INEOS Energy is entering US oil and gas production for the first time with the acquisition of a portion of Chesapeake Energy’s oil and gas assets in the Eagle Ford shale, south Texas for $1.4 billion. The deal marks INEOS Energy’s entry as operator into the US onshore oil and gas market, as it acquires … Read more
Evonik, a global specialty chemicals company, has made a significant investment in Chinese battery specialist SuperC. SuperC is a leading innovator in using graphene materials to improve the range, robustness, charging speed, and service life of lithium-ion batteries, which can help overcome key limitations in electric vehicles and accelerate the transition to eco-friendly mobility. According … Read more
Huntsman Corporation announced that it has secured all regulatory approvals required to complete the sale of its Textile Effects division to Archroma, a portfolio company of SK Capital Partners. Both parties expect the transaction to close on February 28, 2023. The agreed purchase price was $593 million in cash plus assumed pension liabilities, and Huntsman … Read more
Solenis, a leading global producer of specialty chemicals, completed the acquisition of the stock of the Grand Invest Group on February 6, 2023. As part of the acquisition, Solenis will acquire all Grand Invest Group operating assets, including key strategic production and warehousing facilities. Headquartered in Lima, Peru, the Grand Invest Group serves a range … Read more
Sumitomo Chemical has decided to acquire FBSciences Holdings, Inc., a U.S. company engaged in the business of biostimulants, a group of naturally-derived agricultural materials and a class of biorationals*. The acquisition is due to be completed subject to the prescribed procedures. Biorationals, which have a global market valued today at about $10 billion, about one-tenth … Read more
On 3 January 2023, Arkema finalized the divestment of Febex, a company specialized in phosphorus-based chemistry, to Belgian group Prayon. Febex is a global player in phosphorus derivatives (high purity phosphoric acid, sodium hypophosphite and derivatives), used primarily in electronics and in the pharmaceuticals industry. Part of the Performance Additives Business Line and with little … Read more
JK Paints and Coatings (wholly owned subsidiary of JK Cement) has entered into a share purchase agreement with Acro Paints and its shareholders to acquire 60% controlling stake in the company. Acro Paints is a leading manufacturer in Northern India, of Architectural and High-performance paints and coatings. This acquisition is a step towards fast-tracking JK … Read more
Amcor announced it completed the sale of its three factories in Russia to HS Investments, a Russian-based investor, after receiving all necessary regulatory approvals and cash proceeds, including receipt of closing cash balances. The cash and debt free consideration value is €370 million. This follows Amcor’s previously announced decision to pursue the orderly sale of … Read more
Versalis S.p.A., Eni’s chemical company, has acquired the technology to produce enzymes for second-generation ethanol from Royal DSM N.V. The agreement has a strategic value for Versalis as it integrates with proprietary Proesa technology, applied at the Crescentino plant for the production of sustainable bioethanol and chemical products from lignocellulosic biomass, improving the competitiveness of … Read more
UPL Ltd., announces the completion of investment of Rs 24.74 billion ($300 Mn) by KKR for 13.33% stake in Advanta Enterprises. This is a part of the larger corporate realignment exercise announced in October 2022 to create four distinct business platforms – Global Crop Protection (ex-India), India Agtech, Global Seeds and Manufacturing & Specialty Chemicals … Read more
Nouryon announced the acquisition of an asset on Jurong Island, Singapore, to expand its alkoxylation footprint in Southeast Asia. The acquired plant will enhance Nouryon’s ability to serve growing regional customer demand in key end-markets including Agriculture and Food, Home and Personal Care, Natural Resources and Paints and Coatings. “This acquisition of a specialty surfactant … Read more
Manali Petrochemicals (MPL), a part of Singapore’s AM International, has acquired UK-based Penn Globe for £21 million. Penn Globe is a market leader in foam control agents and chemical products like lubricants, surface coatings, release agents and silicone emulsions. The boards of the two companies unanimously approved the acquisition. “The addition of Penn Globe is … Read more
IMCD N.V., a leading distributor of speciality chemicals and ingredients, announced that it has signed an agreement to acquire 100% of the shares of Parkash DyeChem Private Limited, one of India’s leading distributors of speciality chemicals for construction and printing inks. Established in 1988 and headquartered in Delhi, India, Parkash DyeChem is an asset light … Read more
Clariant and Dorf Ketal announced a definitive agreement for Dorf Ketal to acquire Clariant’s North American (NORAM) Land Oil business, a provider of chemical technologies and services to the North American oil and gas industry. The transaction announced today is subject to regulatory and other customary closing conditions and is expected to be finalized during … Read more
GAIL (India) Ltd said it has won the bid to acquire the stressed asset of debt-ridden JBF Petrochemicals Ltd through its resolution process under India’s Insolvency and Bankruptcy Code (IBC). “The Resolution Professional in the matter of CIRP has informed that GAIL (India) Limited has been declared a Successful Resolution Applicant and GAIL’s Resolution Plan … Read more
India’s Reliance Industries Ltd (RIL) is acquiring two local companies for a total consideration of Rs 15.92 billion ($200 million) to expand its polyester business. According to a stock exchange filing on September 9, Reliance’s wholly owned subsidiary Reliance Petroleum Retail Ltd will acquire polyester chip and yarn manufacturers Shubhalakshmi Polyesters (SPL) for Rs 15.2 … Read more
Calibre Chemicals (Calibre), a specialty chemicals company, has entered into a definitive agreement to acquire 100% shareholding of RheinPerChemie GmbH (RPC), from Evonik, a globally leading specialty chemical company. RPC, located in Rheinfelden Germany, is a prominent manufacturer of ammonium and sodium persulphates in Europe. Calibre is one of the largest manufacturer of potassium persulphate, … Read more
INEOS Styrolution, the global leader in styrenics, announced that it has entered into an agreement for the sale of its entire shareholding interest in INEOS Styrolution India to Shiva Performance Materials. Shiva Performance Materials Private Limited is part of the Shiva Group, which has businesses in specialty chemicals for pharmaceuticals, agrochemicals and other intermediates. Upon … Read more
Meghmani Finechem Limited (MFL) announced its successful commissioning of Chlorinated Polyvinyl Chloride Resin (CPVC Resin) Plant at Dahej in Gujarat. The newly-commissioned facility with a production capacity of 30,000 tonnes per annum (TPA) is the largest of its kind in India. Despite a challenging external environment, the plant has been commissioned on time and without … Read more
Azelis announces that it has reached an agreement to acquire a majority stake in Ashapura Aromas Private Limited (Ashapura), a leading distributor of ingredients in the flavors & fragrances (F&F) market in India. This acquisition provides Azelis with a strong F&F platform in Asia Pacific, creating a global F&F network, following its 2021 acquisitions of … Read more