Sika has signed a definitive agreement to acquire MBCC Group, the former BASF Construction Chemicals, from an affiliate of Lone Star Funds, a global private equity firm, for a consideration of around EUR 5.2 billion ($6 billion). MBCC Group is a leading supplier in construction chemicals worldwide. Headquartered in Mannheim, Germany, the group has 7,500 … Read more
Trinseo has begun work to explore the divestiture of its styrenics businesses and plans to launch a formal sales process in the first quarter of 2022. The scope of this potential divestiture is expected to include the Feedstocks and Polystyrene reporting segments as well as the Company’s 50% ownership of Americas Styrenics. The company had … Read more
DuPont on November 2nd said it has signed a definitive agreement to acquire electronics materials specialist Rogers Corporation for $5.2 billion. With this acquisition, Dupont said it will expand its leading position in high growth markets such as electric vehicles, advanced driver assistance systems (ADAS), 5G telecommunications and clean energy. The acquisition is expected to … Read more
Eastman Chemical Company announced it and certain of its subsidiaries have entered into a definitive agreement to sell its adhesives resins assets and business to Synthomer plc for total cash consideration of $1 billion dollars. The sale consists of hydrocarbon resins (including Eastman Impera tire resins), pure monomer resins, polyolefin polymers, rosins and dispersions, and … Read more
Ecolab Inc. has entered into an agreement to acquire Purolite, a provider of high-end ion exchange resins for the separation and purification of solutions, which is critical to safe, high quality drug production and biopharma product purification in the life sciences industries. It also provides purification and separation solutions for critical industrial markets like microelectronics, … Read more
French industrial gas manufacturer, Air Liquide increased its total stake in H2V Normandy to 100%, of which it previously held 40%. Renamed Air Liquide Normand’Hy, this company aims to build a large-scale electrolyzer of at least 200 MW for the production of renewable hydrogen in France. This strategic investment will support the development of a … Read more
Verdant Specialty Solutions, a global specialty chemical company, announced the acquisition of Baze Chemical. Baze is an ethoxylate specialty chemical company based in Odessa, Texas, serving customers in the oil and gas production, water treatment, and mining industries. Baze was acquired from its founder, Mr. Curtis Baze. Terms of the acquisition were not disclosed. Through … Read more
Epsilyte Holdings LLC, a leading provider of advanced materials has acquired StyroChem Canada, Ltd., a leading North American producer of expandable polystyrene (EPS) located in Baie d’Urfe, Quebec, from PMC Capital Partners, LLC. Details of the transaction were not announced. Epsilyte is owned by Balmoral Funds and management. This acquisition creates one of the largest … Read more
Laxmi Organic Industries has completed the acquisition of 100% equity share capital of Acetyls Holding in accordance with terms of the Share Purchase Agreement dated 09 December 2020 and Prospectus dated 18 March 2021. With this acquisition, Acetyls Holding and its subsidiary Company namely Yellowstone Chemicals have become subsidiaries of the Company w.e.f. 01 October … Read more
Apollo Global Management, Inc. announced that funds managed by its affiliates have entered into a definitive agreement to acquire the Thermal and Emission Control Materials (MAFTEC) from Mitsubishi Chemical Corporation. MAFTEC is a global leader in thermal and emission control protection materials, primarily for the indus-trial and automotive industry as OEMs adopt their chemical fiber … Read more
IMCD N.V., a leading distributor of speciality chemicals and ingredients, today announced that IMCD China has signed an agreement to acquire Aquatech Speciality International Trading Co., Ltd. and Aquatech Speciality Trading Co., Ltd. in China. Since its establishment in 2004, Aquatech has been active in waterborne solutions in coatings, ink, and textile industries. Aquatech generated … Read more
DL Chemical Co., South Korea’s leading petrochemical company, has acquired Texas-based specialty chemical manufacturer Kraton Corp. for $2.5 billion, taking a step closer to its goal of becoming one of the world’s top 20 chemicals companies. DL Chemical, formerly known as Daelim Industrial Co., has signed a definitive agreement to buy 100% of the US-listed company … Read more
DSM, a Dutch chemical company says it may sell its materials business to focus on supplying high-value nutrition and biotech products. The materials business posted sales in 2020 of $1.9 billion—close to 20% of DSM’s total sales—from products that include specialty nylons, biomaterials, and Dyneema super-strong ultra-high molecular weight polyethylene fiber. DSM says it doesn’t … Read more
The Board of directors of Indokem Limited has considered and approved a Revised Scheme of Amalgamation under Section 230 to 232 and other applicable provisions of India’s Companies Act, 2013 and the rules framed thereunder. The Scheme provides for Amalgamation of Refnol Resins and Chemicals Limited with Indokem and their respective Shareholders. The Scheme is … Read more
Apollo Global Management and Alain de Krassny announced that they have entered into exclusive negotiations for the sale of the Kem One Group to funds managed by affiliates of Apollo. These discussions are taking place through De Krassny GmbH and the Apollo Funds. This proposed sale, for which the two parties signed a put option … Read more
DCM Shriram receives the board of directors’ approval for acquiring 1,732,500 equity shares of Shriram Axiall (SAPL) from Axiall LLC, which is an entire 50% of the paid-up share capital held by Axiall LLC in the joint venture. Shriram Axiall (SAPL) is a 50:50 joint venture between the company and USA-based Axiall LLC. In its … Read more
Apollo Global Management Inc, a private equity firm has approached pigment manufacturer Tronox Holdings Plc, with a $4.3 billion all-cash offer, according to a news report by Reuters. Apollo has offered $27 per share to buy Stamford, Connecticut-based Tronox. The pigment manufacturer has hired advisers to consider the bid and has yet to decide on … Read more
Shree Ganesh Remedies Ltd announced that its Board of Directors have decided to enter into the Share Purchase Agreement to acquire the 74% stake of Dhari Chemicals Limited (DCL). DCL was incorporated to carry on the business of manufacturing of speciality chemicals, chemical compounds (organic and in-organics) in all forms (solid, liquid and gaseous) and … Read more
Polytek Development Corp., a manufacturer of specialty polymers, announced today the acquisition of Specialty Resin & Chemical. Polytek is a portfolio company of Arsenal Capital Partners. Founded in 2007 and located in Dowagiac, MI, Specialty Resin & Chemical is a supplier of user-friendly mold making, casting, and coating products, including bar top epoxy resin and … Read more
Royal DSM announced signing an agreement to acquire First Choice Ingredients, a leading supplier of dairy-based savory flavorings for an enterprise value of US$453 million. This transaction represents an EV/EBITDA multiple of 19.8x based on the estimated 2021 Adjusted EBITDA. The estimated 2021 sales amount to about US$75 million. With headquarters in Germantown (WI, USA) … Read more