Bondalti, a leading chemical company, has announced the initiation of a public takeover bid, facilitated through its Barcelona-based entity, Bondalti IBERICA, targeting the acquisition of 100% of Ercros’ shares. The offer, formally presented to the Spanish National Securities Market Commission (CNMV), will be executed entirely in cash, offering a price of 3.6 euros per Ercros … Read more
Portuguese industrial conglomerate Bondalti has initiated a bold move in the chemical industry, announcing a takeover bid valued at 329 million euros ($357 million) for the entire shareholding of Ercros, a Barcelona-based chemical company. The offer, exclusively in cash, stands at 3.6 euros per share of Ercros, marking a substantial premium of 40.6% over the … Read more
Orica, an Australian chemicals company, has agreed to fully acquire Cyanco Intermediate (Cyanco) from an affiliate of Cerberus Capital Management for a total of $640m. Cyano is a US-based manufacturer and distributor of sodium cyanide, primarily serves the gold mining industries in the US, Canada, Mexico, Latin America, and Africa. The company operates production facilities … Read more
BASF initiated the process to divest its shares in the two joint venture companies BASF Markor Chemical Manufacturing (Xinjiang) Co., Ltd. and Markor Meiou Chemical (Xinjiang) Co., Ltd. in Korla, China in the fourth quarter of 2023. As part of its global strategy for 1,4-butanediol (BDO), BASF assessed the market environment and product carbon … Read more
Kemira has completed the divestment of its Oil & Gas related portfolio to Sterling Specialty Chemicals LLC, a US subsidiary of Artek Group, a global industrial chemicals group based in India. The divestment was announced on December 4, 2023. The transaction enables Kemira to focus on its core businesses and accelerate its profitable growth strategy … Read more
PPG (NYSE: PPG), a global leader in paints, coatings, and specialty materials, announced that it has engaged Morgan Stanley & Co. LLC as financial advisor to assist in a review of strategic alternatives for its silica products business. PPG’s silica products business, which operates within the company’s specialty coatings and materials strategic business unit, manufactures … Read more
USALCO, LLC, a leading provider of water treatment solutions for municipal and commercial customers, announced that it has acquired the coagulant manufacturing business of Brenntag Southwest, Inc. Brenntag’s coagulants business is based in Houston, TX, and serves a diverse group of municipal and commercial water treatment customers in Texas, a key growth region for USALCO. … Read more
Aramco and Rongsheng Petrochemical (Rongsheng) planned to buy stake in each other’s units, according to a memorandum of understanding (MOU) the two sides signed. The MOU is another milestone following the agreement the two parties reached in March last year, marking an important step forward in fostering cross-border investment. Under the MOU, Aramco and Rongsheng … Read more
In a strategic move to enhance its business portfolio and reinforce its commitment to sustainable growth, Mitsubishi Chemical Group Corporation has recently announced the decision to transfer shares of its subsidiary, PT Mitsubishi Chemical Indonesia (MCCI). The shares will be transferred to PT Lintas Citra Pratama, a company with plans to commercialize paraxylene, a key … Read more
Brenntag, the global market leader in chemicals and ingredients distribution, announced the agreement to acquire Solventis Group, a glycols and solvents distribution company operating from Antwerp, Belgium, and from the UK. Ewout van Jarwaarde, Chief Executive Officer Brenntag Essentials, commented: “Brenntag Essentials combines a cost-efficient network of last mile service operations with regional sourcing and … Read more
OCI Global, a leading global producer and distributor of hydrogen products announced that it has reached an agreement for the sale of 100% of its indirect interest in its large-scale US greenfield nitrogen fertilizer facility Iowa Fertilizer Company LLC, located in Wever, Iowa, USA to Koch Ag & Energy Solutions for a total consideration of … Read more
Abu Dhabi National Oil Company P.J.S.C. (ADNOC) and OCI Global, announced that they have entered into a sale and purchase agreement for the acquisition by ADNOC of OCI’s entire majority shareholding in Fertiglobe plc. Fertiglobe is listed on the Abu Dhabi Securities Exchange and is the world’s largest seaborne exporter of urea and ammonia … Read more
INEOS has announced an agreement with LyondellBasell to buy its Ethylene Oxide (EO) and Derivatives business including the Bayport Underwood site, Texas. The deal includes the 420 kt Ethylene Oxide plant, the 375 kt Ethylene Glycols plant and the 165kt Glycol Ethers plant together with all associated third-party business on the site, for $700 million. … Read more
NewMarket Corporation announced its entry into a definitive purchase agreement to acquire AMPAC Intermediate Holdings, LLC, the ultimate parent company of American Pacific Corporation (AMPAC), for approximately $700 million. Based in Cedar City, Utah, AMPAC is the leading North American manufacturer of critical performance additives used in solid rocket motors for space launch and military … Read more
Paladin Holdings LLC, a portfolio company of Makai Capital Partners, has acquired Texize, Inc. of Greenville, SC. Texize is a leading regional manufacturer of industrial and commercial soaps, detergents, and other associated cleaning products. “We are very pleased to welcome Texize to the Paladin Holdings portfolio,” said Andrew Fulford, Managing Partner of Makai Capital Partners. “Texize has … Read more
Abu Dhabi National Oil Company (ADNOC) is reportedly contemplating the acquisition of European energy firm Wintershall Dea, signaling a strategic move to bolster its international presence, as reported by Bloomberg, citing informed sources. Wintershall Dea, valued at potentially over €10 billion ($11 billion), has garnered interest from various entities, including UK-listed Harbour Energy. German chemical … Read more
INVL Baltic Sea Growth Fund, the leading private equity fund in the Baltic States, together with its portfolio company Eco Baltia, the largest environmental resource management and recycling group in the Baltics, has closed an agreement for the acquisition of 70% of the shares in Metal-Plast. Metal-Plast is the largest recycler of PVC window and door … Read more
Brenntag, the global market leader in chemicals and ingredients distribution, today announced the acquisition of OWI Chlor Alkali (Old World Specialty Chemicals, LLC, and Old World Logistics, LLC) from Old World Industries, LLC in Northbrook, Illinois. The business units will be integrated into Brenntag Essentials’ existing network in North America, significantly expanding Brenntag Essentials’ local … Read more
On June 30, 2023 Borealis announced that it had signed an agreement to acquire Rialti S.p.A., a polypropylene (PP) compounder of recyclates based in the Varese area of Italy, subject to regulatory approvals. Today, the parties announce the successful closing of the transaction. Rialti is one of the European market leaders specialized in production of … Read more
Hextar Global Bhd has announced its acquisition of the entire equity interest in Propel Chemicals Sdn Bhd (PCSB) for a cash sum of RM16.5 million, marking a strategic move to further enhance its presence in the oil and gas (O&G) specialty chemicals sector. In a filing with Bursa Malaysia, the agrochemical company revealed that its … Read more