Materials firm Hallstar Innovations Corp. has purchased a plastics additives feedstocks plant in Greensboro, N.C., from Lanxess AG.
The Greensboro plant makes ester materials that are used in brominated flame retardants and phthalate-free plasticizers. In a news release, officials with Hallstar in Chicago said those products will be added to the firm's portfolio of brands for the industrial market.
Chairman and CEO John Paro added that the addition of another North American manufacturing plant "gives our customers even more supply security and our company even greater potential for growth."
The footprint of the Greensboro plant is similar to that of Hallstar's plant in Bedford Park, Ill., but with different capabilities and complementary assets, according to Chief Operating Officer Carmen Masciantonio.
Hallstar was formed in 1986 and has grown through several acquisitions. The firm's products include industrial esters and plasticizers.
Lanxess of Cologne, Germany, is a maker of specialty chemicals and plastics that employs 14,900. The firm posted sales of around $6 billion in 2021.