Abieta Chemie

Abieta Chemie GmbH was a German chemical company established in 1957 as a 50/50 joint venture between Farbwerke Hoechst AG (formerly Meister Lucius & Brüning) of Frankfurt am Main and Hercules Inc. of Wilmington, USA. The company was named after abietic acid, the main component of rosin (pine resin), which was its primary raw material. Production began in 1958 at a site in Gersthofen, where Hoechst already had terpene chemistry operations and where integration into existing infrastructure was possible. Abieta Chemie specialized in rosin-based resins and Dresinate derivatives. These products were used in the manufacture of synthetic rubber (for car tires, rubber molded parts, adhesives), plastic molded parts (for cars, kitchen appliances, telephone housings, Lego bricks, Playmobil figures), pigments for printing inks and paints, labeling adhesives for glass and PET bottles, metalworking aids (such as drilling and cutting oils, corrosion inhibitors, adhesion promoters, friction reducers), and marine paints. Ownership changed over time. On 1 July 1997, Hoechst AG's shares transferred to Clariant Deutschland GmbH, with both partners holding 50 percent of the share capital. In 2008, Abieta Chemie GmbH was sold to the Munich private equity firm Auctus. In mid-February 2009, ownership passed to the US-based Arizona Chemical. The acquisition of Abieta Chemie GmbH by Arizona Chemical GmbH was successfully completed as of 1 February 2009. The company is no longer active as an independent entity.

Abieta Chemie GmbH was founded in 1957 as a joint venture between Farbwerke Hoechst AG (formerly Meister Lucius & Brüning) of Frankfurt am Main and Hercules Inc. of Wilmington, USA. Each partner held 50 percent of the share capital. The company was named after abietic acid, the main component of rosin (pine resin), which it processed. Production began in 1958 at Gersthofen, chosen because Hoechst's existing plant there already housed terpene chemistry and allowed integration into existing infrastructure. The company produced rosin-based resins and Dresinate derivatives used in a wide range of industrial applications: synthetic rubber for car tires, rubber molded parts and adhesives; plastic molded parts for cars, kitchen appliances, telephone housings, Lego bricks and Playmobil figures; pigments for printing inks and paints; labeling adhesives for glass and PET bottles; metalworking aids such as drilling and cutting oils, corrosion inhibitors, adhesion promoters and friction reducers; and marine paints. On 1 July 1997, Hoechst AG's shares in Abieta Chemie transferred to Clariant Deutschland GmbH, with both partners continuing to hold 50 percent of the share capital. In 2008, Abieta Chemie GmbH was sold to the Munich private equity firm Auctus. In mid-February 2009, ownership passed to the US-based Arizona Chemical. The acquisition of Abieta Chemie GmbH by Arizona Chemical GmbH was successfully completed as of 1 February 2009. The company is no longer active as an independent entity.

• 2009

  Acquired by Arizona Chemical; acquisition completed as of 1 February.

• 2008

  Sold to Munich private equity firm Auctus.

• 1997

  Hoechst AG's shares transfer to Clariant Deutschland GmbH on 1 July.

• 1958

  Production begins at Gersthofen.

• 1957

  Founded as a joint venture between Farbwerke Hoechst AG and Hercules Inc.

Specialty chemicals producer focused on rosin and terpene chemistry for industrial applications.

• Resine

  Rosin-based resins used in synthetic rubber, plastics, pigments, adhesives, metalworking aids and marine paints.

• Dresinate

  Rosin derivatives used in similar industrial applications.

1. 1Abieta Chemiede.wikipedia.org
2. 2Abieta Chemiewikidata.org