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About us
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History of Elementis
Elementis was launched in 1998 as a highly focused international specialty chemicals group.
History
Harrisons and Crosfield plc, the pre-cursor to Elementis, was a large, diversified conglomerate. In 1997, the company directors took the decision to concentrate the business around its performance chemicals expertise and in 1998 relaunched as Elementis plc.
Key events
1997 - return of capital - over ￡400 million returned to shareholders
1998 - exit from non core sectors - interests in food & agriculture sold, along with timber & building supplies
1998 - chemical business acquisition - key specialty additive manufacturer Rheox, bought and integrated with Elementis Specialties
December 2002 - Elementis Chromium acquisition of OxyChem's chromium chemicals business, creating a single US producer
July 2004 - Elementis Specialties acquisition of Sasol Servo B.V.
October 2005 - Sale of Specialty Rubber business
August 2007 - Sale of Global Pigments business completed
July 2008 - Acquisition of Deuchem Co. Ltd, a key supplier of additives and resins to the coatings and related industries in Asia Pacific, by Elementis Specialty Products is completed
Trading origins
Harrisons and Crosfield was formed in 1844 when two brothers, Daniel and Smith Harrison, and Joseph Crosfield entered into partnership to trade in tea and coffee. From here the company soon developed into a global trading and tropical plantations company with estates producing tea, coffee, timber, oil palm and rubber.
Chemicals focus
Interest in the chemicals manufacturing sector started in 1947 through a joint venture with Durham Chemicals, UK to manufacture and market chemicals in Canada. By 1962 Harrisons and Crosfield had a majority shareholding in Durham Chemicals. Major acquisitions followed from the 1970s onwards with the purchase of key chromium, pigments and specialties businesses.
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