CHICAGO, Illinois –– Hallstar, a global specialty chemical manufacturer, announced today that it has acquired Fortinbrás, a specialty chemical manufacturer based in Jaguariúna, São Paulo, Brazil. The acquisition is the latest move in Hallstar’s steady growth trajectory and global expansion. The acquisition of Fortinbrás increases Hallstar’s presence in the fastgrowing emerging market of Brazil and greater Latin American region.
“Fortinbrás will help Hallstar broaden its geographic reach,” said John Paro, Chairman, President and CEO of Hallstar. “This strategic addition represents an opportunity to acquire a high quality business in a substantial market with strong future potential.”
Hallstar and Fortinbrás share expertise in ester chemistry and have broad product offerings for the beauty and personal care and industrial markets, along with specialized formulations capabilities and technical support.
While greater regional diversification of manufacturing and customer and technical support are benefits of the acquisition, Fortinbrás’ location also moves Hallstar closer to the source of raw materials, such as exotic butters and oils. These materials are a key component of Hallstar’s robust portfolio of functional natural products. With the addition of the Fortinbrás product portfolio and operational capabilities, Hallstar can offer an even wider range of beauty and personal care ingredients that meet the rising demand for natural products.
Fortinbrás’ complementary expertise in ester chemistry also finds application in industrial and other end-markets, such as textiles and lubricants.
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