Valtris Specialty Chemicals was formed in December 2014 following the acquisition of Ferro Corporation's Polymer Additives Division by HIG Capital Partners. In April 2016, Valtris acquired Akcros Chemicals, a UK producer of polymer additives. Prior to the acquisition of INEOS ChloroToluenes and INEOS Baleycourt, Valtris was a company producing plasticisers, benzyl chloride, heat stabilisers, biocides, metal stearates, tin stabilisers and other related products, with a turnover of $345 million. Valtris, headquartered in Independence, Ohio in the United States, operated seven manufacturing plants, including five in the United States, one in the United Kingdom and one in India. In August 2022, SK Capital Partners completed the acquisition of Valtris from HIG Capital.
The history of the site begins with the creation in 1959 of the company "Produits Chimiques de Baleycourt" or PCB by ICI France, a subsidiary of the chemical group ICI Ltd, and the LOUIS company for the manufacture of Chlorinated Paraffins under license from ICI.
- 1963: PCB becomes a subsidiary of ICI France and starts manufacturing Organic Esters.
- 1994: Baleycourt is a pioneer site in biofuels and starts the production of methyl ester from vegetable oils (rapeseed).
- 2001: Takeover of the Baleycourt site by the INEOS group.
- 2005: INEOS Enterprises France SAS takes a direct position on the French biodiesel market.
- 2008: INEOS Champlor SAS (a 50% joint venture owned by the INEOS group) invests in the Baleycourt site to build a rapeseed crushing unit and a new biodiesel production unit. The operation of these 2 units is entrusted to INEOS Enterprises France SAS.
- 2013: INEOS Enterprises Ltd takes 100% control of INEOS Champlor.
- 2018: the activities related to the manufacture of chlorinated paraffins are definitively stopped, the Baleycourt site is acquired by the VALTRIS Specialty Chemicals group and the corporate names of the 2 legal entities present become VALTRIS Enterprises France and VALTRIS Champlor.
