Milliken & Company Finalizes Acquisition of Borchers

Spartanburg, South Carolina-based Milliken & Company, a diversified manufacturer with extensive materials science expertise, has formally acquired Borchers Group Limited, Westlake, Ohio, a specialty chemicals company known for high-performance coating additives and specialty catalyst solutions, from New York-based private equity firm The Jordan Company, L.P. The transaction officially closed Jan. 28, 2020.

As Borchers integrates into Milliken, daily operations will continue without interruption. Borchers carries a portfolio of additives for the coatings, inks and adhesives markets with a range of cobalt-free driers, dispersants, rheology modifiers, wetting agents, polymerization catalysts and adhesion promoters.

Jones Day represented Milliken in the transaction. Moelis & Company LLC acted as financial advisor, and Mayer Brown LLP acted as legal advisor to Borchers and TJC.

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