ICIG buys organics plants in Europe

International Chemical Investors Group (ICIG) has acquired two organic chemical facilities in Europe from Valtris Specialty Chemicals. A plant in Tessenderlo, Belgium, employs about 90 people and makes benzyl chloride and derivatives; one in Maastricht, the Netherlands, employs 30 and produces benzyl alcohol. ICIG will make the facilities part of its Vynova unit, which operates a plant at the Tessenderlo site that supplies the benzyl chloride facility with chlorine. ICIG recently completed the acquisition of Evonik Industries’ superabsorbent polymers business.