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
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
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
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
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
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
Lotte Chemical to Merge its Affiliate Lotte Advanced Materials
Lotte Chemical said on August 22 in a regulatory filing that its management had agreed to merge with Lotte Advanced Materials, a wholly-owned subsidiary. The board of directors of Lotte Chemical, based in Seoul, agreed on a scheduled merger between
Meridian Adhesives Group Acquires Epoxies, Etc
Meridian Adhesives Group announced on Thursday the acquisition of Epoxies, Etc., a leading resin formulator of epoxies, urethanes and silicones. Arsenal Capital Partners created Meridian in 2018 as its platform in the global adhesives and sealants sector, focusing on high-value
Motiva to Acquire Flint Hills Port Arthur Cracker
Saudi Aramco’s US subsidiary Motiva Enterprises has agreed to buy Flint Hills Resources’ cracker and related chemical assets at Port Arthur, Texas, USA. Financial terms were not disclosed. The deal is expected to close in the fourth quarter of 2019.
Elkem ASA Acquires Silicones Producer Basel Chemie
Elkem ASA acquires Basel Chemie, a Korean producer of specialty silicone gels for cosmetics and water repellents for the construction industry. The acquisition gives Elkem access to leading technology in attractive end-user silicone segments and provides a solid platform for
Domo Chemicals to Acquire Solvay’s Nylon Business in Europe for €300M
DOMO Chemicals and Solvay have signed an agreement for DOMO to acquire Solvay’s Performance Polyamides Business in Europe. This includes Engineering Plastics operations in France and Poland; High-Performance Fibers in France; Polymer and Intermediates operations in France, Spain and Poland.
Saudi Aramco to Acquire 20% Stake in RIL’s O2C Jamnagar Unit
Saudi Aramco signed a letter of intent for a proposed purchase of a 20% stake in the oil-to-chemicals (O2C) business of India’s Reliance Industries Ltd., including the 1.24 million barrels-a-day Jamnagar refining complex on the country’s west coast. Reliance values
SKC, Kuwait’s PIC form $1-billion JV in South Korea
SKC of South Korea and Petrochemical Industries Company (PIC) of Kuwait have agreed to establish a propylene chemicals joint venture worth $1.2 billion. PIC will hold a 49 percent stake worth $476.2 million in the new company whereas South Korea’s
Huntsman Sells its Intermediates, Surfactants Businesses to Indorama for $2.1 B
Huntsman Corporation announced on Friday that it has entered into a definitive agreement to sell its chemical intermediates businesses, which includes PO/MTBE, and its surfactants businesses to Indorama Ventures in a transaction valued at $2.076 billion. The transaction comprises a
Eni, ADNOC Close Partnership Agreements in Refining and Trading
Eni and ADNOC, said they closed their strategic partnership, announced in January, through which Eni acquired a 20 percent equity interest in ADNOC refining. The partners – which include Austria’s OMV – also set up a new trading joint venture.
Grillo Sells Methanesulfonic Acid from Methane Tech to BASF
Grillo has sold its IP and know-how regarding the production of MSA from methane to BASF. BASF will utilize the acquired IP and know-how within its own R&D activities on MSA. Grillo has developed a novel process and optimized it
Huntsman to Buy Sasol’s 50% Interest out of Maleic Anhydride JV in Germany
Huntsman Corporation announced that it has signed a definitive agreement with Sasol to acquire the 50% interest that Huntsman does not own in the Sasol-Huntsman maleic anhydride joint venture. The joint venture owns a manufacturing facility in Moers, Germany with
Clariant, Sabic Talks on Specialties JV Collapse, Clariant to Divest Masterbatches
Clariant and SABIC have agreed to temporarily suspend the discussions on the intended business combination High Performance Materials (HPM), consisting of Clariant’s Additives and high value Masterbatches and parts of SABIC’s Specialties business. The JV talks with Saudi Basic Industries
Givaudan to Acquire German Fragrance Maker Drom
Givaudan, the global leader in flavours and fragrances, announced that it is to acquire Drom to further extend its leadership in the global Fragrance market. While terms of the deal have not been disclosed, Drom’s business would have represented approximately
Bunge Limited, BP to form a Bioenergy JV in Brazil
Bunge Limited , a leader in agriculture, food and ingredients, announced an agreement with BP plc to form a 50:50 joint venture that will create a leading bioenergy company in Brazil. The joint venture, to be called BP Bunge Bioenergia,