Henkel has signed an agreement on the sale of its business activities in Russia to a consortium of local financial investors. In April 2022, the company announced the decision to exit from Russia. The consortium that acquires the Henkel business activities in Russia includes Augment Investments, Kismet Capital Group, and Elbrus Services. All acquirers have … Read more
Ion Exchange (India) announced on 20 April 2023 that its Board of Directors has approved a proposal to invest in and acquire a Portuguese company named MAPRIL – Produtos Químicos e Maquinas Para a Industria, Lda. The acquisition will be made by purchasing 11,11,500 equity shares, which represents 100% of the issued and paid-up equity … Read more
Barentz International, a leading global life science and performance materials ingredients distributor has, in close collaboration with its joint venture partner, Tovani Benzaquen, expanded its activities in South America. The company proudly announces the acquisition of Metachem Industrial e Comercial Ltda and its associate Chemtra Comercial Importação e Exportação Ltda., considered one of the main … Read more
MAIRE Tecnimont S.p.A., a leading player in the engineering and construction of plants in the energy, infrastructure, and petrochemical sectors, announced the completion of the acquisition of an 83.5% stake in Conser. The acquisition was made through its subsidiary NextChem Holding S.p.A. The technology licensor and process engineering design company based in Rome, Italy, was … Read more
TotalEnergies SA (Paris, France) has accepted an offer from Pacific Avenue Capital Partners for the acquisition of three product lines (Wingtack, PolyBD, and Dymalink) developed by Cray Valley, its resin production and sales affiliate. The transaction includes four production sites in the United States, the Cray Valley Italy affiliate, and the portfolio of customers. The … Read more
Royal DSM, a global science-based company focused on health and nutrition, has announced the completion of the sale of its Engineering Materials business to Advent International and LANXESS for an enterprise value of €3.85 billion. The sale agreement was first announced on May 31, 2022. Divestment of Materials Businesses The transaction covers all of DSM’s … Read more
German specialty chemicals company, Evonik, has signed an agreement to sell its Lülsdorf site and associated cyanuric chloride business in Wesseling, Germany, to Luxembourg-based International Chemical Investors Group (ICIG). The purchase price has not been disclosed. The transfer of ownership is set to take place in mid-2023, pending antitrust clearance and approval from Evonik committees. … Read more
Indigo Paints, one of India’s leading paint companies, has acquired a 51% controlling stake in Apple Chemie India Private Limited (ACIPL), a rapidly growing firm specializing in construction chemicals and waterproofing. The acquisition was a combination of primary capital infusion and secondary share purchase transactions with the promoters, with Indigo Paints having the option to … Read more
INEOS Phenol has announced that it has agreed to acquire the entire asset base of Mitsui Phenols Singapore Ltd from Mitsui Chemicals, a leading Japanese chemicals manufacturer, for a total consideration of $330 million. The business has a turnover of $750 million and produces over 1 million tonnes of product each year, including cumene (410 … Read more
Saudi Aramco, the world’s largest oil producer, has entered into a $3.6 billion deal to purchase a 10% stake in Rongsheng Petrochemical Co, one of China’s oil refining giants. As part of the agreement, Aramco has committed to supply 480,000 barrels of crude oil per day to Rongsheng’s refinery in Zhejiang province over a 20-year … Read more
International private equity firm, Cinven, announced that it has signed an agreement with Sika AG to acquire MBCC Group’s Admixtures business. MBCC Admixtures is a leading global manufacturer of concrete admixtures, as well as other sustainable solutions for the construction industry. The business provides value-added technology and chemistry expertise to improve the performance of construction … Read more
Corrosion Innovations, LLC, a leading global player in the corrosion-prevention industry, announced on March 16, 2023, that it has acquired the ChlorRid™ product line from Milliken & Company, a major player in the coatings additives business. The ChlorRid™ product line includes surface decontamination, passivation products, and salt testing kits for soluble salt detection and removal. … Read more
Univar Solutions Inc. and Apollo announced that funds managed by affiliates of Apollo have entered into a definitive merger agreement to acquire the Company in an all-cash transaction that values the Company at an enterprise value of approximately $8.1 billion. The transaction includes a minority investment from a wholly-owned subsidiary of the Abu Dhabi Investment … Read more
LyondellBasell announced it has successfully started up the world’s largest propylene oxide (PO) and tertiary butyl alcohol (TBA) unit in Texas. These new assets on the U.S. Gulf Coast have an annual capacity of 470 thousand metric tons of PO and one million metric tons of TBA and its derivatives. “The world-leading capacity of the new … Read more
Toyo Ink SC Holdings Co., Ltd., the Japan-based parent company of the specialty chemicals company Toyo Ink Group, announced that, on March 10, 2023, it and its consolidated subsidiary Toyo Ink (Thailand) Co., Ltd. concluded a share purchase agreement to wholly acquire Thai Eurocoat Ltd., the top manufacturer of external coatings for non-printed cans in … Read more
LyondellBasell and Mepol Group announced they have entered into a definitive agreement for LyondellBasell to acquire Mepol Group, a manufacturer of recycled, high-performing technical compounds located in Italy and Poland, consisting of Mepol S.r.l. and its subsidiaries Polar S.r.l. and Industrial Technology Investments Poland Sp.z.o.o. “This acquisition demonstrates LyondellBasell’s commitment to move the circular economy … Read more
Specialty chemical manufacturer Solenis and hygiene solutions provider Diversey Holdings have announced a definitive merger agreement, in which Solenis will acquire Diversey in an all-cash transaction valued at approximately $4.6 billion. Following the merger, Diversey will become a private company. Solenis, headquartered in Wilmington, Delaware, was acquired by Platinum Equity in 2021 and produces specialty … Read more
Aimia Inc. has signed an agreement to acquire Giovanni Bozzetto S.p.A., also known as Bozzetto Group, from Chequers Capital and other minority shareholders. The purchase price is based on an enterprise value of approximately $328 million and is expected to be financed with a combination of cash and debt. The executive management team of Bozzetto … Read more
Synthomer plc, a leading specialty chemical company, has completed the sale of its laminates, films, and coated fabrics businesses to Surteco North America, Inc. The sale, which was approved by Synthomer shareholders in January 2023, has now been finalized, following the satisfaction of the conditions precedent as outlined in the circular to Synthomer shareholders published … Read more
Archroma, a leading sustainable specialty chemicals and solutions provider, recently announced the completion of its acquisition of Huntsman Textile Effects, a business division of Huntsman Corporation. The acquisition, which was first announced in August 2022, adds over 2,300 employees in 33 countries and 10 production sites to Archroma’s global workforce. With this acquisition, Archroma’s global … Read more