Symrise to Acquire Two French Fragrance Firms

Symrise has submitted a binding offer to acquire 100% of R. Romani – Société Française d’Aromatiques (SFA Romani), a high-end fragrances house. In addition, Symrise submitted a binding offer to fully acquire Neroli Invest DL (Groupe Neroli). Both companies are based in the Grasse area in France. With these transactions, Symrise intends to reinforce its … Read more

Bayer to Sell its Pest Control Business to Cinven for $2.6 Billion

Bayer and Cinven have entered into a definitive agreement regarding the sale of Bayer’s Environmental Science Professional business for a purchase price of $2.6 billion, Bayer announced on Thursday. “This divestment represents a very attractive purchase price and allows us to focus on our core agricultural business and the successful implementation of our Crop Science … Read more

India’s JK Cement to Enter Paint Business, to Invest Rs 6 Billion

JK Cement Ltd, a leading manufacturer of wall putty and grey cement in India, announced that it will make its foray into the paints business. “The board of directors of the company in their board meeting “approved entering into paint business through a wholly owned subsidiary, formation of new wholly owned subsidiary and investment in … Read more

Arkema Completes Acquisition of Ashland’s Performance Adhesives Business

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 to Acquire Engineering Adhesives Producer in China

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

India’s Galaxy Surfactants Reports 46.5% Drop in YoY Net Profit in Q3FY22

Galaxy Surfactants Ltd., a specialty chemicals manufacturer based in India announced its results for the third quarter ended December 31, 2021. Q3 Results- QoQ The company’s net profit grew 8.8% to Rs 456.2 million for the period ended December 31, 2021 as against net profit of Rs 419.4 million for the previous quarter. Net sales … Read more

India’s Atul Reports 17.6% Drop in YoY Net Profit in Q3FY22

Atul Ltd., a leading chemicals manufacturer based in India announced its results for the third quarter ended December 31, 2021. Q3 Results- QoQ The company’s net profit grew 6% to Rs 1.55 billion for the period ended December 31, 2021 as against net profit of Rs 1.46 billion for the previous quarter. Net sales grew … Read more

India’s Aarti Industries Reports 367.4% YoY Net Profit Growth in Q3FY22

Aarti Industries Ltd., a leading specialty chemicals manufacturer based in India announced its results for the third quarter ended December 31, 2021. Q3 Results- QoQ The company’s net profit grew 338.6% to Rs 7.72 billion for the period ended December 31, 2021 as against net profit of Rs 1.76 billion for the previous quarter. Net … Read more

Lotte Chemical to Invest $502 Million to Expand Eco-friendly Specialty Materials Business

South Korea’s Lotte Chemical Corp. is set to spend 602 billion won ($501.5 million) in building eco-friendly materials plants at one of its petrochemical complexes in the country. Lotte said on Monday it agreed with a local government to invest in a battery electrolyte organic sol-vents factory as well as carbon capture and utilization (CCU) … Read more

India’s PI Industries Reports 15.1% YoY Net Profit Growth in Q3FY22

PI Industries Ltd., an agrochemicals manufacturer based in India announced its results for the third quarter ended December 31, 2021. Q3 Results- QoQ The company’s net profit declined 3.05% to Rs 2.23 billion for the period ended December 31, 2021 as against net profit of Rs 2.29 billion for the previous quarter. Net sales grew … Read more

India’s Anupam Rasayan Acquires Stake in Tanfac Industries

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

India’s Pidilite Reports 19.5% Decline in YoY Net Profit for Q3FY22

Pidilite Ltd., a specialty chemicals manufacturer based in India announced its results for the third quarter ended December 31, 2021. Q3 Results- QoQ The company’s net profit declined 4.27% to Rs 3.59 billion for the period ended December 31, 2021 as against net profit of Rs 3.75 billion for the previous quarter. Net sales increased … Read more

India’s SRF Reports 32.2% YoY Net Profit Growth in Q3FY22

SRF Ltd., an industrial and specialty intermediates manufacturer based in India announced its results for the third quarter ended December 31, 2021. Q3 Results- QoQ The company’s net profit grew 32.2% to Rs 5.05 billion for the period ended December 31, 2021 as against net profit of Rs 3.82 billion for the previous quarter. Net … Read more

Perstorp Acquires DMPA from GEO Specialty Chemicals

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

The Heubach Group, SK Capital Close Acquisition of Clariant Pigments

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 to Consider Sale of Textile Effects Division

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

India’s Meghmani Organics Ltd Acquires Kilburn Chemicals

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 agrees $1 Billion Deal to Acquire Croda’s Biobased Performance, Industrial Chemical businesses

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

Lotte Chemical to Invest $211M to Expand Ethylene Oxide Adduct Production

Lotte Chemical Corp., a petrochemical unit of South Korean conglomerate Lotte Group, said Friday it will spend 250 billion won (US$211.4 million) to expand its domestic production line of ethylene oxide adduct (EOA). The expansion of the production line in Daesan, a county in the central South Chungcheong Province, will help boost its EOA production … Read more