Akzo Nobel plastics and processing additives business unit, making lead stabilisers for polymer products sold, to management, and to trade under the new name Allstab
Following the announcement in August 201, regarding its intention to discontinue its lead stabilisers and related rigid plastic applications business, Akzo Nobel's plastics and processing additives business unit, which trades as Akcros Chemicals, has signed an agreement for a management buy-out -by a team of key personnel on 3 December 2001.
The MBO-team will form a new company under the name of Allstab, which will continue the Akcros Chemicals operations in Dueren, Dahlem (Germany) and Roermond (Netherlands).
Akcros Chemicals will keep responsibility for the rigids stabilisers business during the first quarter of 2002 and transfer the business to Allstab in April 2002.
The lead and calcium based stabilisers concerned are for use in the manufacure of PVC window profiles, cables and pipes.
The business also includes lead oxide, manufactured in Roermond, which is used both as a raw material for lead stabilisers and the crystal glass industry.
"The lead stabilisers business represents only one third of the Akcros business" explains Akcros business unit manager Kees van Nierop.
"The remainder of the Akcros business, PVC additives for flexible and rigid foil applications and polysulphide chemicals used in aerospace and building applications, looks very positive.
We can now concentrate on growing our leading world positions in these products".
