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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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