AkzoNobel has announced its intention to acquire French aerospace coatings manufacturer Mapaero. The intended acquisition will strengthen AkzoNobel’s global position in aerospace coatings, notably in the structural and cabin coating sub-segments, and contribute directly towards delivering the company’s 2020 guidance.
BASF India to Divest Stilbene-based Optical Brightening Agents Business to Archroma
BASF India Limited has entered into an agreement to divest its stilbene-based Optical Brightening Agents (OBA) business for paper and powder detergent applications to Archroma India Private Limited for about Rs 33.50 crore ($4.9 million). The transaction includes stilbene-based OBA
Synthomer to Acquire Omnova in $824 Million Deal
Synthomer Plc said on Wednesday it has agreed to buy Omnova Solutions Inc for an enterprise value of $824 million in a bid to strengthen its global position. London-based Synthomer is offering Beachwood, Ohio-headquartered Omnova $10.15 for each share, a
Arkema Completes Acquisition of US Specialty Surfactants Manufaturer
Arkema completed the acquisition of ArrMaz, a global leader in specialty surfactants for crop nutrition, mining and infrastructure markets. The acquisition of this profitable, resilient and low capital intensive business, which has an accretive impact from the first year, is
Chevron Phillips Chemical Bidding $15 B for Nova Chemicals
Chevron Phillips Chemical Co has offered to acquire Nova Chemicals Corp. for more than $15 billion, Reuters reported based on information from people familiar with the matter. Nova Chemicals is owned by Mubadala Investment Co., located in Abu Dhabi in
Unifrax Acquires Stellar Materials
Unifrax, the leading global provider of high-performance specialty materials backed by Clearlake Capital Group, L.P., announced it has acquired Stellar Materials, LLC, a manufacturer of highly proprietary, mission-critical and innovative specialty chemistries and materials. Financial terms of the transaction were
Danhua Chemical Technology to Acquire Jiangsu Silbang Petrochemical
Danhua Chemical Technology Co., Ltd. is planning to purchase 100% equity of Jiangsu Silbang Petrochemical Co., Ltd. by way of issuance of shares. The transaction is valued around 11 billion yuan ($1.59 billion). The transaction is part of the company’s
Northleaf Acquires Stake in Odfjell Holdings (US) Inc.
Northleaf Capital Partners (Northleaf) announced that funds managed by Northleaf have acquired a 49% equity interest in Odfjell Holdings (US) Inc. (OHUS), a portfolio of bulk liquid storage terminals in the United States. The remaining 51% interest continues to be
Lion Elastomers Acquires Firestone Polymers Production Site
Lion Elastomers, LLC announced on Monday the execution of a purchase agreement for an Orange, Texas production site owned and operated by Firestone Polymers, LLC, a wholly owned subsidiary of Bridgestone Corporation. The plant manufactures polybutadiene and styrene-butadiene copolymers, produced
Polyscope Polymers Acquires Global SMA Business from Total
Polyscope Polymers B.V. has completed the business integration of the global styrene maleic anhydride (SMA®) copolymers business from Cray Valley S.A., Cray Valley HSC Asia Ltd, Cray Valley (Guangzhou) Chemical Co. Ltd. and Total Petrochemicals & Refining USA, Inc. Cray
Nippon Shokubai and Sanyo Chemical to Merge Businesses
Nippon Shokubai and Sanyo Chemical Industries announced on Wednesday that the two companies had reached a Basic Agreement to move ahead with the consideration toward the integration of their businesses based on an equal footing. They will establish a holding
Showa Denko to Acquire ILAG Group, Global Non-stick Coatings Manufacturer
Showa Denko has decided to acquire all shares in ILAG Industrielack AG, which leads the ILAG Group (ILAG), a specialty non-stick coating chemicals manufacturing company headquartered in Wangen, Switzerland, and signed a stock purchase and sale agreement with the current
Sika Completes Acquisition of Parex
Sika has completed the acquisition of Parex on May 23, 2019. The deal was announced on January 8, 2019. With the acquisition, Sika expects to expand its product portfolio for the building finishing market, further strengthening its world leader position
Arkema to Acquire ArrMaz, US-based Leader in Specialty Surfactants
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