InChem USA Holdings, a U.S.-based custom and toll chemical manufacturing company, sold its proprietary Phenoxy Resins® business to specialty chemicals company Gabriel Performance Products effective Dec. 31, 2015.
Based in Rock Hill, SC, InChem has been the leading manufacturer of Phenoxy Resins®, which are distinguished by their clear, tough and flexible characteristics. Phenoxy Resins are used in coatings, inks, composites, tires, carbon fibers, and numerous other products. The Phenoxy Resin product line includes solid resins in pellet and powder form, waterborne, and solvent solutions. These products are sold both directly and through distributors to customers in the U.S., Europe, and Asia.
Steve Crownshaw, President of InChem, said, “We are excited to see Gabriel and the Phenoxy business come together, enabling the Phenoxy business to accelerate growth through Gabriel’s focus on the CASE (coatings, adhesives, sealants and elastomers) market, allowing the InChem organization to focus more on its strategy of providing toll and custom manufacturing solutions to the marketplace, including some of the world’s leading chemical companies.”
“The acquisition of InChem’s Phenoxy Resin business is a significant milestone in Gabriel’s strategy to expand our specialty proprietary product offering within the coatings, adhesives, sealants, and elastomers markets,” said Seth Tomasch, CEO of Gabriel Performance Products. “The acquisition expands our research and development, laboratory, technical, production and commercial capabilities. We enthusiastically welcome the Phenoxy team members to Gabriel and look forward to working together to grow the business.”
The Phenoxy Resin business sold by InChem includes experienced sales, operations and technical team members, as well as long-term customer relationships. Following the transaction, the product line has been rebranded as “Gabriel Phenoxies.”
InChem has sold a portion of its Rock Hill facility to serve as Gabriel’s Phenoxy manufacturing plant and related offices, but InChem will continue to operate its custom and toll chemical manufacturing business using separate facilities on the remainder of the site, as well as two other sites in the Carolinas.