Elementis
| File:Elementislogo.gif | |
| Company type | Public (LSE: ELM) |
|---|---|
| Industry | Chemicals |
| Founded | 1844 |
| Headquarters | London, UK |
Key people | Bob Beeston, Chairman David Dutro, CEO |
| Revenue | £395.9 million (2007) |
| £37.6 million (2007) | |
| £33.7 million (2007) | |
Number of employees | circa 1,200 (2007) |
| Website | www.elementis.com |
Elementis plc (LSE: ELM) is one of the UK's largest speciality chemicals business. It is listed on the London Stock Exchange.
History
The company was founded in Liverpool in 1844 as Harrison and Crossfield by Daniel Harrison, Smith Harrison and Joseph Crossfield to trade in tea and coffee. In 1903 it diversified into operating rubber plantations in the far east.
In 1947 it established a joint venture with Durham Chemicals and in 1973 acquired British Chrome & Chemicals. In 1982 it sold its Malaysian plantations and in 1994 it sold its Indonesian plantations.
In 1998 it changed its name to Elementis plc and acquired Rheox, a speciality chemicals business and in 2002 it acquired Oxychem's chromium chemicals business.
Operations
The business has three divisions:
- Speciality chemicals
- Chromium
- Surfactants
Elementis acquisition
Several Sovereign Wealth Funds are expressing an interest in the acquisition of Elementis, ( [1] and two Far East SWFs have undertaken corporate investigations into a possible acquisition of Elementis. The acquisition would ensure an ongoing product development and technological base for the manufacturing industries in the Far East.[2]