Terms of the deal were not disclosed. It opens new markets to us and broadens our product offering to better serve our customers. Typical end use markets for colloidal silicas include coatings, ink receptive papers, metal casting, refractory products, and catalysts. Grace Davison Silica Products currently markets silica products which are used as additives in a wide range of applications including industrial paints and coatings, ink receptive media, food and beverage, pharmaceutical and personal care products, and plastics processing.
Colloidal silica has unique characteristics that can be sold to a wide variety of customers.
The acquisition of this technology platform expands our established capability in material science and provides opportunities to accelerate the growth of our business. In acquiring this manufacturing operation, we plan to continue to deliver the high level of quality and service that customers around the world have come to expect from the Ludox name.