Cargill acquires Polystar LLC, expanding its bio-industrial offerings
MINNEAPOLIS - (October 18, 2013) - Cargill has entered into an agreement to acquire Dalton, Georgia-based Polystar LLC, a manufacturer of surfactants and additives used in epoxies, adhesives and coatings. The transaction is expected to close in early 2014.
By acquiring Polystar LLC, Cargill Industrial Specialties, which provides bio-based solutions on a global basis to industrial markets, will increase its manufacturing capacity across categories such as asphalt, oil field, lubricants, coatings and flooring.
Terms of the agreement were not disclosed.
Pete Stoddart, Cargill, 952-742-6608
Cargill provides food, agriculture, financial and industrial products and services to the world. Together with farmers, customers, governments and communities, we help people thrive by applying our insights and nearly 150 years of experience. We have 142,000 employees in 67 countries who are committed to feeding the world in a responsible way, reducing environmental impact and improving the communities where we live and work. For more information, visit Cargill.com and our News Center.
About Cargill Industrial Specialties
Cargill Industrial Specialties is the largest business unit within Cargill that is exclusively focused on providing bio-based solutions to industrial markets, including dielectric fluids, paints, inks and coatings, lubricants, renewable construction and oilfield chemicals, consumer products, flexible foam and other diverse applications in the chemical industry.