Lonza rebrands as Arxada

Wednesday 10 Nov 2021

 
Lonza rebrands as Arxada and agrees to merge with Troy - Arxada, a global specialty chemicals business, and Troy Corporation, a global producer of microbial control solutions and performance additives, announced that they have entered into an agreement to combine the two companies. This agreement represents the first strategic deal by Arxada, formerly known as Lonza Specialty Ingredients or LSI and owned by private equity funds Bain Capital and Cinven, since the purchase from Lonza Group in July 2021. As part of the deal structure, Troy’s owners will invest in the combined company.

The new name Arxada follows the company’s launch as an independent business in July 2021, after the completion of the sale of Lonza Specialty Ingredients from Lonza Group.

Scott Connor was appointed Director of Commercial Operations for the NZ Wood Protection business earlier in the year. Commenting on the changes Scott says, “2021 has been an extremely demanding year for our customers and the industry with no sign of a slow down on the horizon. Our highly experienced team are more passionate than ever, striving to add true value to our customers businesses.”

“We are excited to see a focus on investment come through from our new owners and we look forward to enjoying an even stronger supply chain.” As we all know, this is currently one of the biggest industry challenges and will be for the foreseeable future. The industry will continue see our trusted Tanalised brand out in the market. Meanwhile we endeavour to ensure the global supply chain complications don’t impact our loyal NZ customer base.”

Angelo Hrastov, Director Commercial Operations MCS Oceania commented, “This combination of Arxada and Troy represents an exciting time for not only for us as a business but for all of our customers. The combination allows us to leverage the differentiated and complementary strengths of each organisation to provide better products and services for our customers while enabling us to better meet the challenges that face our customers today. As one company we will have a stronger value proposition to offer our customers through greater innovation and marketing capabilities.”

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Source: Arxada


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