Specialty Chemicals

Vantage Specialty Chemicals Signs Definitive Agreement to Acquire Textron Plimon

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Global private equity firm H.I.G. Capital, LLC announced on WEdnesday that its portfolio company, Vantage Specialty Chemicals Holdings, Inc, a leading, vertically-integrated provider of naturally derived ingredients, has signed a definitive agreement to acquire Textron Plimon, S.L.U. Natural Oils Business. As part of the transaction, Textron will spin-off its Spanish distribution business (“Plimon”) which will … Read more

AkzoNobel to Improve its Wood Coatings Facility in North Carolina

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AkzoNobel is set to transform its wood coatings facility in High Point, North Carolina, into a best-in-class manufacturing site – and further strengthen the company’s market position in the US. The transformation will involve reorganizing manufacturing operations at the site and will include the addition of automatic dosing unit technology to produce paint more efficiently. … Read more

Versum Materials Urges Shareholders to Vote in Favor of Entegris Merger

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Versum Materials announced the filing of an investor presentation with the SEC and that the Versum Board of Directors sent a letter to Versum shareholders regarding the previously announced definitive merger agreement with Entegris, urging shareholders to vote the WHITE proxy card “FOR” the merger agreement with Entegris at the Special Meeting of Stockholders on … Read more

Italmatch Chemicals Acquires Tech Start-up Eco Inhibitors

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Italmatch Chemicals on Tuesday announced that it has acquired Eco Inhibitors, a technology start – up company based in Norway that has developed chemical solutions to produce a new generation of environmentally friendly hydrate inhibitors. Investing in such highly innovative technologies enables Italmatch Chemicals to further consolidate its focus on R&D and sustainability, expanding and … Read more

India’s SRF Shuts Plant at Dahej for Regulatory Violation

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Pollution Control Board of Indian state Gujarat has ordered chemicals manufacturer SRF Ltd to shut down its Dahej unit. The board in its order stated that the company has violated the industrial waste disposal norms and installed a calcium chloride plant without regulatory approvals. On March 25, the state regulator inspected the industrial unit of … Read more

Eastman acquires Sasol’s Marlotherm business

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Eastman Chemical Company announced that it has acquired Sasol’s Marlotherm heat transfer fluids manufacturing assets located in Germany and related formulations, intellectual property and customer contracts. Terms of the transaction were not disclosed. The company stated that the acquisition will enable Eastman to expand its heat transfer fluids product offerings to customers around the globe. … Read more

BASF Starts Liaison Office at Zhanjiang, to Develop $10-billion Project

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BASF today officially launched its liaison office in Zhanjiang, Guangdong Province, marking another milestone in BASF’s efforts to implement a new integrated chemical production base. Located in Chikan District, downtown Zhanjiang, the new office is equipped with a range of BASF materials and solutions to create a comfortable and sustainable office environment. These include carpets … Read more

Tnemec Acquires Rival Coatings and Linings Manufacturer

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Tnemec Company, Inc., an industry-leading manufacturer of industrial and architectural protective coatings, announced it has acquired St. Louis-based coatings company, ProPolymer Coatings. ProPolymer Coatings provides tank linings, exterior coatings and containment products for various plants, from food and chemical processing plants to power generation facilities. “Tnemec and the ProPolymer team are both excited about this … Read more

Tronox Announces FTC Withdraws Cristal Deal from Adjudication

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Tronox Limited confirmed on Monday that the Federal Trade Commission has withdrawn the company’s proposed acquisition of The National Titanium Dioxide Company Limited’s titanium dioxide business from adjudication for the purpose of considering the proposed Consent Agreement. The transaction would then be able to be consummated if the proposed Consent Agreement were finally approved by the Commission. The … Read more

Wacker Opens New Lab for Food Ingredients in Shanghai

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Wacker Chemie AG has opened a new laboratory for food applications in Shanghai. This specialized laboratory will enable Wacker to provide its customers in Asia with even better support in developing innovative, customized products in the fast-growing food market. The focus is on food ingredients, for example for egg-free baked goods, whipped toppings or functional … Read more

Merck to Invest € 1 Billion at the Darmstadt Site until 2025

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Merck announced that a comprehensive agreement has been signed between the company management and the Joint Works Council for the Darmstadt site. The goal is to secure and further expand the future viability of corporate headquarters as a central hub for science and technology. For this purpose, up to 2025, the company will invest a … Read more

INEOS set to acquire Cristal’s North American Titanium Dioxide Business from Tronox

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INEOS has announced on Tuesday that it has signed an agreement to acquire Cristal’s (National Titanium Dioxide Company Limited) North American TiO2 business from Tronox Limited for $700 million. The North American business of Cristal includes two plants located in the complex of Ashtabula Ohio (US). The deal is the proposed remedy package submitted by … Read more

Tata Chemicals signs a MOU with ISRO for transfer of Lithium-ion Cell Technology

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On Monday, Tata Chemicals Limited (TCL), an Indian manufacturer of basic chemicals (Soda Ash, Sodium Bicarbonate) and consumer and specialty products, signed a Memorandum of Understanding (MoU) with the Indian Space Research Organization (ISRO) for the transfer of lithium – ion cell technology from ISRO. ISRO’s Vikram Sarabhai Space Center (VSSC) has developed technology to manufacture … Read more

Safic-Alcan acquires Langley-Smith & Company

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Safic-Alcan UK, a major specialty chemicals distributor and Safic-Alcan Group subsidiary, announced on Monday that it has acquired 100% of Langley-Smith & Company.  “The acquisition of Langley – Smith will strengthen our position as a leader in the distribution of specialty chemicals in the UK and Ireland and develop our capabilities in mainland Europe,” said … Read more

DSM Completes Increase of Shareholding in Andre Pectin to 75 Percent

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Royal DSM, a global science-based Nutrition, Health and Sustainable Living company, informed its stakeholders that it has completed the increase of its stake in Yantai Andre Pectin Co. Ltd. (Andre Pectin) to 75 percent. The first announcement of the increase was made on 4 February 2019. In 2013, DSM acquired a 29 percent stake in … Read more

Asahi Kasei to Enhance Manufacturing Infrastructure for LIB Separator

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Asahi Kasei will expand its Li-ion battery (LIB) separator manufacturing infrastructure with completion planned for the first half of fiscal 2021. The company is investing around $270 million on this project. LIB is a thin polyolefin microporous film placed between the cathode and the lithium – ion battery anode. It prevents contact between the electrodes … Read more

Merck KgaA Urges Versum Shareholders to Vote Against Entegris Deal

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Merck KgaA filed with the U.S. Securities and Exchange Commission (SEC) a preliminary proxy statement on Tuesday urging all Versum shareholders to vote against the merger with the rival Entegris. Merck has reiterated in the statement that “it is convinced that the proposed Entegris transaction is not the best option available to the Versum shareholders, … Read more

Azelis acquires Canada-based specialty chemicals and ingredients distributor

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Azelis has acquired Chemroy, a specialty food ingredients and chemical distributor from Canada. Financial details of the transaction were not disclosed. According to the company, the acquisition will strengthen its status as one of the leading distributors of specialty ingredients in Canada and will enhance its position in the coating, nutritional, personal care and food … Read more

AkzoNobel opens ground-breaking R&D innovation campus

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AkzoNobel has opened a trailblazing laboratory complex that can test new products in conditions that imitate the most extreme environments in the world. The R&D campus at the Felling site will focus on delivering state-of – the-art innovation and products for the marine and oil & gas industries. The laboratory in the campus will be … Read more

DowDuPont Board Approves Separation of Materials Science Division as New Dow

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On Friday, DowDuPont announced that its Board of Directors has agreed to the previously announced separation of its Materials Science Division. The division will become the new Dow on April 1. DowDuPont’s board of directors declared a dividend for the second quarter of $325 million to be paid on May 28, 2019, in the aggregate … Read more