Milliken and Company Acquires SiVance, LLC
SPARTANBURG, S.C. – October 6, 2011 – Milliken & Company today announced it has completed the acquisition of SiVance, LLC, a privately-held provider of specialty silane, silicone and siloxane intermediates located in Gainesville, Florida. SiVance, which will become a subsidiary of Milliken & Company, will complement Milliken’s existing portfolio of specialty performance chemicals. In total, approximately 150 associates are joining Milliken following the acquisition.
“This acquisition will immediately expand our market space for the chemical division while also building on Milliken’s commitment to innovation, technology, and sustainability,” said Joe Salley, President & CEO of Milliken. “We are excited to have the SiVance team join the Milliken family.”
“The acquisition of SiVance gives Milliken new technical and innovation capabilities and will enable us to deliver additional products that bring value to customers,” said John Rekers, President of Milliken’s chemical division. “These specialized silicone-based technologies will expand and enhance our current offerings and market applications.”
Milliken is an innovation company that has been exploring, discovering, and creating ways to enhance people’s lives since 1865. Our community of innovators has developed one of the larger collections of United States patents held by a private U.S. company. With expertise across a breadth of disciplines including specialty chemical, floor covering, and performance materials, we work around the world every day to add true value to people’s lives, improve health and safety, and make this world more sustainable. Milliken has been named a “Worlds Most Ethical Company” for five consecutive years. For more information, visit http://www.milliken.com
About Milliken Chemical
Milliken Chemical, a division of Milliken & Company, is a leading global supplier of coatings, specialty chemicals and advanced additive and colorant technologies used in paints, petroleum, plastics, textiles and fibers for a broad range of consumer and industrial applications. These innovative specialty chemicals have been developed to help customers manufacture safe, high-quality products for greater differentiation and growth. Milliken Chemical is also committed to the ongoing development of new generations of sustainable high-performance additives to help customers address tough environmental challenges. Milliken Chemical, with application and development centers around the world, is well positioned to meet the needs of its customers.
Headquartered in Gainesville, Fla., SiVance focuses on the development and manufacture of specialty silicone technologies and intermediates required to modify basic silicone polymers for the personal care, pharmaceutical, construction and electronics markets. It offers silanes, siloxanes, silazanes, vinyl functional technologies, alkyl tri-alkoxysilanes and custom-manufactured research chemicals for customers in need of precision performance. SiVance has the capability to form a range of products via synthesis that can improve certain characteristics required in customer applications.