MEXICO, May 11, 2023 – Orbia’s Polymer Solutions (Alphagary), a global leader in the manufacture of specialty polymer compounds, plasticizers, and stabilizers, announced today the acquisition of the Mexico- based food additives business Neotrimental S.A. de CV (formerly known as Andercol Mexico S.A. de CV), a wholly- owned subsidiary of Grupo IMSA S.A. of Colombia. The manufacturing operations of this business are located at the Orbia Polymer Solutions production site in Altamira, Mexico.
“As a key producer of polymeric compounds and plasticizers in Mexico, we remain committed to serving the current and future needs of our customers by being one of the most efficient producers of specialty materials and ingredients that have wide-ranging customer applications,” said Santiago Urbina, Commercial Vice President for Orbia Polymer Solutions (Alphagary).”The acquisition of Neotrimental will enable us to expand into the fumaric acid food additives space to enable safe and stable preservation of foods to mitigate the issue of food waste.”
As part of this acquisition, the Polymer Solutions business will work closely with current and future customers, invest to support their growth while also addressing sustainability commitments at the Altamira site.
“By integrating the Neotrimental business at our Altamira site, this acquisition will have the dual benefit of driving our portfolio expansion while providing Polymer Solutions with efficient production control. It’s a win-win for growth and reducing our carbon footprint on the path to net zero,” added Gautam Nivarthy, President of Orbia Polymer Solutions (Alphagary).
About Orbia
Orbia is a company driven by a shared purpose: to advance life around the world. Orbia operates in the Polymer Solutions (Vestolit and Alphagary), Building and Infrastructure (Wavin), Precision Agriculture (Netafim), Connectivity Solutions (Dura-Line) and Fluorinated Solutions (Koura) sectors. The five Orbia business groups have a collective focus on expanding access to health and wellness, reinventing the future of cities and homes, ensuring food and water security, connecting communities to information and accelerating a circular economy with basic and advanced materials, specialty products and innovative solutions. Orbia has a global team of over 23,000 employees, commercial activities in more than 110 countries and operations in over 50, with global headquarters in Boston, Mexico City, Amsterdam and Tel Aviv. The company generated $9.6 billion in revenue in 2022. To learn more, visit: orbia.com
About Orbia Polymer Solutions (Alphagary)
Orbia’s Polymer Solutions business Alphagary is a global leader in the design and manufacture of specialty polymer compounds and additives for polyvinyl chloride compounds including stabilizers, plasticizers and colorants. Compounds are formulated from a variety of polymers including polyvinyl chloride (PVC), polyolefin (PO), thermoplastic polyurethane (TPU), and thermoplastic elastomer (TPE). With over 60 years of experience, Alphagary has earned its reputation for providing innovative, functional, durable solutions to a broad marketplace. Alphagary is committed to sustainable, offering products formulated with biobased and recycled content and actively participates in initiatives that promote a circular economy. Its compounds are trusted for a wide range of applications from communications and power cables to various building and industrial products, automotive interior parts, a wide variety of consumer goods including food-contact applications and healthcare products. Alphagary offers standard and custom formulations to meet market-specific requirements and end users’ needs and is committed to health and safety best practices by maintaining ISO 9001, ISO 14001 and OHS ISO 45001 certifications. Alphagary has 1,000 employees across nine facilities across the U.S., UK, Mexico, Colombia and India, serving 80 countries through a global sales and distribution network.