GE sells it silicones business to US investment firm

By Simon Pitman

- Last updated on GMT

Related tags Ge advanced materials Silicon Silicone

Global manufacturing and services provider General Electric has
sold its GE Advanced Materials business, which includes its
activities in the silicones area, to Apollo management company for

Silicones are widely used in the cosmetics industry for just about every aspect of production, from formulation through to packaging, with GE Advanced Materials has played an increasingly important part as a worldwide supplier to the industry in recent years.

GE says that upon completion of the transaction it will received a 10 per cent ownership stake in the business, which is also active in the Quartz field.

The closing transaction is expected to be undertaken before the end of the year, but is subject to regulatory approval.

"Advanced Materials is a global leader in a wide range of high-technology materials solutions,"​ said Joshua Harris, a founding partner of Apollo. "It has a world class management team, a robust technology portfolio and strong research and development. This combination makes it an extremely valuable asset and gives Apollo a solid foundation to profitably grow this business and create long-term value."

GE Advanced Materials has an annual turnover of $2.5 billion and is focused on the supply of silicone-based products, including silanes, sealants, urethane additives and adhesives; as well as high-purity fused quartz and ceramics materials. It is headquartered in Wilton, Conneticut and employs 5,000 people in 38 locations worldwide.

Silicones are mainly used to add texture to liquid cosmetic formulations, providing anything from silkier lotions to smoother-spreading sunscreens and drier anti-perspirants.

As well as sensory qualities, silicones are used for emolliency, to reduce friction and tensionm, as well as providing oxidative stability in finished products ranging from hair care to every type of lotion and cream.

Recent market reports from the Freedonia Group indicate that there is significant potential for further growth in both the market for silicones during the course of the next three years, which could see it top a value $3.8bn.

The study also suggests that the material's positive market image and strong performance advantage will be the key factors that will continue to drive the category, with silicone gels and foams expected to be key growth areas.

Related news

Show more

Related products

show more

Exosomes: Passing Trend or Transformative Reality?

Exosomes: Passing Trend or Transformative Reality?

Content provided by Naolys | 26-Mar-2024 | White Paper

Exosomes, microscopic vesicles naturally present in abundance within Plant Cells, have garnered significant attention within the scientific and cosmetic...

How Nutricosmetics Can Enhance Skin Beauty

How Nutricosmetics Can Enhance Skin Beauty

Content provided by Activ'Inside | 11-Dec-2023 | White Paper

In the ever-evolving realm of nutricosmetics, where inner wellness meets outer beauty, few natural ingredients have captured the spotlight quite like grapes.

Ultimate Antimicrobial Solution for BPC

Ultimate Antimicrobial Solution for BPC

Content provided by Acme-Hardesty Company | 11-Oct-2023 | White Paper

Sharomix™ EG10, a versatile broad-spectrum antimicrobial liquid blend for preserving personal care products, ensures safety at usage levels ranging from...

Acme-Hardesty Expands Product Line into Canada

Acme-Hardesty Expands Product Line into Canada

Content provided by Acme-Hardesty Company | 07-Jul-2023 | Product Brochure

Acme-Hardesty’s latest expansion into Canada includes Resplanta®, Botaneco®, and BYK from our partners Sharon Personal Care and Eckart Effect Pigments...

Related suppliers