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Business

OM Buys Borchers

September 10, 2007 | APPEARED IN VOLUME 85, ISSUE 37

OM Group will acquire Lanxess' Borchers unit, a coatings additive supplier based in Langenfeld, Germany. Borchers' sales in 2006 were approximately $49 million. "Borchers will be an excellent fit with our advanced organics business," says OM CEO Joseph M. Scaminace. "It extends our current product portfolio into water-based coatings, an important end market providing outstanding growth opportunities."

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