Monument Chemicals Completes Acquisition of Dow Haltermann Custom Processing in Belgium

June 3, 2010

1 Min Read
Monument Chemicals Completes Acquisition of Dow Haltermann Custom Processing in Belgium

Monument Chemicals Inc., a specialty chemicals holding company, has completed an acquisition with The Dow Chemical Co. (Dow), acquiring a multipurpose manufacturing facility and the business assets of Dow Haltermann Custom Processing located in Antwerp, Belgium. Effective June 2, Monument now serves the European specialty chemicals sector under the newly named company, CHL Chemical. The U.S.-based business will continue to operate as Johann Haltermann Ltd.

"We are thinking globally while we invest regionally in order to continue to provide custom processing and specialty chemical customers with the technical expertise, flexibility, and service that they have come to expect,” said Amy Schumacher, president of Monument Chemicals. “Today’s acquisition sets the stage for growth with key customer relationships.”

The deal marks an important move in Monument's strategy for global expansion in the specialty chemicals market. It reunites Monument’s Houston-based Haltermann specialty chemicals operation with the manufacturing business in Belgium and expands the company’s presence into Europe.

Monument Chemicals Inc. is a privately held joint venture holding company between The Heritage Group and The Grube family that focuses on advancing technology innovations in toll processing and product manufacturing for the specialty chemicals industry. The Heritage Group and The Grube family have invested extensively in the development of technical expertise and high-productivity solutions for the specialty hydrocarbons business. The company was founded in 2008 and is headquartered in Indianapolis, Indiana.

Dow's diversified portfolio of specialty chemical, advanced materials, agrosciences, and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 160 countries and in high-growth sectors such as electronics, water, energy, coatings, and agriculture. More information about Dow can be found at

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