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Peter Greven Acquires Additives Division of Manufacturer Norac, Inc.

Peter Greven Acquires Additives Division of Manufacturer Norac, Inc.

Effective 30th of September 2017, Peter Greven Group, a manufacturer of oleochemical derivatives, has formed Norac Additives LLC and acquired the assets of the additives division of US company Norac, Inc.

Norac Additives has its headquarters and development lab in Pomona, California, USA and a production site in Helena, Arkansas, USA. The company specializes in the production and sale of various plastic additives, including metallic stearates, ester lubricants and PVC heat stabilizers, and possesses long-term application expertise within the plastic industry.

Peter Greven Group was founded in 1923 and has its headquarters in Bad Muenstereifel, Germany, with additional production sites in Venlo, the Netherlands and Penang, Malaysia (Joint Venture), as well as sales offices in Paris, France and Freehold, New Jersey, USA. Peter Greven Group is well positioned internationally, with a broad product range containing metallic and alkali soaps as well as esters and dispersions. The company supplies customers in various industries worldwide. Through the formation of Norac Additives, the company’s presence in the USA, as well as its position within the plastic industry worldwide, shall be strengthened and extended.

Norac Additives will remain an independent company after the transaction, but will be fully integrated into Peter Greven Group. In this context, the management board of Peter Greven has announced that all employees and the management team of Norac Additives will be retained.

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