Milliken & Company, which operates in chemicals, consulting and training, floor coverings and textiles, has signed an agreement to acquire Borchers Group, a chemicals company in Westlake, Ohio, currently owned by the Jordan Company. The deal should close sometime this month, after clearing the customary hurdles. According to Milliken, Borchers’ production – additives for coatings, inks and adhesives as well as a full range of cobalt-free driers, dispersants, rheology modifiers, wetting agents, polymerization catalysts and adhesion promoters – should serve as a good complement to its own operations. Millikan is based in Spartanburg, South Carolina. In June of last year, it acquired Polartec, the well-known producer of fleece fabrics.

Topics