Israel Chemicals Ltd.’s Performance Products operating segment will only be acquiring the phosphorus pentasulfide (P2S5) business assets and operations of Thermphos International BV (NL), located in Knapsack, Germany. No other assets are involved, sources tell Green Markets.
P2S5 is a specialty ingredient used in the manufacture of highly technical materials such as lubrication oil additives, pesticides, mining chemicals, and other products. Due to its very specialized nature, P2S5 is currently manufactured in only a limited number of plants in the world, and ICL-PP is a leading manufacturer of P2S5 in North America.
“This acquisition complements ICL’s global presence in phosphorus-based specialty ingredients” said Charles Weidhas, president and CEO of ICL-PP. “It is the next step in the global expansion strategy that we have been following for the past decade, carrying out complementary acquisitions that have transformed our company into a global leader in agriculture, food, water, and specialty materials markets".