The company is reshaping its Coating & Adhesive Resins and Health Care divisions, impacting 590 jobs and selling off non-core businesses worth €350 million.
The chemicals and materials science sector is stabilizing, with distributors playing a crucial role in supply chain reliability, driving growth and M&A activity amid global complexity.
Recent shocks in supply chains that manifested in increased inventory holdings and subsequent destocking have subsided, and the industry has relearned a critical lesson from the volatility—the importance of supply chain reliability.
The newly acquired company’s products are key in the manufacture of liquid abrasives used in automotive polish formulations, precision powders, and slurries used by the optics and photonics industries, and wafers ultimately used by the semi-conductor industry.
The acquisition included AUSA’s 250,000-sq.-ft. manufacturing facility in Barcelona, Spain, approximately 350 team members and access to 200 equipment dealers worldwide.