Monument Chemical Expands Custom Chemical Manufacturing to Include Bayport, Texas, Unit
With headquarters in Indianapolis, Indiana, Monument Chemical formed in 2008 with the acquisition of the Dow Haltermann site in Houston and has since grown through four add-on acquisitions. With four sites in North America and one in Antwerp, Belgium, Monument is a leader in custom chemical manufacturing. Monument also sells a leading line of solvents and intermediates, Polyols, and specialty reference fuels to our customers in North America and Europe.
According to company officials, “the acquisition allows Monument to expand its capabilities to better meet the needs of its custom manufacturing and tolling-services clients while also broadening its solvents and intermediates portfolio, specifically into high-purity applications.”
“The unique custom manufacturing capabilities of the Bayport facility, and the expertise of the Bayport team are a great strategic fit for our company, giving us improved capability to serve existing and new customers,” said Monument President Qamar Bhatia.
“By adding a third site in the Houston area, the most important hub of the chemical industry – Monument is advancing its leadership in custom chemical manufacturing for North America. The acquisition of Nova’s Bayport facility is a continuation of Monument’s efforts to grow its footprint and capabilities through M&A, and we actively continue to seek strategic additions to the Monument family,” Bhatia said.
Like Monument, Nova has a proven reputation as a flexible, innovative supplier of custom manufacturing solutions for the top companies in the chemical industry.
Monument and Nova manufacture complementary solvents and intermediates used in variety of end markets, including coatings, semiconductor processing, pharmaceutical manufacturing, and petroleum refining. Monument is also acquiring Nova’s manufacturing and sales of FLEXSORB SE for selective gas scrubbing, under license from ExxonMobil Research and Engineering Company.
“Our Bayport team will have an excellent future with Monument,” said Nova President Tyler Ellison. Monument’s culture of commitment to excellence in environmental, health, safety, and security earned the company’s Brandenburg, Kentucky site the 2018 Gold Performance Improvement Award from the Society of Chemical Manufacturers and Affiliates. This commitment will guide Monument’s role as the new steward of the Bayport site.
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