Presse Release

Resinall Rütgers Resins GmbH purchases Neville Chemical Europe BV

Duisburg/Uithoorn, 04. Oktober 2011

Resinall Rütgers Resins GmbH (RRR), a joint venture between the German RÜTGERS Novares GmbH and the Belgian Resinall Europe bvba, acquires the chemicals company Neville Chemical Europe BV (NCE).

The acquisition of NCE is part of the RRR expansion strategy and is designed to sustainably strengthen the joint venture partners´ leading position within the European producers of industrial resins. The acquired company – with its headquarters in Uithoorn – has extensive
competencies in the development, production and marketing of high-quality hydrocarbon resins for the printing inks, coatings, asphalt and rubber industry. “NCE is an ideal addition to our product portfolio and can correspondingly make a contribution to the growth of RRR”, says Stefan Knau, one of two Managing Directors of RRR, commenting on the deal. Prior to the acquisition, NCE was owned by Neville Chemical Company (NCC), based in Pittsburgh, Pennsylvania, USA.

RRR is a joint venture between Duisburg-based RÜTGERS Novares GmbH and Bruggebased Resinall Europe bvba. The headquarters of RRR is in Duisburg. The joint company was founded in 2009 with the aim of establishing itself as a competent partner for the European printing inks industry. The Uithoorn site offers RRR numerous logistical advantages.

The Uithoorn-based location and state of the art equipment combined with the innovation, technology and application know-how of the joint venture partners will create an effective production and supply network that will allow an optimum utilisation to meet the needs of its customer base.

“The acquisition will strengthen Uithoorn as a production site and NCE will remain a competitive market player in the long term”, states Jerry Johnson, the other RRR Managing Director, commenting on the future of the Uithoorn site. “Our long-term objective is to expand the business”, remarks Johnson.

All in all, the acquisition is designed to further expand RRR as a strong and competent partner to the industrial consumers of hydrocarbon, modified hydrocarbon and hybrid resins in Europe and to establish it as a top supplier to industrial customers.

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