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Company Overview
Valtris Overview
• Headquartered in Independence, OH• Valtris Specialty Chemicals (“Valtris”) is a leading manufacturer of specialty
chemicals producing a diverse set of polymer modifiers, lubricants and stabilizers• Leader in several markets including:
• #1 Global producer of biocides for plastics
• #1 and sole North American producer of benzyl chloride
• #1 North American producer of metallic stearates
• #1 North American and European producer of Epoxy Plasticizers
• #1 European producer of Liquid Mixed Metal Heat Stabilizers
• Industry-leading, customer-focused R&D and technical services• Operates out of 11 manufacturing facilities globally, six in the US, two in the UK, one
in Italy, one in India, and one in China• Formerly the Polymer Additives division of Ferro Corporation, having been carved
out by H.I.G. Capital in December 2014• Acquired Akcros Chemicals in April, 20162
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Valtris has developed its leadership position through 60+ years of dedication to customer service and innovation
2005 Present
Expand platform and product capabilities
Diversify and optimize operating model
1940
Founding
1995 – Purchased Fort Worth and Cleveland facilities to expand into the lubricants market
2000 – Acquired Bridgeport and Newport facilities to diversify product portfolio and add polymer modifiers capabilities
2001 – Expanded fused calcium stearate capacity in Fort Worth
2002 – Built PAD technical applications laboratory, expanding product development and quality assurance capabilities
2005 - Increased capacity and improved operating efficiency and production quality for ESO
2013 - Developed Platinum series non-phthalate fast fusing plasticizers
December 2014 – Acquired by H.I.G. Capital
December 2015 - Akcros Chemicals acquired PVC Additives business of the Lamberti Group
April 2016 – Valtris acquired Akcros Chemicals gaining manufacturing and increased market presence in Europe and India
1970 – Added Epoxidized Soybean Oil (“ESO”) and Fine Organics capabilities at Walton Hills facility
1985 – Pioneered non-dusting Calcium Stearate
1990 – Added liquid tank farm, Fine Organics tank farm and high pressure units at Walton Hills facility
1919 – Ferro founded as a porcelain enamel producer in Cleveland, OH
1940 – Acquired Walton Hills facility 1950 – Added polymer additives
capabilities at Walton Hills facility
Valtris History
1995
Locations and Global Access
New Brunswick, NJ
Bridgeport, NJ
Fort Worth, TX
Independence, OH – Global HQCleveland OH
Walton Hills, OH
Baton Rouge, LA
Newport, UK
Mumbai, India
Guangzhou, China
Eccles, UKEU HQ and Mfg.
Milan, Italy
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Broad, Complementary Product Portfolio
Polymer Modifiers Lubricants Stabilizers
Revenue (% of total) 33% 24% 43%
Core Product Categories
Benzyl Phthalates Benzyl Cyclohexanate
Phosphate EstersBenzyl Chloride
Polymerics
Metallic StearatesTin StabilizersStearic Acid
AmidesWaxes
Epoxy PlasticizersMixed Metal Heat Stabilizers
BiocidesBonding Agents
UV Curing Agents
BrandsSanticizer®Platinum
Lankroplast™Synpro®
Tinstab/Akcrostab® Petrac
Plas-Chek®/Lankroflex™ Therm-Chek®/Lankromark™/Akcrostab®
Micro-Chek®/Intercide™Vulcabond™Verdanol™
End Markets
• Adhesives & sealants (26%)• Transportation (19%)• Oilfield chemicals (13%)• Building products (10%)• Other (32%)
• Building products (55%)• Transportation (20%)• Consumer & packaging (15%)• Other (10%)
• Consumer & packaging (40%)• Building products (25%)• Transportation (15%)• Other (20%)
• 3 business segments include Polymer Modifiers, Lubricants and Stabilizers, all provide additives used in a variety of applications
• Broad portfolio of recognized brands serving attractive end markets• >60% of revenue from customers purchasing products from multiple segments
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Building Products
10%
Adhesives & Sealants
26%
Transportation19%
Oilfield Chemicals
13%
Other32%
Highlights
Only North American producer of Benzyl Chloride
Major producer of fast-fusing plasticizers
Diverse portfolio of benzyl phthalate, non-phthalate and phosphate ester plasticizers
Growth opportunity in non-phthalate plasticizers, both in primary and co-plasticizer applications
Unique product offering for specialty automotive sealants, polysulfide sealants and aviation fluids
• Benzyl Chloride
• Benzyl Phthalates (fast fusing specialty plasticizers)
• Benzyl Cyclohexanate (fasting fusing, phthalate free, specialty plasticizers)
• Phosphate Esters
• Muriatic Acid
Polymer Modifiers Segment Overview
Sales by End Market
Key Products
Caulks and Sealants
Vinyl Flooring
Coated Fabrics
Aviation FluidsClear Curtain StripsMining Belts
Applications
Oilfield Drilling
Improve flexibility, resiliency and overall processability of plastics
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Consumer & Packaging
40%
Building Products
25%
Transportation15%
Other20%
Highlights
Broad product breadth with strong brand recognition
#1 North American and European producer of Epoxy Plasticizers, including specialties
#1 Global producer of liquid and solid biocides for plastics
#1 European producer of Liquid Mixed Metal Heat Stabilizers
Custom formulating and applications expertise to meet unique customer needs
• Epoxy Plasticizers
• Mixed Metal Stabilizers (liquid, powder, paste)
• Biocides
• Bonding Agents
• UV Curing Agents and Stabilizers
Stabilizers Segment Overview
Sales by End Market
Key Products
Applications
Improved processing and enhanced performance for plastics; reduce / eliminate potential degradation of plastic materials caused by heat, light or micro-organisms
Vinyl Flooring
Roofing
Textile Leather
Lawn & Garden
Flexible PVC
Food Packaging Consumer Goods
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Highlights
#1 North American producer of metallic stearates
High quality supplier of choice, providing cost-effective, reliable products
Unmatched product portfolio for diverse end markets
Strong customer collaboration and service focus
Substantial economies of scale and operating flexibility (including custom manufacturing)
Vertically-integrated through production of tallow-based fatty acid
• Metallic Stearates
• Tin Stabilizers
• Amides
• Fatty Acids
• Glycerin
• Waxes
Lubricants Segment Overview
Sales by End Market
Key Products
Applications
Improve internal and external lubrication in the processing of materials
Building Products
55%Transportation
20%
Consumer & Packaging
15%
Other10%
PVC Pipe Vinyl Siding Oilfield Chemicals
Lubricating OilRubber Processing Personal Care
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Bridgeport, NJ
Polymer Modifiers
Cleveland, OH
Stabilizers & Lubricants
Walton Hills, OH
Stabilizers
Baton Rouge, LA
Lubricants
Fort Worth, TX
Lubricants
Newport, Wales
Polymer Modifiers
• Scale, assets enable competitive cost position and flexible production• Footprint efficiently delivers quality products and exceptional service to drive customer satisfaction• Facilities are located near key sources of supply and major transportation hubs• Additional manufacturing facilities in Mumbai, India and Guangzhou, China
Strategic Manufacturing Footprint
Major Facilities
Eccles, England
Stabilizers & Lubricants
New Brunswick, NJ
Stabilizers & Lubricants
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Dedicated technical team of 50 R&D and quality assurance professionals
R&D Centers in Independence, Ohio, USA and Eccles, UK, application support in Italy and India
Over 600 unique, active product formulations Comprehensive processing and testing equipment:
– Multiple mixers, roll mills and presses– Twin-screw extruder– Weatherometers
Advanced analytical equipment:– Fourier transform infrared spectrometer (FTIR)– Gas chromatographs– Nuclear magnetic resonance spectrometer
(NMR)
Select Highlights• Unmatched product breadth, offering products in multiple chemistries
• Broad manufacturing capabilities allow for consistent, high-quality products in various physical forms (liquid, paste, powder, flake)
• Dynamic customer service model, with superior responsiveness to new formulation and product enhancement requests
• Integrated sales and product development team adept at solving complex customer challenges
• Highly experienced technical personnel with process and application expertise
• State-of-the-art laboratories, fully equipped for applications research, chemical analysis / synthesis and product performance testing
Value Added Formulation and Technical Expertise