Autodesk Water
Connecting Waterpeople
Autodesk Water Webinar Series - April 30th, 10h (UTC+1)

You are here

Italmatch Chemicals acquires BWA Water Additives

  • Italmatch Chemicals acquires BWA Water Additives

About the entity

Italmatch Chemicals
Italmatch is a leading innovative Chemical Group, specialized in Performance Additives for the Lubricant, Plastics, Water & Oil markets.


Italmatch Chemicals, a leading global specialty chemical group focused on the production and marketing of performance additives for water & process treatment, oil & gas, industrial lubricants and plastics, announced that it had signed an agreement to acquire BWA Water Additives, a leading global provider of sustainable water management solutions for the oil & gas, industrial water treatment and desalination industries.

This combination of two highly complementary companies allows the development of strategic, commercial and industrial synergies, consistent with the aim of expanding and broadening Italmatch Chemicals’ current production and marketing capabilities for water management chemicals. BWA Water Additives, having more than 40 years experience in the marketing of water & process treatment additives, provides a comprehensive range of highly specialized chemical solutions and associated services, which are highly complementary with Italmatch Chemicals’ product range, technologies and commercial approach to the fast growing water treatment industry.

Sergio Iorio, CEO of Italmatch Chemicals Group, stated: “This transaction represents a unique opportunity to further increase our business, enhancing our innovative footprint in the water & process treatment applications field, and to continue the Group’s growth through high quality, research & development and ‘best in class’ technology offerings for the most demanding applications. We see BWA as the ideal partner, sharing our strategic view to grow through innovative and tailor-made solutions. In addition, BWA complements Italmatch Chemicals’ product portfolio with a broad range of biocides for IWT and Oil & Gas applications”. 

The transaction, which is subject to customary regulatory approvals, is expected to close during the first quarter of 2019.

The transaction is expected to be financed through a combination of debt of Italmatch and equity. Fire (BC) S.p.A, Italmatch Chemicals’ parent company, has obtained commitments for the debt component of the financing, which is intended to complement the Italmatch Chemicals Group’s existing debt capital structure.

We expect that, following the acquisition of BWA and after giving effect to the expected synergies to be generated in connection therewith, our senior secured net leverage ratio will be substantially in line with current levels.

Subscribe to our newsletter

Topics of interest

The data provided will be treated by iAgua Conocimiento, SL for the purpose of sending emails with updated information and occasionally on products and / or services of interest. For this we need you to check the following box to grant your consent. Remember that at any time you can exercise your rights of access, rectification and elimination of this data. You can consult all the additional and detailed information about Data Protection.