Cathay Industries buys Hoover Color

By Kasia Patel
Published: Friday, 01 July 2016

Cathay Industries, one of the world's largest synthetic iron oxide producers, is continuing with its move into eco-friendly and sustainable pigments with the acquisition of US-based Hoover Color, a market leader in naturally-occurring umbers and transparent iron oxides.

Leading iron oxide producer Cathay Industries has signed an agreement to purchase Virginia, US-based pigment producer Hoover Color Corp. for an undisclosed amount.The sale is expected to close in Q3 2016, subject to customary closing conditions.According to...

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