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Milliken & Company Announces Intent to Acquire Borchers from The Jordan Company

January 13, 2020 | News

SPARTANBURG, S.C. — Milliken & Company (“Milliken”), a global diversified manufacturer with
more than a century and a half of materials science expertise, announced that it has signed an
agreement to acquire Borchers Group Limited (“Borchers”), a global specialty chemicals
company known for its innovative high-performance coating additives and specialty catalyst
solutions from The Jordan Company, L.P. (“TJC”). The acquisition is expected to close in January
2020, subject to customary closing conditions.

Headquartered in Westlake, Ohio, Borchers carries a respected portfolio of additives for the
coatings, inks and adhesives markets with a comprehensive range of cobalt-free driers,
dispersants, rheology modifiers, wetting agents, polymerization catalysts and adhesion
promoters. The addition of Borchers—particularly its expertise in specialty coating additives—
further builds Milliken’s comprehensive solutions portfolio, aligned with the company’s strategic
objective to develop a global range of growth platforms.
“I’m thrilled to accelerate our commitment to innovation and sustainability with the acquisition
of a company so aligned with our values,” shared Halsey Cook, president and CEO of Milliken &
Company. “Borchers brings particular technical expertise that will boost Milliken’s strengths and
propel our growth.”

Devlin Riley, president & CEO of Borchers, said, “We are ecstatic about partnering with Milliken
to further invest in our business, build out our global platform and continue providing innovative
and satisfying solutions to our customers. Combining our capabilities and approach with the depth
of Milliken’s technology and innovation will allow us to provide exemplary solutions to the
markets we serve. I want to thank the TJC team for their guidance and strong partnership.”
Erik Fagan, a partner at TJC, added, “Devlin and the Borchers team have guided the company
through a period of strong organic and acquisition growth. We are proud to have partnered with
Borchers management and excited to see the continued impact their products will have for their

Click here to view the full announcement.


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