Hallstar Finalizes Purchase of Greensboro, NC, Polymer Additives Production Site

As of October 1, 2022, the former LANXESS facility, its personnel and several key product lines became part of The Hallstar Company

Hallstar Greensboro

Chicago-headquartered specialty chemical company Hallstar announced this past July its intention to buy LANXESS' ester manufacturing facility in Greensboro, North Carolina. After a brief, productive transition period, the acquisition was completed this week, effectively expanding Hallstar's manufacturing capacity, product portfolio and employee roster.

"Our goal was to close this deal in the fourth quarter of the calendar year and, thanks to the outstanding efforts of Hallstar's transition team and the cooperation of LANXESS' local and global organization, we achieved that," observed Hallstar chairman and CEO John J. Paro. "We are proud to welcome the Greensboro operation, including all of its knowledgeable employees, to the Hallstar team. The addition of another NA manufacturing plant gives our customers even more supply security and our company even greater potential for growth."

Carmen B. Masciantonio, chief operating officer and Hallstar Industrial Solutions president, noted that the site began shipping products on the first day of business under the Hallstar banner. "We are already generating revenue," he said. "However, utilization specifics of this new location will evolve as we become more familiar with its assets and how they can best support Hallstar customers. The Greensboro footprint is similar to that of our Bedford Park, Illinois, production facility, but with different capabilities and complementary assets." 

As part of the acquisition, Hallstar is gaining new product lines of brominated flame retardants and phthalate-free plasticizers including benzoate and citrate esters. These products will be added to Hallstar's portfolio of well-known brands for the Industrial market - Plasthall®, Paraplex®, Maglite®, Dioplex®, Staflex® and TegMeR®.

Source: The Hallstar Company

Share:


Categories: Industry News, Production and Manufacturing, Computer Aided Design and Manufacturing (CAD/CAM), Food and Beverage Manufacturing, Manufacturing, Plastics

Tags: esters, flame retardants, greensboro


About Hallstar

View Website

The Hallstar Company is a global specialty chemistry company comprising Beauty and Industrial businesses as well as a Shared Services organization.

Hallstar
1620 S Riverside Plaza (Suite 1620)
Chicago, IL 60606
United States