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April 8, 2015
Private equity firm New Mountain Capital (New York) has agreed to acquire Zep (Atlanta), a maker of consumer cleaning and maintenance chemicals, for $692 million, or $20.05/share. The...
http://www.chemweek.com/people_and_business/companies/Zep-to-be-acquired-by-New-Mountain-Capital_69279.html
April 7, 2015
Airgas today announced it is raising its quarterly dividend on its common stock by 9%, to 60 cts/share form 55 cts/share. The higher dividend will be paid on 30 June to shareholders of...
http://www.chemweek.com/people_and_business/companies/Airgas-raises-dividend_69271.html
April 7, 2015
Solenis, the former Ashland water treatment business, on 1 April completed the acquisition of the paper chemicals distribution assets of Connell Bros. Co. (CBC; Mumbai), a maker of...
http://www.chemweek.com/people_and_business/companies/Solenis-completes-India-acquisition_69219.html
April 7, 2015
Investment firm Berkshire Hathaway (Omaha, NE) has purchased 20 million Axalta shares in a private placement at $28/share, for a purchase price of $560 million, Axalta says. The shares...
http://www.chemweek.com/people_and_business/companies/Berkshire-Hathaway-buys-stake-in-Axalta_69247.html
April 7, 2015
DuPont slams activist hedge fund Trian Fund Management (New York) and its founder and CEO, Nelson Peltz, in an investor presentation released today. The presentation accuses Trian of...
http://www.chemweek.com/people_and_business/companies/DuPont-slams-Trian-Peltz-in-investor-presentation_69230.html
April 6, 2015
A. Schulman today reported a fiscal second-quarter net loss of $888,000, or 3 cts/share, due largely to CEO transition costs and restructuring and acquisition integration charges, on...
http://www.chemweek.com/people_and_business/companies/Schulman-falls-short-of-estimates-sales-fall-due-to-currency-impacts_69232.html
April 2, 2015
Ashland today announced that it is expanding capacity for two products in its specialty ingredients business at a facility in Hopewell, VA. The $89-million expansion will up capacity...
http://www.chemweek.com/people_and_business/companies/Ashland-to-expand-specialty-ingredients-capacity-in-Virginia_69138.html
April 2, 2015
Composites and coatings maker Reichhold Industries (Durham, NC) announced today that its US operations have emerged from Chapter 11 bankruptcy, and that the company has purchased its...
http://www.chemweek.com/people_and_business/companies/Reichhold-US-business-emerges-from-bankruptcy-as-bondholders-take-control_69139.html
April 2, 2015
Synthomer is understood to have rejected the claim by Ineos chairman Jim Ratcliffe that its new CEO, Calum MacLean, acted unethically in "poaching" his former colleague...
http://www.chemweek.com/people_and_business/companies/Synthomer-rejects-claims-that-it-poached-Ineos-executive_69132.html
April 1, 2015
FMC today announced the completion of the $1.64-billion sale of its alkali chemicals, or soda ash, business to Tronox. The deal was announced in February, and cleared a key US...
http://www.chemweek.com/people_and_business/companies/FMC-Tronox-soda-ash-deal-closes_69113.html
April 1, 2015
Oman Oil Refineries and Petroleum Industries Co. (Orpic; Muscat) has awarded a three-year technical services agreement contract to AMEC Foster Wheeler for the former’s Mina Al...
http://www.chemweek.com/people_and_business/companies/Orpic-award-3-year-services-contract-to-AMEC-Foster-Wheeler_68807.html
April 1, 2015
PPG today completed the acquisition of Revocoat (St. Just en Chaussee, France), a maker of adhesives, sealants and dampening products for the automotive sector, for an undisclosed sum...
http://www.chemweek.com/people_and_business/companies/PPG-completes-automotive-materials-acquisition_69092.html
March 31, 2015
Shaoxing Yuandong Petrochemical (Shaoxing, China) has stopped offering purified terephthalic acid (PTA) futures on the Zhengzhou Commodity Exchange (ZCE; Zhengzhou, China), effective...
http://www.chemweek.com/people_and_business/companies/Chinese-producer-stops-offering-PTA-futures-on-commodity-exchange-due-to-suspected-bankruptcy_68688.html
March 31, 2015
Idemitsu Kosan will reduce the capacity of its Chiba, Japan refinery by 20,000 bbl/day, or 9%, to 200,000 bbl/day, effective 1 April, and by another 35,000 bbl/day at a later date, the...
http://www.chemweek.com/people_and_business/companies/Idemitsu-to-cut-capacity-at-Chiba-refinery_69002.html
March 31, 2015
PPG Industries has acquired Flood Australia (Padstow, Australia), a maker of wood stains and paint additives for consumer, commercial, and industrial applications. Financial terms of...
http://www.chemweek.com/people_and_business/companies/PPG-acquires-wood-stain-and-paint-additives-maker-in-Australia_69047.html
March 30, 2015
Private equity firm The Carlyle Group (Washington, DC) has announced it is selling 35 million shares in Axalta in a secondary offering. The exact timing and price of the offering have...
http://www.chemweek.com/people_and_business/companies/Carlyle-to-sell-additional-Axalta-shares_69033.html
March 30, 2015
Momentive Performance Materials (MPM) today reported fourth-quarter net sales of $603 million, down 2% year-on-year (YOY), with segment Ebitda totaling $61 million, up 17%. The company...
http://www.chemweek.com/people_and_business/companies/Momentive-Performance-Materials-Ebitda-rises-after-bankruptcy_69017.html
March 30, 2015
Investment firm Fidelity (Boston) has stepped in to urge a solution to the proxy battle between DuPont and activist hedge fund Trian Fund Management (New York), according to a Reuters...
http://www.chemweek.com/people_and_business/companies/Report-Fidelity-stepping-in-to-resolve-DuPont-proxy-fight_69015.html
March 27, 2015
Airgas says it is building a new air separation unit (ASU) to produce tonnage oxygen, nitrogen, and argon for a Nucor plant in Tuscaloosa, AL. The ASU will supply Nucor’s plant...
http://www.chemweek.com/people_and_business/companies/Airgas-to-construct-ASU-near-steel-plant-in-Alabama_68984.html
March 27, 2015
Albemarle yesterday said it is raising prices for elemental bromine and bromine derivatives by 30%. The increases will be effective immediately or as soon as contracts permit. Clear...
http://www.chemweek.com/people_and_business/companies/Albemarle-raises-elemental-bromine-prices_68985.html
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