CLEVELAND, Sept. 10, 2012 /PRNewswire/ -- OM Group, Inc. (NYSE: OMG) and AkzoNobel have signed an exclusive worldwide distribution agreement for OMG's Borchi® Oxy Cure accelerators. The agreement is limited to the curing of unsaturated polyester and vinylester resins in the composite industry.
"We are extremely excited about our partnership with AkzoNobel," said Mike Stanko, VP & General Manager for OMG's Advanced Organics business. "Their expertise and global distribution network will help us bring the Borchi® Oxy Cure product range to customers in the composite industry. At the same time, it allows us to fully focus on our core markets."
Steve Hunt, sBU Director XTP for AkzoNobel Functional Chemicals, explains, "OMG's Borchi® Oxy Cure products are an important addition to our Nouryact ™ Cobalt replacement portfolio. The partnership with OMG perfectly fits our sustainable growth ambitions and strengthens our position as the world's leading supplier of thermoset curing systems."
Borchi® Oxy Cure is an alternative to Cobalt in the curing of unsaturated polyester resins and is based on a patented Iron ligand technology, originally developed by Unilever for detergents and acquired by OMG in 2011 for a range of application areas.OM GROUP, INC. OM Group, Inc. is a diversified specialty chemicals and materials company serving attractive global markets. The Company develops, produces and distributes innovative, high-quality chemicals, materials, products and technologies that contribute to customer success by addressing complex applications and demanding requirements. For more information, visit the company's website at www.omgi.com. AkzoNobel AkzoNobel is the largest global paints and coatings company and a major producer of specialty chemicals. We supply industries and consumers worldwide with innovative products and are passionate about developing sustainable answers for our customers. Our portfolio includes well known brands such as Dulux, Sikkens, International and Eka. Headquartered in Amsterdam, the Netherlands, we are a Global Fortune 500 company and are consistently ranked as one of the leaders in the area of sustainability. With operations in more than 80 countries, our 55,000 people around the world are committed to excellence and delivering Tomorrow's Answers Today™. FORWARD-LOOKING STATEMENTS