Novacap has completed the acquisition of a majority shareholding in Chemoxy International Ltd, a leading contract manufacturer for specialty chemicals and environmentally friendly solvents.
Based in the United Kingdom, Chemoxy operates two multidisciplinary and flexible manufacturing sites in Middlesbrough and Billingham. Chemoxy currently employs 150 people and recorded a turnover of £42 million in 2016.
With strong positions in Custom Processing and Solvent Recovery, Chemoxy also offers attractive Performance Products with a large range of low toxicity, environmentally friendly solvents and specialty personal care ingredients.
Chemoxy serves a diverse range of markets, including pharmaceutical, personal care, flavours and fragrances, food and feed, environmental, surface coatings, lubricant additives.