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June 17, 2014
Axalta, the former automotive coatings business of DuPont, has named Luke Lu v.p. and president/China, a newly created post. Lu will report to Axalta chairman and CEO Charlie Shaver...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Axalta-names-China-president_61869.html
June 17, 2014
PPG says it will spend $40 million to expand a coating resins facility near São Paulo. The expansion will add 65,000 sq ft to the facility, which makes resins for electrocoat...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/PPG-expands-coatings-plant-in-Brazil_61867.html
June 13, 2014
PPG Industries has completed the previously announced acquisition of nearly all of the assets of Canal Supplies Inc. (CSI; Panama City), a privately owned distributor of protective and...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/PPG-completes-acquisition-of-marine-coatings-distributor-in-Panama_61797.html
June 10, 2014
Momentive Performance Materials (MPM) announced today the opening of its new automotive glazing coating facility at Leverkusen. MPM says customers will be able to coat...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Momentive-Performance-Materials-opens-automotive-coating-facility-in-Germany_61649.html
June 10, 2014
PPG has acquired Masterwork (Pittsburgh), a distributor of architectural paints in western Pennsylvania, Ohio, and New York. Masterwork owned and operated 13 stores, which mostly stock...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/PPG-acquires-paint-stores-in-northeastern-US_61650.html
June 5, 2014
PPG Industries has reached a definitive agreement to acquire the Homax Group (Bellingham, WA), a supplier of decorative wall and ceiling texture repair products. The transaction is...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/PPG-acquires-wall-and-ceiling-repair-firm-Homax-Group_61585.html
June 5, 2014
Altana today inaugurated its new additives facility at Wallingford, CT, doubling capacity for paints, composites and other additives in its BYK Additives and Instruments division. The...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Altana-doubles-US-additives-capacity_61598.html
June 4, 2014
Laticrete (Bethany, CT) has agreed to buy DuPont’s surface-care business, a maker of protective coatings and surface treatments for the stone and tile market, the companies say...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Laticrete-to-buy-DuPonts-surface-care-business_61566.html
June 4, 2014
A. Schulman has agreed to acquire Ferro’s specialty plastics business, a maker of engineered plastic compounds, colorants, and liquid coatings mostly for thermoset plastics, for...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Schulman-to-acquire-Ferros-specialty-plastics-business-Ferro-looking-to-sell-polymer-additives_61554.html
June 3, 2014
Axalta Coatings Systems announced today that it has named Eduardo Nardinelli president and general manager/Brazil. Nardinelli has a background in the automotive sector, and comes to...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Axalta-names-Brazil-president_61522.html
May 16, 2014
Comex Mexico has filed suit against Sherwin-Williams (SW) over SW’s termination of the $2.34-billion merger agreement between the two companies, a Reuters report says. The...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Comex-Mexico-files-suit-against-Sherwin-Williams-over-deal-termination_61108.html
May 12, 2014
Private Equity firm Huron Capital Partners (Detroit) has cofounded Valentus Specialty Chemicals, an acquisition platform, Huron says. The company is joining forces with industry...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Huron-Capital-launches-specialty-chemicals-acquisition-platform_60996.html
May 8, 2014
Paints and coatings company Tikkurila (Helsinki) says that its revenue for the first quarter of 2014 increased to €141.5 million ($196.8 million), compared with €138.4...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Tikkurila-sales-increase-by-2-2-percent-in-first-quarter-2014-Ebit-jumps-28-5-percent-YOY_60898.html
April 23, 2014
Ferro today reported first-quarter net income of $17.2 million, compared with $883,000 in the year-ago quarter. Adjusted earnings totaled 19 cts/share, nearly double the year-ago...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Ferro-beats-estimates-raises-full-year-guidance_60510.html
April 21, 2014
India’s largest paints company Asian Paints (Mumbai) has informed the Bombay Stock Exchange (Mumbai) that it has signed an agreement with the shareholders of Kadisco Chemical...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Asian-Paints-to-acquire-majority-stake-in-Ethiopias-Kadisco-Chemical_60352.html
April 17, 2014
Sherwin-Williams (SW) has reported first-quarter net income down 0.6% year-on-year (YOY), to $115.5 million, on sales up 9.2%, to $2.37 billion. Earnings totaled $1.14/share, including...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Sherwin-Williams-beats-estimates-on-sales-increase_60367.html
April 17, 2014
PPG today reported net income from continuing operations up 45% year-on-year (YOY), to $277 million, on sales from continuing operations up 17%, to $3.6 billion. Adjusted earnings...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/PPG-earnings-beat-estimates-on-higher-volumes_60366.html
April 9, 2014
Paints and coatings makers are feeling increasingly optimistic about business prospects for 2014, as the rebounding construction market drives demand for architectural coatings and raw...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/ACS-2014-Optimism-rising-in-the-coatings-industry_60219.html
April 8, 2014
Research and development (R&D) in the paints and coatings industry is being driven by a variety of issues, chief among energy efficiency and the development of new substrates in...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/ACS-2014-Energy-issues-new-substrates-key-drivers-for-coatings-R-and-D_60195.html
April 4, 2014
Sherwin-Williams (SW) announced today that it is terminating its agreement to acquire Mexican paint supplier Comex, which has run into antitrust issues in Mexico. SW has already...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Sherwin-Williams-terminates-Comex-Mexico-acquisition_60120.html
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