India’s Chemcon Speciality Chemicals Reports 77.5% Net Profit Growth for Q3 YoY FY20-21

Chemcon Speciality Chemicals Limited, an Indian specialty chemicals manufacturer announced its results for the third quarter ended December 31, 2020. Q3 Results- QoQ The company’s net profit increased 5.71% to Rs 16.47 crores ($2.3 million) for the period ended December 31, 2020 as against net profit of Rs 15.58 crores ($2.1 million) for the previous … Read more

LANXESS to Acquire US-based Emerald Kalama Chemical

Specialty chemicals company LANXESS signed a binding agreement to acquire 100% shares in Emerald Kalama Chemical on February 14, 2021. Emerald Kalama is a globally leading manufacturer of specialty chemicals, especially for the consumer segment, and is majority-owned by affiliates of the US private equity firm American Securities LLC. The enterprise value of Emerald Kalama … Read more

Lonza to Sell Specialty Ingredients Division for $4.7 Billion to Private Equity Firms

Lonza AG has entered into a definitive agreement with Bain Capital and Cinven to acquire Lonza’s Specialty Ingredients business and operations for an enterprise value of CHF 4.2 billion ($4.7 billion). Both Bain Capital and Cinven have strong experience in the industrials sector and an established track record of successful investments in portfolio companies. The … Read more

Privi Speciality Chemicals Reports 40.2% Net Profit Decline for Q3 YoY FY20-21

Privi Speciality Chemicals Limited (formerly Fairchem Speciality Ltd), an Indian specialty chemicals manufacturer announced its results for the third quarter ended December 31, 2020. Q3 Results- QoQ The company’s net profit increased 10.8% to Rs 18.82 crores ($2.6 million) for the period ended December 31, 2020 as against net profit of Rs 16.98 crores ($2.3 … Read more

SRF Reports 16% Revenue Growth for Q3 YoY FY20-21

SRF Limited., an Indian chemicals & allied manufacturer announced its results for the third quarter ended December 31, 2020. Q3 Results- QoQ The company’s net profit increased 2.7% to Rs 324.25 crores for the period ended December 31, 2020 as against net profit of Rs 315.68 crores for the previous quarter. Net sales grew 2.17% … Read more

Asian Paints Reports 49% Net Profit Growth for Q3 QoQ FY20-21

Asian Paints Limited., an Indian paints and coatings manufacturer announced its results for the third quarter ended December 31, 2020. Q3 Results- QoQ The company’s net profit increased 49.1% to Rs 1238.34 crores for the period ended December 31, 2020 as against net profit of Rs 830.37 crores for the previous quarter. Net sales grew … Read more

AkzoNobel Enters Bidding Race to Acquire Tikkurila with $1.7 Billion Offer

AkzoNobel competes with U.S. rival PPG Industries on Monday, by making a $1.7 billion counterbid for Finland’s Tikkurila. AkzoNobel proposal includes an offer price of 31.25 euros ($37.8) per outstanding share, valuing Tikkurila at 1.4 billion euros ($1.69 billion), exceeding the 1.2 billion euros ($1.45 billion) offered by PPG two weeks ago. To obtain merger … Read more

OpenGate Capital to Acquire Solvay’s North America, Europe Amphoteric Surfactant Business

Private equity firm OpenGate Capital is to acquire the amphoteric surfactant manufacturing business from Solvay. The acquisition is subject to the satisfaction of works council consultations and regulatory approvals. The Business is a key player in surfactants, with a focus on the production of amphoterics primarily utilised in body care, hair care, and home care … Read more

Indian Specialty Chemicals firm Anupam Rasayan files for IPO

Anupam Rasayan, a specialty chemicals manufacturer based in Gujarat India, has filed its draft red herring prospectus with the capital market regulator of India, SEBI for  Rs 760 crore ($103.3 million) initial public offering (IPO). Anupam Rasayan intends to use the proceeds mainly for debt repayment. The company has decided to reserve a portion for … Read more

PPG to Acquire Finland’s Paint Producer Tikkurila for $1.35 billion

PPG Industries has entered into a definitive agreement to acquire Finland’s Tikkurila at €25 a share or for about €1.1 billion ($1.35 billion) in cash. The acquisition cost includes assumption of debt and cash, PPG said in a statement on Friday. The transaction is expected to close in the second quarter of 2021. “The combination … Read more

Huntsman to Acquire Gabriel Performance Products

Huntsman Corp. announced its agreement to acquire Gabriel Performance Products from funds owned by Audax Private Equity. Under the terms of the agreement, Huntsman will pay $250 million, subject to customary closing adjustments, in an all-cash transaction funded from available liquidity. Gabriel is a North American specialty chemical manufacturer of specialty additives and epoxy curing … Read more

PPG to Acquire Transportation Coatings Firm Ennis-Flint for $1.15 Billion

PPG Industries has entered into a definitive agreement to purchase coatings manufacturer Ennis-Flint for $1.15 billion, adding a range of pavement marking products, including paint and thermoplastics, to its portfolio. “The acquisition of Ennis-Flint will further expand our product offering and opportunities in rapidly developing and high-growth mobility technology solutions,” Michael McGarry, chairman and chief … Read more

Vidhi Specialty Receives Environmental Clearance for Setting up Plant

India’s Vidhi Specialty Food Ingredients announced that the Gujarat Pollution Control Board (GPCB) has granted the environment clearance to the Company for setting-up a plant in Dahej SEZ. The Company intends to manufacture 300 metric tonnes per month of Synthetic Water Soluble Food Colours and 60 metric tonnes of Synthetic Food grade lakes at the … Read more

Solvay to Sell Barium, Strontium, Sodium Percarbonate Businesses to PE Firm

Solvay announced that it has reached an agreement with private equity firm Latour Capital to sell its technical-grade barium and strontium business in Germany, Spain and Mexico as well as its sodium percarbonate business in Germany. Solvay’s barium and strontium business includes a joint venture with Chemical Products Corporation (CPC), which is part of the … Read more

Sudharshan Chemical Targets No.3 Spot in Global Pigment Manufacturing

Sudarshan Chemical Industries Ltd (SCIL), the largest pigment manufacturer in India (with >35% market share) is aiming to achieve the top 3rd position globally by market share by focusing on its core business, developing R&D, expanding to new markets, and improving manufacturing and operations. Currently, SCIL is the fourth-largest pigment manufacturer by market share, globally. … Read more

Bodal Chemicals to Deversify into Benzene Downstream, Expands Sulphuric Acid Capacity

Bodal Chemicals Ltd announced diversification into Benzene downstream products and expansion of Sulphuric Acid & Derivatives. The company intends to build a benzene plant with 55,000 MTPA capacity and expand Sulphuric Acid capacity to 340,000 MTPA at Saykha GIDC, Bharuch, Gujarat. The company said that these products will further enhance ‘Specialty Chemicals Segment’ for Bodal … Read more

Clariant Chemicals Reports Rs 191.8 Cr Net Profit for Q2 FY20-21

Clariant Chemicals Limited., an Indian subsidiary of specialty chemicals gaint Clariant AG announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company reported a net profit of Rs 191.8 crores for the period ended September 30, 2020 as against net profit of Rs 2.7 crores for the previous quarter. … Read more

Croda to Acquire Iberchem for $973 Million

Croda International Plc agreed to buy Iberchem for 820 million euros ($973 million) as Europe’s largest cosmetic-ingredients maker expands into highly competitive fragrances market. Croda said on Wednesday it plans to raise 600 million pounds ($798 million) in equity to help pay for the purchase of the asset from private equity firm Eurazeo SE. Iberchem … Read more

Valiant Organics Reports 24.4% Net Profit Growth for Q2 QoQ FY20-21

Valiant Organics Limited., a specialty chemicals manufacturer based in India announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company’s net profit increased 24.4% to Rs 30.7 crores for the period ended September 30, 2020 as against net profit of Rs 24.68 crores for the previous quarter. Net sales … Read more

Elementis Rejects Minerals Technologies All-cash $819 Million Offer

Elementis PLC, a British speciality chemicals company has rejected Minerals Technologies Inc’s all-cash buyout offer as the valuation for the company of $819 million was too low. The offer would represent a premium of 31% to Elementis’s closing price of 81.70 on November 4, the day before the approach.  With 580.8 million shares in issue, … Read more