French specialty materials company Arkema has announced its plan to acquire PIAM, a South Korean-based global leader in polyimide films and graphite sheets. With over 30% global market share, PIAM specializes in providing cutting-edge materials for high-growth markets such as mobile devices and electric vehicles. The acquisition, subject to regulatory approval, will allow Arkema to … Read more
Mitsui & Co., Ltd. has decided, and agreed with Celanese Corporation, a leading American chemical company, to acquire a 70% stake in its wholly owned subsidiary Nutrinova Netherlands B.V., which manufactures and sells functional food ingredients and concluded related agreements. The purchase price for the shares is $472.5 million. Following the acquisition, Nutrinova will become … Read more
Abu Dhabi National Oil Co. (ADNOC) has reportedly made a significant offer exceeding €10 billion ($10.9 billion) to acquire Covestro AG, a leading chemicals giant. The news of the potential takeover caused Covestro’s stock to surge, with shares jumping by double digits. ADNOC, traditionally an oil and gas producer, aims to diversify its portfolio and … Read more
Brenntag, the global market leader in chemicals and ingredients distribution, announced the acquisition of Shanghai Saifu Chemical Development Co., Ltd., one of the most respected market leaders in specialty distribution with expertise in Personal Care Chemicals in China. The acquisition of Saifu in China fits Brenntag’s acquisition strategy as a leading consolidator in the industry … Read more
Saudi-based Methanol Chemicals Co., known as Chemanol, has unveiled its strategic plan to diversify its product portfolio by acquiring controlling stakes in two chemical firms. In a recent disclosure to the Saudi Stock Exchange (Tadawul), Chemanol announced the signing of a binding offer to acquire 80 percent of Global Co. for Chemical Industries Ltd. Additionally, … Read more
Bain Capital Private Equity, a leading global private investment firm, announced the acquisition of Porus Labs, a leading manufacturer of agricultural and specialty chemicals. Bain Capital’s resources and industry experience will enable Porus Labs to unlock significant growth through investments in talent, business development, capacity expansion, process engineering, and developing or acquiring distinctive chemical capabilities. … Read more
In a recent development in the Brazilian chemical industry, Unipar Carbocloro, a major player in the chlor-alkali and PVC manufacturing sector, has put forward a non-binding proposal to acquire control of Braskem, the leading producer of polyolefins in Brazil. This move holds significant implications for both companies, as well as for the overall market dynamics … Read more
Elkem ASA has acquired VUM, a Slovak producer of carbon materials. The transaction will further increase Elkem’s capacity and competence in attractive specialty markets and increase its flexibility in the supply chain. Elkem expects the acquisition to contribute to an additional turnover of around NOK 360 million per year. VUM was founded in 1954 and … Read more
Sumitomo has completed the acquisition of Saconix LLC. from a U.S. private equity fund to make Saconix a wholly-owned subsidiary of the Sumitomo Corporation Group. Saconix is engaged in the distribution and transportation service of sulfuric acid in the US West and Gulf. Sulfuric acid is one of the world’s most used chemicals in a … Read more
Element Solutions Inc, a global specialty chemicals company, has made two significant moves to strengthen its position in the advanced electronics materials markets. These transactions are expected to generate approximately $15 million of annualized adjusted EBITDA and hold great growth potential as the electronics industry improves and new technologies gain customer approvals. Firstly, Element Solutions … Read more
The Chemours Company has entered into a definitive agreement to sell its Glycolic Acid business for $137 million in cash to PureTech Scientific Inc., a company founded and backed by Iron Path Capital. With this acquisition, PureTech Scientific is positioning itself to become the global leader in organic synthesis of ultra-high purity alpha hydroxy acids … Read more
Azelis, a leading innovation service provider in the specialty chemicals and food ingredients industry, announces that it has signed an agreement to acquire 100% of the shares of Sirius International, a well-established distributor of specialty chemicals in the Benelux market. This acquisition complements Azelis’ lateral value chain in-home care and industrial cleaning with an attractive … Read more
IMCD N.V., a leading distributor, formulator, and solutions provider of speciality chemicals and ingredients, announced that IMCD has signed an agreement to acquire 100% of the shares of the speciality distribution company, Euro Chemo-Pharma Sdn Bhd and its wholly owned subsidiary, Biofresh Green Sdn Bhd. Euro Chemo-Pharma was founded in Malaysia in 1975, offering a … Read more
Royal Vopak, a leading global provider of storage and handling solutions for liquid chemicals, gases, and oil products, has announced a binding agreement to sell its terminal in Savannah, USA to BWC Terminals, a US-based bulk liquids storage company. This divestment aligns with Vopak’s strategic goals to enhance its financial performance, expand its presence in … Read more
Braskem, the Brazilian petrochemical company, has received a joint non-binding offer from Apollo Global Management and Abu Dhabi National Oil Company (ADNOC). However, the terms of the offer have divided opinion in the market, with creditor banks not unanimous on the figures, and doubts remain as to whether Petrobras will agree to sell its stake … Read more
Allkem and Livent, two lithium companies, are set to merge and form the world’s third-largest miner of lithium, a key metal used in batteries that power electric vehicles and high-tech devices. This all-share merger creates a new company with a valuation of US$10.6 billion and a projected production capacity of 248,000 tonnes of lithium carbonate … Read more
DSM and Firmenich have completed their merger, resulting in the creation of DSM-Firmenich, a new company that combines the strengths of both firms. The merger will allow the company to offer a more extensive range of products and services to its customers in four distinct business units. Business Units of DSM-Firmenich The four business units … Read more
Canlak Coatings Inc., a portfolio company of SK Capital Partners and leading formulator and manufacturer of high-quality wood coating systems announced the acquisition of Ceram-Traz Corporation d.b.a Ceramic Industrial Coatings. Ceramic Industrial Coatings is a manufacturer of proprietary wood coating systems and related CASE (coatings, adhesives, sealants, and elastomers) products. The acquisition of Ceramic Industrial … Read more
Kemira Oyj announced the closing of the divestment of most of its colorants business to ChromaScape. Kemira signed a definitive agreement to sell its colorants dye business to US-based ChromaScape, LLC in September 2022. The revenue of the business in 2022 was approximately 50 MEUR and 59 employees will be transferred to ChromaScape as part … Read more
DuPont, a leading global innovation and technology-based company, has announced the acquisition of Spectrum Plastics Group from AEA Investors. The acquisition is expected to be completed by the end of the third quarter of 2023, subject to regulatory approvals and customary closing conditions. The purchase price of $1.75 billion will be paid from existing cash … Read more