Sumitomo Chemical Invests in Conagen, Completes Acquisition of Subsidiaries of Nufarm

Sumitomo Chemical announced on 2nd April that it invested $30 million in Conagen, a U.S. biotechnology company. The company has conducted joint research with Conagen since 2018 on the biosynthesis of existing chemicals. The fresh investment will further promote its strategic business alliance with Conagen and develop innovative high functional products and processes by way … Read more Sumitomo Chemical Invests in Conagen, Completes Acquisition of Subsidiaries of Nufarm

Air Products to Acquire Five Hydrogen Plants from PBF Energy

Air Products (NYSE: APD) has reached an agreement with PBF Energy Inc. (NYSE: PBF) that include the acquisition of $530 million of five hydrogen steam methane reformers (SMR) hydrogen production plants and the long-term supply of hydrogen to PBF refiners from those already operating plants. Located in Torrance and Martinez, California and Delaware City, the … Read more Air Products to Acquire Five Hydrogen Plants from PBF Energy

Huntsman to Acquire CVC Thermoset Specialties for $300 Million

Huntsman has signed a $300 million deal to buy CVC Thermoset Specialties, a specialty chemical manufacturer that supplies chemicals for the industrial composites, adhesives and coatings markets. The $300 million purchase price is subject to customary closing conditions. It is an all-cash transaction, funded from available liquidity by Huntsman. Depending on the full year of … Read more Huntsman to Acquire CVC Thermoset Specialties for $300 Million

Kraton Completes Sale of Cariflex Business to Daelim

Kraton Corporation announced that it has completed the sale of its Cariflex business to Daelim Industrial Co, Ltd. for $530.0 million in cash. “We believe Daelim is well-positioned to invest in and grow the Cariflex franchise as it continues to expand its global business,” said Kevin M. Fogarty, Kraton’s President and Chief Executive Officer.  “As … Read more Kraton Completes Sale of Cariflex Business to Daelim

Firmenich to Acquire Ingredients Supplier DRT from PE Firm

Firmenich SA, a French flavors & fragrances company announced that it has entered into exclusivity with private equity firm Ardian, Tikehau Capital and family shareholders to acquire ingredients supplier Les Dérivés Résiniques et Terpéniques (“DRT”). DRT is a world leader in plant-based chemistry, mainly from pine trees, and is one of the leading suppliers globally … Read more Firmenich to Acquire Ingredients Supplier DRT from PE Firm

OMV in Talks with Mubadala over Borealis Stake

Austria’s OMV is in talks with Abu Dhabi’s Mubadala Investment Company to acquire a controlling stake worth $4.68 billion in Borealis. The deal— which would increase OMV’s current shareholding in Borealis from 36% to 75%— is said to be potentially record-breaking and would shift OMV’s focus to petrochemicals. “The potential transaction would expand the value … Read more OMV in Talks with Mubadala over Borealis Stake

SABIC Increases Its Stake in Clariant to 31.5%

SABIC (Saudi Basic Industries Corporation) said on Tuesday that it had raised its stake in specialty chemicals maker Clariant. The state-owned company now owns 31.5% in Clariant, up from 24.99% previously, it said in a filing. The increase in stake holding was just short of the one-third ownership that would trigger a mandatory offer for … Read more SABIC Increases Its Stake in Clariant to 31.5%

Reliance Acquires Stake in Alok Industries

Reliance Industries announced on 29th Feb that it has acquired a controlling stake in textile manufacturer Alok Industries Ltd for Rs 250 crore ($34.3 million). Alongside JM Financial Asset Rehabilitation Co Ltd, Reliance had a bid to buy Alok Industries which had been auctioned by lenders under the insolvency and bankruptcy law to recover their … Read more Reliance Acquires Stake in Alok Industries

Pidilite Industries Acquires Majority Stake in Tenax’s Indian Subsidiary

Pidilite Industries, an Indian manufacturer of adhesives, construction chemicals and specialty chemicals on Thursday announced acquiring majority stake in the Indian subsidiary of Italian firm Tenax SPA. Pidilite has entered into a definitive agreement with Tenax SPA for acquiring 70 per cent of the share capital of Tenax India Stone Products for cash consideration of … Read more Pidilite Industries Acquires Majority Stake in Tenax’s Indian Subsidiary

Versalis Acquires 40% of Finproject to Create an Integrated Supply Chain of Special Polymers

Versalis, Eni’s chemical company, has acquired 40% of Finproject, the Italian leader in the compounding sector and the production of ultralight products, from the VEI Capital fund. The move was intended with the aim of creating value by integrating the respective production chains. This strategic operation will create a new industrial platform that leverages the … Read more Versalis Acquires 40% of Finproject to Create an Integrated Supply Chain of Special Polymers

Givaudan Completes Acquisition of Ungerer

Givaudan, the global leader in fragrances and flavours, announced the completion of the acquisition of Ungerer & Company, the US based Flavour, Fragrance and Specialty Ingredients company. Givaudan had announced that it had reached an agreement to acquire the company in November 2019. Gilles Andrier, Givaudan’s CEO said, “Acquiring Ungerer fits very well with our … Read more Givaudan Completes Acquisition of Ungerer

Ascend to Acquire Italian Compounding, Masterbatch Firms

Ascend Performance Materials, an integrated polyamide (PA) 66 supplier, has signed an agreement to purchase Poliblend and Esseti Plast GD from D’Ottavio Group. The acquisition includes a manufacturing facility in Mozzate, Italy, the masterbatch portfolio of Esseti Plast GD and the engineering plastics portfolio of Poliblend, which consists of virgin and recycled grades of PA … Read more Ascend to Acquire Italian Compounding, Masterbatch Firms

Iberchem Completes Acquisition of Flavor Manufacturers in Malaysia and China

Iberchem Group announced that it has completed the acquisition of Flavor Inn Corporation and Duomei, two flavour companies located in Malaysia and China respectively. The terms of the transaction were not disclosed. These transactions come as the latest effort in the Group’s merger and acquisition strategy initiated last year with the purchase of South Africa’s … Read more Iberchem Completes Acquisition of Flavor Manufacturers in Malaysia and China

PPG to Acquire Alpha Coating Technologies

PPG announced that it has reached a definitive agreement to acquire Alpha Coating Technologies, LLC, a manufacturer of powder coatings for light industrial applications and heat sensitive substrates. The transaction is expected to close in the first quarter of 2020, subject to customary closing conditions. Financial terms were not disclosed. “Alpha’s best-in-class service, technology and … Read more PPG to Acquire Alpha Coating Technologies

Chroma Color Acquires Plastics Color Corporation

Chroma Color Corporation announced the acquisition of Plastics Color Corporation (PCC), including its two facilities in Asheboro, North Carolina and Calumet City, Illinois. Terms of the transaction were not disclosed. PCC deals in color concentrates, functional additives and custom polymer masterbatch. The company has multiple certifications and accreditations that meet government standards and regulations, including … Read more Chroma Color Acquires Plastics Color Corporation

Advansa GmbH to be Acquired by Asia Pacific Fibers

Advansa GmbH, manufacturer of polyester fibers announced on January 29 that PT Asia Pacific Fibers will acquire all the assets of Advansa GmbH as well as the other relevant companies of the Advansa Group. Advansa Marketing GmbH, Hamm, as well as Bergers Technik und Maschinenbau GmbH, Hamm, among others will be included under the deal. … Read more Advansa GmbH to be Acquired by Asia Pacific Fibers

Evonik Industries Closes Acquisition of PeroxyChem

Evonik has successfully closed the acquisition of the US company PeroxyChem for US$640 million after the responsible court in Washington D.C. dismissed the lawsuit filed by the Federal Trade Commission (FTC) to block the acquisition. Christian Kullmann, chairman of Evonik’s executive board said, “In its judgment, the court confirmed our view of the H2O2 and … Read more Evonik Industries Closes Acquisition of PeroxyChem

DOMO Completes Acquisition of Solvay’s Nylon Business in Europe

DOMO Chemicals, a leading producer of engineering materials announced that the company has completed its acquisition of Solvay’s Performance Polyamides Business in Europe. The acquired business includes Engineering Plastics operations in France and Poland; High Performance Fibers in France; Polymer and Intermediates operations in France, Spain and Poland. The agreement also involves a joint venture … Read more DOMO Completes Acquisition of Solvay’s Nylon Business in Europe

Celanese to Acquire Nouryon’s Redispersible Polymer Powders Business

Celanese Corporation, a global chemical and specialty materials company, and Nouryon today announced they have signed an agreement for Celanese to acquire Nouryon’s redispersible polymer powders business offered under the Elotex brand (Elotex business). As part of the acquisition, Celanese will acquire all of Nouryon’s global production facilities for redispersible polymer powders across Europe and … Read more Celanese to Acquire Nouryon’s Redispersible Polymer Powders Business

Air Liquide in Exclusive Talks with Messer to Sell its Entities in Czech Republic and Slovakia

Air Liquide announced on Tuesday that it has entered into exclusive negotiations, with Messer, regarding the divestment of its entities in Czech Republic and Slovakia. Air Liquide started operating in Slovakia in 2000 and Czech Republic in 2001. Today, both locations total 53 employees, with office locations in Prague and Trnava. This decision illustrates Air … Read more Air Liquide in Exclusive Talks with Messer to Sell its Entities in Czech Republic and Slovakia