Under the Stephenson Group brand, Alkon Solutions specialises in anti-tack release agents for the tire industry. We created this business in 1985 and have been successfully supplying global customers in the rubber and tire industry. Other brands under the Stephenson Group include Textile Chemicals and Stephenson Personal Care.
We have recently gone through with the decision to sell Alkon Solutions to the Polymer Solutions Group (PSG). This was a difficult decision to make but definitely the right call for Stephenson Group at this time. Our CEO Jamie Bentley says that a “key strategy has been to divest our noncore businesses. The sales of both our ‘Serfax’ and ‘Alkon’ businesses demonstrate our focus on our future in personal care ingredients."
PSG also manufactures anti-tack systems for the rubber market. It is backed by private equity investor Arsenal Capital, and specialises in formulated polymer and polymer additive systems. They have recently acquired a number of global players in this industry and are excited by the acquisition as their Chief Executive says it “fits perfectly with our plan to expand our polymer additive product portfolio and to build out our global polymer platform”.
Although this means there will be great change for the two companies, it is going to be beneficial to both parties. PSG can continue becoming global industry leaders, whilst we can concentrate more on what we do best – and continue to focus our efforts into the dynamic and growing personal care industry, says Jamie: “Having now exited the paper and rubber sectors, we are in a position to focus on our future ‘Stephenson Personal Care’ and maximise the value in our heritage whilst continuing to invest in opportunities for the future such as new innovations into the Carbonated Beverage market with our flagship product ‘Sustain’ and continue investing in a great team of people taking the business forward.
We wish our colleagues in the Alkon Solutions business the very best for the future and we will support them in this new chapter of their careers as if they were part of our own team.”