Honeywell Purchases Wax Technology, Expanding Specialty Additives Offering

Technology enables Honeywell to develop a wider array of specialized polyethylene waxes for paints, coatings, adhesives and inks

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Honeywell

Dec 05, 2011, 09:00 ET

MORRIS TOWNSHIP, N.J., Dec. 5, 2011 /PRNewswire/ -- Honeywell (NYSE: HON) announced today that it has purchased Evonik Industries' portfolio of manufacturing technology, including patents, for the production of polyethylene waxes used in a variety of applications, from paints and coatings to adhesives and inks.

The technology features Ziegler-Natta catalysts, which have been used to produce polymers such as polyethylene since 1956. Today, the majority of plastics and chemicals manufactured around the world are produced using this technology.

The technology will supplement Honeywell's existing extensive line of wax additives, which help improve the performance of a variety of products around the world. Honeywell waxes make paints and coatings more durable; help pipe manufacturers extrude PVC faster and reduce energy usage; and improve the stickiness of labels and cardboard box adhesives.

"This technology purchase expands Honeywell's ability to develop new additives that can solve a variety of challenges for our customers in the paints, plastics, coatings, adhesives and inks industries," said Lincoln Germain, global business director for Honeywell's Specialty Additives business. "Ziegler-Natta-based technology is a great complement to Honeywell's already broad set of manufacturing technologies for polyethylene additives."

More than 50 years ago, Honeywell became the first commercial manufacturer of low-molecular-weight polyolefin polymers. Today, Honeywell offers one of the world's most extensive lines of synthetic waxes. Honeywell's many recognized brands include Honeywell Rheochem®, Honeywell A-C®, Honeywell AClyn® and Honeywell ACumist®. Honeywell continues to make investments to better serve its customers around the world.

Evonik Industries is one of the world leaders in specialty chemicals. Its activities focus on key megatrends including health, nutrition, resource efficiency and globalization. Evonik conducts business in more than 100 countries globally.

For more information on Honeywell's line of specialty additives, visit www.acwax.com.

Honeywell Specialty Materials is a global leader in providing customers with high-performance specialty materials, including fluorine products; specialty films and additives; advanced fibers and composites; intermediates; specialty chemicals; electronic materials and chemicals; and technologies and materials for petroleum refining.

Honeywell International (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com.

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SOURCE Honeywell