M&A Deal Summary

Corrosion Innovations Acquires Milliken - Chlor*Rid™ Product Line

On March 16, 2023, Corrosion Innovations acquired chemicals company Milliken - Chlor*Rid™ Product Line from Milliken & Company

Acquisition Highlights
  • This is Corrosion Innovations’ 1st transaction in the Chemicals sector.
  • This is Corrosion Innovations’ 1st transaction in the United States.
  • This is Corrosion Innovations’ 1st transaction in South Carolina.

M&A Deal Summary
Date 2023-03-16
Target Milliken - Chlor*Rid™ Product Line
Sector Chemicals
Buyer(s) Corrosion Innovations
Sellers(s) Milliken & Company
Deal Type Divestiture

Target

Milliken - Chlor*Rid™ Product Line

Spartanburg, South Carolina, United States
Milliken's Chlor*Rid™ Product Line offers surface decontamination, passivation products, and salt testing kits for soluble salt detection and removal.

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Buyer(S) 1

Buyer

Corrosion Innovations

Houston, Texas, United States
Category Company
Sector Chemicals
DESCRIPTION

Corrosion Innovations is a manufacturer of the Corr-Ze™ product line, an innovative Coating-Edge Technology™. Corr-Ze™ is a superior surface treatment and unique cleaning process that prepares substrates for protective coating applications. Corr-Ze™ removes the non-visible cause of coating failures and prevents corrosion even in the most corrosive environments. Corrosion Innovations is based in Houston, Texas.

DEAL STATS #
Overall 1 of 2
Sector (Chemicals) 1 of 2
Type (Divestiture) 1 of 1
State (South Carolina) 1 of 1
Country (United States) 1 of 2
Year (2023) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-20 HoldTight

Houston, Texas, United States

HoldTight is a specialty chemical company that develops surface preparation products for flash rust prevention. Focused on enhancing coating adhesion by removing salts and contaminants, it has earned trust in industries like maritime, oil and gas, and construction. HoldTight is based in Houston, Texas.

Buy -

Seller(S) 1

SELLER

Milliken & Company

Spartanburg, South Carolina, United States
Category Company
Founded 1865
Sector Healthcare Services
DESCRIPTION

Milliken is an innovation company that has been exploring, discovering, and creating ways to enhance people’s lives.

DEAL STATS #
Overall 2 of 2
Sector (Chemicals) 1 of 1
Type (Divestiture) 2 of 2
State (South Carolina) 2 of 2
Country (United States) 2 of 2
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-18 Encapsys

Appleton, Wisconsin, United States

Encapsys discovers, develops and manufactures microencapsulation solutions for use in the building and construction, paper, bedding, and personal and household care industries. Encapsys is based in Appleton, Wisconsin.

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