Italmatch Chemicals acquires BWA Water Additives

  意大利意特化工（Italmatch Chemicals）收购英国BWA水处理添加剂业务

Italmatch Chemicals, a leading global specialty chemical group focused on the production and marketing of performance additives for water & process treatment, oil & gas, industrial lubricants and plastics, announced that it had signed an agreement to acquire BWA Water Additives, a leading global provider of sustainable water management solutions for the oil & gas, industrial water treatment and desalination industries.

意大利意特化工（Italmatch Chemicals），一家全球领先的专业化工集团，专注于水和工艺处理、石油天然气、工业润滑油和塑料用功能添加剂的生产和销售商，宣布已签署协议收购总部位于英国大曼彻斯特斯特雷特福德（Stretford,Greater Manchester）BWA水添加剂公司业务，BWA水一家全球领先的石油天然气、工业水处理和海水淡化行业可持续水管理解决方案供应商。

This combination of two highly complementary companies allows the development of strategic, commercial and industrial synergies, consistent with the aim of expanding and broadening Italmatch Chemicals’ current production and marketing capabilities for water management chemicals. BWA Water Additives, having more than 40 years experience in the marketing of water & process treatment additives, provides a comprehensive range of highly specialized chemical solutions and associated services, which are highly complementary with Italmatch Chemicals’ product range, technologies and commercial approach to the fast growing water treatment industry.

两个高度互补的公司的结合使得战略、商业和工业协同发展成为可能，这与扩展和扩大意特化工在水处理化学品方面的现有生产和营销能力的目标一致。BWA水添加剂在水和工艺处理添加剂市场营销方面拥有40多年的经验，提供了一系列高度专业化的化学解决方案和相关服务，与Italmatch Chemicals对快速增长的水的产品系列、技术和商业方法高度互补。

Sergio Iorio, CEO of Italmatch Chemicals Group, stated: “This transaction represents a unique opportunity to further increase our business, enhancing our innovative footprint in the water & process treatment applications field, and to continue the Group’s growth through high quality, research & development and ‘best in class’ technology offerings for the most demanding applications. We see BWA as the ideal partner, sharing our strategic view to grow through innovative and tailor-made solutions. In addition, BWA complements Italmatch Chemicals’ product portfolio with a broad range of biocides for IWT and Oil & Gas applications”.

I    talmatch Chemicals Group首席执行官Sergio Iorio表示：“此次交易是一次独特的机会，可以进一步扩大我们的业务，增强我们在水和工艺处理应用领域的创新足迹，并通过高质量、研发和一流的对最苛刻的应用的热情。我们将BWA视为理想的合作伙伴，分享我们通过创新和定制解决方案实现增长的战略观点。此外，BWA还补充了Italmatch Chemicals的产品组合，包括各种用于工业水处理（IWT）和油气领域应用的杀菌剂”

The transaction, which is subject to customary regulatory approvals, is expected to close during the first quarter of 2019.

    该交易须经常规监管机构批准，预计将于2019年第一季度完成。

The transaction is expected to be financed through a combination of debt of Italmatch and equity. Fire (BC) S.p.A, Italmatch Chemicals’ parent company, has obtained commitments for the debt component of the financing, which is intended to complement the Italmatch Chemicals Group’s existing debt capital structure.

这笔交易预计将通过意大利国债和股权相结合的方式融资。Fire（BC）S.P.A，Italmatch Chemicals的母公司，已获得融资债务部分的承诺，旨在补充Italmatch化工集团现有的债务资本结构。

We expect that, following the acquisition of BWA and after giving effect to the expected synergies to be generated in connection therewith, our senior secured net leverage ratio will be substantially in line with current levels.

我们预计，收购BWA后，在实现与之相关的预期协同效应后，我们的高级担保净杠杆比率将与当前水平基本一致。