Osmose acquires Mattersmiths wood preservative businessFriday 15 Mar 2013 Osmose New Zealand, a wholly owned subsidiary of Osmose, Inc., a global supplier of wood preservative products, announced this week that it has completed the purchase of Mattersmiths Holdings Ltd. and Mattersmiths Technologies Ltd. Mattersmiths’ business focuses primarily on the manufacture and sale of antisapstain chemicals. Among the assets Osmose is acquiring are Mattersmiths’ patent portfolio as well as its trademarks and other intellectual property.Steve Crimp, General Manager of Osmose New Zealand, said “This acquisition is very exciting for Osmose and our customers. In addition to the current antisapstain business of Mattersmiths we see great opportunity for many of the technologies Mattersmiths has developed, in particular a new product for the treatment of framing timber to meet the H1.2 hazard class.” Paul Maynard, previously Managing Director of the Mattersmiths Group, believes Osmose can successfully develop the new technologies, henceforth he will continue to pursue technology development in other fields. |
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