Covestro Sells European Systems Houses Business to HIG Capital

Covestro successfully closed the sale of its European Systems Houses business to H.I.G. Capital effective as of November 1, 2019. The sales proceeds amount to a high-double-digit euro million sum. The business comprises facilities in the Netherlands, Denmark, Spain, Germany and further businesses in Italy. With approximately 250 employees, the business generates a annual sales … Read moreCovestro Sells European Systems Houses Business to HIG Capital

Sibur Closes Sale of Petchem Units Based in Togliatti, Russia to Tatneft

SIBUR and Tatneft have closed the sale and purchase of certain production and other assets that to date have been registered in the name of Sibur Togliatti and Togliattisintez legal entities. After the deal, Tatneft intends to further develop the acquired assets in line with its gas and petrochemical strategy, while SIBUR will concentrate efforts … Read moreSibur Closes Sale of Petchem Units Based in Togliatti, Russia to Tatneft

Gabriel Performance Acquires Alkyd Resins Product Line from Deltech

Gabriel Performance Products, a U.S.-based leading specialty chemicals company serving the coatings, adhesives, and composite end markets, announces the acquisition of a select portfolio of alkyd resins from Deltech Resin Company. Gabriel has purchased a subset of Deltech’s alkyd resin product line. Gabriel will produce these products in its Harrison City, PA facility, home of … Read moreGabriel Performance Acquires Alkyd Resins Product Line from Deltech

Arkema to Sell Functional Polyolefins Business to SK Global

Arkema announces the proposed divestment of its Functional Polyolefins business to SK Global Chemical, a major chemicals player in South Korea and a subsidiary of SK, the large South-Korean corporation. With this project, Arkema continues its shift towards specialty chemicals and advanced materials. Part of the PMMA Business Unit (Industrial Specialties division), the Functional Polyolefins … Read moreArkema to Sell Functional Polyolefins Business to SK Global

Brenntag to Acquire Brazilian Chemical Distributor Quimisa

Brenntag, the global market leader in chemical and ingredients distribution, has signed an agreement to acquire Quimisa SA including its logistics subsidiary Quimilog. German Torres, Chief Executive Officer of Brenntag Latin America: “For Brenntag, the acquisition of Quimisa is an attractive investment with a strong infrastructure which will allow us to increase our market position … Read moreBrenntag to Acquire Brazilian Chemical Distributor Quimisa

Merck KGaA Completes Acquisition of Versum Materials

Merck KGaA, Darmstadt, Germany, announced on Monday that it has completed the announced transaction with Versum Materials, Inc., a leading materials supplier to the semiconductor industry. Merck expects Versum to contribute around 270 million euros ($296.76 million) to group revenues by the end of the year. In April, Merck sealed a $6.5 billion takeover deal … Read moreMerck KGaA Completes Acquisition of Versum Materials

Clariant mulls $1.5B Masterbatches sale to PolyOne

Clariant AG is in talks to sell its masterbatch unit to U.S. specialty materials maker PolyOne Corp., according to a report by Bloomberg. Clariant has been seeking about $1.5 billion for its Masterbatches business, which makes colorants and optical brighteners for polymers, according to the report. While discussions with PolyOne are the most advanced, the … Read moreClariant mulls $1.5B Masterbatches sale to PolyOne

DuPont to Acquire Membrane Business from Evoqua Water Technologies

DuPont announced it has signed an agreement to acquire the Memcor business including ultrafiltration and membrane biofiltration technologies from Evoqua Water Technologies Corp. The transaction is expected to close by the end of 2019, subject to customary closing conditions and regulatory approvals. “Our strategic intent for the Water Solutions business is to have a robust … Read moreDuPont to Acquire Membrane Business from Evoqua Water Technologies

Nufarm Sells South American Crop Business to Sumitomo for $1.2B

Nufarm Limited announced on Monday, 30th September it had entered into an agreement to sell its South American crop protection and seed treatment operations in Brazil, Argentina, Colombia and Chile to Sumitomo Chemical Company Limited for $1,188 million cash (on a cash-free, debt-free basis and subject to customary net working capital adjustments on completion). Nufarm … Read moreNufarm Sells South American Crop Business to Sumitomo for $1.2B

Arkema Completes the Acquisition of its Partner’s Stake in Sunke

Arkema has completed the acquisition of its partner’s stake in Taixing Sunke Chemicals, its joint venture manufacturing acrylic monomers in China, and now becomes the sole shareholder of the company. With this transaction, which has approximately €70 million ($86 million) impact on the net debt, the Group will support the growth of its customers in … Read moreArkema Completes the Acquisition of its Partner’s Stake in Sunke

BASF Enters into Natural Flavor and Fragrance Ingredients Market

BASF enters the market for natural F&F ingredients by acquiring Isobionics, an innovation leader in biotechnology which is serving the global market for natural flavors and fragrances (F&F), and through a cooperation agreement with Conagen, a leader in biotechnology research. Being known as a leading supplier of synthetic aroma ingredients, the company now broadens its … Read moreBASF Enters into Natural Flavor and Fragrance Ingredients Market

DuPont to Acquire Ultrafiltration Membrane Business from BASF

DuPont Safety & Construction (DuPont) today announced it has signed an agreement to acquire the Ultrafiltration Membrane business from BASF including inge GmbH. The transaction, including the business’ international workforce, its headquarters and production site in Greifenberg, Germany, and associated intellectual property currently owned by BASF SE., is expected to close by the end of … Read moreDuPont to Acquire Ultrafiltration Membrane Business from BASF

Covestro to Sell European Polycarbonate Sheets Business to Serafin Group

Materials manufacturer Covestro has signed an agreement with Serafin Group for the sale of Covestro’s European polycarbonate sheets business, which comprises manufacturing units in Belgium and Italy, central management operations and sales support in Europe. The business generates total revenues of around EUR 130 million ($144 million). Polycarbonate sheets are highly break-resistant and are mostly … Read moreCovestro to Sell European Polycarbonate Sheets Business to Serafin Group

Petronas Chemicals Completes Acquisition of Da Vinci Group

Petronas Chemicals Group (PCG) has completed the acquisition of Da Vinci Group BV after fulfilling the conditions required in the share purchase agreement to complete the acquisition of 100% of the share in Da Vinci. PCG has agreed earlier this year to buy the Dutch specialty chemicals firm for a reported €163m (US$182m). In a … Read morePetronas Chemicals Completes Acquisition of Da Vinci Group

Sika Acquires Chinese Silicones Seals Manufacturer

Sika has agreed to acquire Crevo-Hengxin, a Chinese manufacturer of silicone sealants and adhesives used in both industry and construction applications. With this takeover, Sika is expanding its Target Markets Industry and Sealing & Bonding presence in China and the Asia Pacific region, and is gaining additional silicone technology plus a production footprint. Crevo-Hengxin generates … Read moreSika Acquires Chinese Silicones Seals Manufacturer

Ashland Completes Sale of Composites Business to INEOS for $1.015 B

Ashland Global Holdings Inc. announced on Tuesday, 3rd September that it has completed the previously announced sale of its Composites business (excluding the Maleic business) and butanediol manufacturing facility in Marl, Germany to INEOS Enterprises in a transaction valued at $1.015 billion. Net proceeds from the sale are approximately $930 million. Over $400 million of … Read moreAshland Completes Sale of Composites Business to INEOS for $1.015 B

Sumitomo Chemical Completes Merger of ECC with SCIL

Sumitomo Chemical India Limited (SCIL), a subsidiary of one of the leading global chemical companies Sumitomo Chemical Co., Ltd., Japan and a leading player in Indian agrochemical, household insecticides and animal nutrition sectors, announced the completion of the merger of Excel Crop Care Limited (‘ECC’) with itself (SCIL). The aforementioned merger process has been successfully … Read moreSumitomo Chemical Completes Merger of ECC with SCIL

Quaker Houghton to Acquire Operating Divisions of Norman Hay plc

Quaker Houghton announced on Thursday, 29th Aug that it has agreed to acquire the operating divisions of Norman Hay plc, a private UK company that provides specialty chemicals, operating equipment, and services to industrial end markets, for a purchase price of 80 million GBP ($98 million), subject to post-closing adjustments.  The divisions to be acquired … Read moreQuaker Houghton to Acquire Operating Divisions of Norman Hay plc

DIC to Acquire BASF’s Global Pigments Business

BASF and the fine chemical company DIC have reached an agreement on the acquisition of BASF’s global pigments business. The purchase price on a cash and debt-free basis is €1.15 billion ($1.27 billion). The transaction is expected to close in the fourth quarter of 2020. The divestiture is subject to the approval of the relevant … Read moreDIC to Acquire BASF’s Global Pigments Business

Koch Methanol Acquires Majority Ownership Stake in YCI Methanol One

Koch Methanol Investments, LLC (Koch Methanol) and Yuhuang Chemical Industries Inc. (YCI), a wholly owned subsidiary of Shandong Yuhuang Chemical Company, have recapitalized YCI Methanol One, LLC (the “Joint Venture”).  As a result of this transaction, Koch Methanol is the indirect, majority owner and managing member of the Joint Venture. The Joint Venture is currently … Read moreKoch Methanol Acquires Majority Ownership Stake in YCI Methanol One