Milliken & Company, a global diversified manufacturer, has acquired Zebra-chem GmbH, a global chemicals company known for its peroxide and blowing agent masterbatches.
“Milliken’s long-term focus on innovation and sustainability encourages us to consider how we contribute to some of today’s leading challenges, like how to effectively incorporate recycled plastics in manufacturing,” stated Halsey Cook, Milliken & Company president and CEO. “I’m excited to welcome the exceptional talent within Zebra-chem as they join the passionate team at Milliken to move the needle on sustainable innovation.”
“Zebra-chem’s leading position in Europe allows Milliken to leverage its congruent innovation platforms, global presence and commercial expertise to accelerate market solutions that improve and increase manufacturing with recycled plastics,” said Wim Van de Velde, vice president, Europe, Middle East and Africa, for Milliken’s chemical division. “Our combined skillsets will facilitate faster and more customized solutions that achieve our customers’ sustainability goals.”
Jones Day represented Milliken in the transaction, and BDO acted as Milliken’s financial advisor.