Agro-chemicals major UPL Ltd said it will sell 49.98 per cent equity in its non-operational subsidiary firm Agri Net Solutions Ltd (ANSL) to promotor group entity Nerka Chemicals for Rs 17.5 million. UPL, in a regulatory filing, said it will offload the stake for a consideration of Rs 17.5 million and the deal is expected … Read more
Arkema has closed its previously announced acquisition of Ashland’s Performance Adhesives business for around $1.65 billion in an all-cash transaction. The company signed an agreement to acquire Ashland’s business in August last year. Ashland’s Performance Adhesives business supplies a wide range of adhesives for flexible packaging and pressure-sensitive adhesives for various markets, including decorative labels, … Read more
Arkema has announed the planned acquisition of Chinese company PMP (Shanghai Zhiguan Polymer Materials), which specialises in reactive hot-melt polyurethane (HMPUR) adhesives and generates over €1 million in annual sales. These adhesives are mainly dedicated to the consumer electronics market and are used in the bonding of mobile phones, tablets, laptops and connected objects. “Thanks … Read more
Celanese has agreed to acquire the bulk of DuPont’s Mobility and Materials unit for $11 billion, combining two of the world’s leading engineering polymers businesses. Included in the transaction are many materials that are used in demanding applications such as automotive and electronics parts. One key material is DuPont’s nylon 6,6 business, which has been … Read more
India’s Bodal Chemicals is in advance negotiations to buy Chlor-Alkali business of Mawana Sugars as the Delhi-based firm looks to focus on its core sugar business, according to a report by ET. The transaction will value Mawana Sugars’ Alkali business between Rs 2.5-3.5 billion, multiple sources close to the transaction told ET. Mawana Sugars, part … Read more
Anupam Rasayan India Ltd’s board approved the acquisition of 24.96% stake in Tanfac Industries from Birla Group Holdings Private Limited and others for Rs 1.48 billion. “The board of directors has approved the acquisition of 24.96% of the total equity shareholding of and joint control of Tanfac Industries Limited (TIL) from Birla Group Holdings Private … Read more
Perstorp has acquired GEO’s Di-Methylolpropionic Acid (DMPA) business, further emphasizing its commitment as the sustainable specialty solution provider within the resins and coatings segment. This acquisition further accentuates the company’s strategic presence in Polyurethane and Alkyds dispersions – a vital step to becoming a specialty leader in various waterborne coating markets. The acquisition significantly bolsters … Read more
WL Plastics Corporation, a subsidiary of INEOS USA has announced it has completed the acquisition of the polyethylene pipe extrusion assets of Charter Plastics, Inc. located in Titusville, Pennsylvania. This strategic acquisition provides the opportunity for WL Plastics to further diversify its product offerings, expand its customer base, and enter new regional markets. The Titusville … Read more
The Heubach Group and SK Capital Partners announced the completion of the acquisition of Clariant’s Global Colorants Business. The combined business will operate under the Heubach brand, creating a global pigment technology and industry leader. The newly combined Heubach Group is a leading global provider of comprehensive color solutions, supplying a broad portfolio of organic, … Read more
Huntsman Corporation (HUN) Tuesday announced plans to review strategic options for its Textile Effects Division. The Board of Directors has authorized management to conduct a strategic review of the Textile Effects Division, which is headquartered in Singapore, including a possible sale of the division. The review will begin early in the first quarter of 2022. … Read more
Meghmani Organics Limited (MOL) announced that it has completed an acquisition of Kilburn Chemicals Limited (KCL). MOL paid INR 1.32 billion as per the National Company Law Tribunal (NCLT) approved resolution plan dated 16th December 2021. Thus, the Company has diversified its Pigment Division’s product offering with Kilburn Chemicals acquisition, fast-tracking its foray into Titanium … Read more
Cargill has reached an agreement with Croda to acquire the majority of its performance technologies and industrial chemicals business for EUR 0.915 ($1.03 billion) on a cash-free, debt-free basis. The investment would dramatically expand Cargill’s bioindustrial footprint to better serve industrial manufacturers searching for “greener” ingredient solutions. The transaction, which is subject to regulatory approvals, … Read more
Entegris, Inc. and CMC Materials, Inc announced a definitive merger agreement under which Entegris will acquire CMC Materials in a cash and stock transaction with an enterprise value of approximately $6.5 billion. Under the terms of the agreement, CMC Materials shareholders will receive $133.00 in cash and 0.4506 shares of Entegris common stock for each … Read more
GHCL announced that it entered into a business transfer agreement for divestment of its Home Textiles business to lndo Count Industries. The company said it expects to realise a consolidated sum of Rs 5.96 billion from the divestment of its business. As per the deal, the company will transfer its Home Textiles business for a … Read more
Baltimore-based Tilley Company, Inc., a portfolio company of SK Capital Partners, announced a merger with Phoenix Aromas and Essential Oils. Phoenix is a leading global distributor of high-quality flavor and fragrance ingredients and compounds, serving the food and beverage, personal care, pharmaceutical, air care, and fragrance markets. The combination of Tilley and Phoenix creates a … Read more
Altamira MS Holdings, a portfolio company of Edgewater Capital Partners, announced that it is continuing its investment in building a leading engineered components platform and has acquired Precision Fluorocarbon, LLC (PFI). PFI is a manufacturer of highly engineered, mission-critical PTFE components, such as custom diaphragms, bellows, and machined components, utilized primarily in semiconductor and industrial … Read more
Tata Chemicals Ltd. is in discussions with London-based Johnson Matthey Plc to buy the company’s battery materials business, the Mint news reported, citing two people with direct knowledge. Tata Chemicals is one of the frontrunners to acquire the assets, the two people told the Indian news daily. A deal for the battery materials unit could … Read more
Westlake Chemical Corporation announced that it has entered into a definitive agreement with Hexion Inc. to acquire Hexion’s global epoxy business for approximately $1.2 billion. The deal is anticipated to be completed in the first half of 2022 following customary closing conditions. With this transaction, Westlake will significantly expand its integrated business by adding a … Read more
India’s Reliance Industries (RIL) and Saudi Aramco have opted to shelve the $15 billion deal that would see the Saudi oil gaint take a 20% stake in RIL’s oil to chemicals (O2C) business. The pair signed a “non-binding Letter of Intent” in August 2019 for the sale, but RIL released a statement over the weekend … Read more
IMCD N.V., a leading distributor of speciality chemicals and ingredients, announced that IMCD Indonesia has signed an agreement to acquire 100% of the shares of PT Megasetia Agung Kimia in Indonesia. Megasetia is an excellent fit with IMCD’s life science strategy and provides a significant platform for further growth in the life science segments in … Read more