaps, alkali soaps, esters, and dispersions, serving customers across multiple industries worldwide. The acquisition adds US-based manufacturing capacity and technical know-how.
Strategic rationale
"With this very significant acquisition, we see ourselves even better positioned internationally in the area of metal soaps and plastic additives," said Peter Greven, managing director of Peter Greven. "The US market is very interesting for us, and we see considerable growth potential for the group there." The acquisition aims to strengthen the company's presence in the United States and expand its position in the global plastics industry.
What buyers should watch
Norac Additives will operate as an independent company but be fully integrated into the Peter Greven Group. All employees and the management team of Norac Additives will be retained. For overseas buyers of metal soaps, ester lubricants, and PVC stabilizers, this consolidation may lead to improved supply reliability, broader product availability from US and European production sites, and potentially streamlined logistics for cross-border shipments.
Source: Read the original report | Published: September 30, 2017