MWV Completes Acquisition of Resitec Industria Quimica
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MWV Specialty Chemicals, a division of MeadWestvaco Corp (MWV), Richmond, Va., USA, reports that it has completed the purchase of Resitec Industria Quimica Ltda., a Brazilian company that serves the Latin American pine chemicals industry. Financial results for Resitec will now be reported as part of MWV's Specialty Chemicals division.
With approximately 115 employees, Resitec currently provides chemical products for the rubber, lubricants, food, and adhesives markets. Its operations include a manufacturing facility located in the city of Duque de Caxias, Rio de Janeiro, an administrative office located in Barra da Tijuca, Rio de Janeiro, and a tall oil refinery in the city of Palmeira, Santa Catarina, Brazil.
"We welcome our new colleagues to MWV," said Ed Rose, president, MWV Specialty Chemicals. "This acquisition reinforces our commitment to the specialty chemicals market in Brazil and in Latin America."
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