Arkema announced on Thursday that it is to acquire ArrMaz Products (Mulberry, Florida), a producer of specialty surfactants, from Golden Gate Capital for $570 million. ArrMaz is a leader in specialty surfactants for crop nutrition, mining and infrastructure with $290
Petronas Chemicals to Acquire Da Vinci Group
Petronas Chemicals Group Berhad (PCG) has announced on Thursday that it has entered into a Sale and Purchase Agreement (SPA) to acquire 100% of Da Vinci from its shareholders for $163 million (about RM 760.6 million). Da Vinci’s shareholders include
India’s SRF Sells Engineering Plastics Business to DSM for $45 million
Chemicals manufacturer SRF Ltd has signed an agreement to sell its engineering plastics business to DSM’s Indian subsidiary DSM Pvt Ltd for $45 million. Subject to the relevant conditions, the deal is expected to close in six months, SRF said
Trinseo to Acquire Latex Binders Assets in Germany
Trinseo announced on Thursday that it has signed a definitive agreement with The Dow Chemical Company to acquire latex production facilities and related infrastructure at Rheinmunster, Germany. The transaction is expected to close in the second half of 2019, following
Nippon Paint Acquires Betek Boya of Turkey
Nippon Paint Holdings Co. acquired Turkish paint manufacturer Betek Boya on Friday. An agreement was signed for the transfer of shares in Betek Boya and its subsidiaries. Betek Boya, well known in Turkey for its Filli Boya brand of paint,
INEOS Signs Sale of Melamines & Paraform Business to Prefere Resins
INEOS Enterprises has announced on Wednesday the sale of INEOS Melamines & Paraform to Prefere Resins Holding GmbH. The agreement covers sites in USA, Germany and Indonesia. INEOS Paraform is Europe’s second largest producer of Paraformaldehyde. It employs around 120
Verus Completes Sale of VanDeMark Chemical Inc
Verus Investment Partners, a leading private equity investment firm, announced today that it has sold its portfolio company VanDeMark Chemical Inc., Lockport, NY. There was no disclosure of financial terms. VanDeMark, an independent manufacturer of phosgene and phosgene derivatives, offers
Saudi Aramco to Acquire Shell out of Sasref Refinery for $631 Million
Saudi Aramco announced on Sunday it will buy Royal Dutch Shell’s 50% interest in the SASREF refinery in Jubail Industrial City, Saudi Arabia, for $631 million. The sale is expected to complete later this year, subject to regulatory approval. According
Nippon Paint to Acquire DuluxGroup for $2.7 Billion
Nippon Paint Holdings Co. will acquire major Australian paint company, DuluxGroup Ltd. for 300.5 billion yen ($ 2.7 billion) to strengthen its foothold in the overseas market, the two companies announced on Wednesday. The leading manufacturer of paint and coating
Saudi Aramco in Talks to Acquire 25% stake in Reliance Refining, Petrochemicals
Saudi Aramco, the world’s largest crude oil producer and refiner, is in serious discussions to acquire up to a 25 percent stake in Reliance Industries’ refining and petrochemicals businesses, as stated in local news report. The agreement on valuation could
MOL to Acquire German Recycled Plastic Compounder
MOL Group, a Hungarian energy company, has agreed to acquire Aurora, a recycled plastic compounder with production plants in Baden-Wurttemberg, Germany. The deal is part of the long-term strategy to expand the petrochemicals portfolio, MOL added. The transaction is subject
Versum Supports Merck KGaA’s Sweetened $6.5 B offer
Merck KGaA won Versum board’s support for a $ 6.5 billion sweetened takeover offer, reversing an agreed merger with rival Entegris. “This proposal constitutes a ‘Superior Proposal’ as defined in Versum’s previously announced merger agreement with Entegris, Inc.,” Versum said in
Vantage Specialty Chemicals Signs Definitive Agreement to Acquire Textron Plimon
Global private equity firm H.I.G. Capital, LLC announced on WEdnesday that its portfolio company, Vantage Specialty Chemicals Holdings, Inc, a leading, vertically-integrated provider of naturally derived ingredients, has signed a definitive agreement to acquire Textron Plimon, S.L.U. Natural Oils Business.
Versum Materials Urges Shareholders to Vote in Favor of Entegris Merger
Versum Materials announced the filing of an investor presentation with the SEC and that the Versum Board of Directors sent a letter to Versum shareholders regarding the previously announced definitive merger agreement with Entegris, urging shareholders to vote the WHITE
Italmatch Chemicals Acquires Tech Start-up Eco Inhibitors
Italmatch Chemicals on Tuesday announced that it has acquired Eco Inhibitors, a technology start – up company based in Norway that has developed chemical solutions to produce a new generation of environmentally friendly hydrate inhibitors. Investing in such highly innovative
Eastman acquires Sasol’s Marlotherm business
Eastman Chemical Company announced that it has acquired Sasol’s Marlotherm heat transfer fluids manufacturing assets located in Germany and related formulations, intellectual property and customer contracts. Terms of the transaction were not disclosed. The company stated that the acquisition will
Tnemec Acquires Rival Coatings and Linings Manufacturer
Tnemec Company, Inc., an industry-leading manufacturer of industrial and architectural protective coatings, announced it has acquired St. Louis-based coatings company, ProPolymer Coatings. ProPolymer Coatings provides tank linings, exterior coatings and containment products for various plants, from food and chemical processing
Westlake Chemical Partners LP to Increase Share of OpCo by 4.5%
Westlake Chemical Partners LP announced on Wednesday that it has agreed to acquire an additional 4.50% limited partner interest in Westlake Chemical OpCo LP on a fully diluted basis for approximately $201.4 million. The acquisition will increase the Partnership’s limited
Saudi Aramco to Acquire Majority Stake in SABIC
Saudi Aramco, Saudi Arabia’s state-controlled Oil & Gas giant has reached a $69.1 billion deal to purchase a majority stake in petrochemicals firm Sabic from the kingdom’s sovereign wealth fund. The deal will see Aramco buy the 70 percent stake
Merck KGaA goes Hostile in Versum Takeover Bid
On Tuesday, Merck KGaA launched a hostile $5.9 billion all-cash takeover bid for Versum Materials to boost its presence on the market for semiconductor materials and sideline the bid of Entegris. Since it was first proposed last month, Versum opposed