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January 27, 2016
The US chemical industry is expected to feel the impact of slow global growth, low commodity prices and the strong dollar, according to a new report by Moody’s Investors Service...
http://www.chemweek.com/people_and_business/m_and_a/Moodys-Macro-trends-a-problem-for-parts-of-US-chemical-industry_76706.html
January 26, 2016
Rentech Nitrogen has filed a registration statement with SEC to prepare for a potential spin-out of its Pasadena, TX, facility in the event it is unable to sell the plant. The...
http://www.chemweek.com/people_and_business/m_and_a/Rentech-Nitrogen-preparing-for-potential-spin-out-of-Texas-facility_76677.html
January 25, 2016
Samsung SDI shareholders on Monday agreed to spin off its chemicals business into a new affiliate tentatively called SDI Chemical. The unit will be sold to Lotte Chemical during the...
http://www.chemweek.com/people_and_business/m_and_a/Samsung-SDI-separates-chemical-assets-before-sale-to-Lotte_76647.html
January 21, 2016
Ter Plastics Iberica has acquired the plastics division of family-owned chemical distributor Proquibasa (Barcelona). Financial details of the transaction have not been disclosed. Ter...
http://www.chemweek.com/people_and_business/m_and_a/Germany-based-group-buys-plastics-division-of-Spanish-distributor_76599.html
January 21, 2016
3M announced Wednesday that it has entered into an agreement to sell its pressurized polyurethane foam adhesives business to Innovative Chemical Products (ICP; Andover, MA). ICP is...
http://www.chemweek.com/people_and_business/m_and_a/3M-sells-pressurized-polyurethane-foam-adhesives-unit-to-Innovative-Chemical-Products_76575.html
January 20, 2016
An investment firm has proposed that Ashland sell its specialty ingredients business and restructure Valvoline to create a master limited partnership (MLP), according to a Reuters...
http://www.chemweek.com/people_and_business/m_and_a/Report-Investor-seeks-sale-of-Ashland-specialties-business-MLP-for-Valvoline_76592.html
January 27, 2016
AkzoNobel has acquired the outstanding shares in EkO Peroxide from joint venture partner OCI Peroxygens for an undisclosed sum. The jv was founded nine years ago to own and operate a 70,000-short tons/year hydrogen peroxide facility at Columbus, MS....
http://www.chemweek.com/people_and_business/m_and_a/AkzoNobel-acquires-EkO-Peroxide_76536.html
January 19, 2016
Specialty chemical distributor Maroon Group (Forest Park, IL) announced Tuesday the acquisition of CNX Distribution (Hurst, TX), expanding its presence in the southwestern United...
http://www.chemweek.com/people_and_business/m_and_a/Maroon-Park-expands-presence-through-acquisition-of-CNX_76557.html
January 19, 2016
ENI (Rome) has given more details about the future ownership of its petrochemicals arm Versalis (Milan). ENI outlined the plans at last week’s meeting at the Ministry of Economic...
http://www.chemweek.com/people_and_business/m_and_a/ENI-will-retain-significant-stake-in-Versalis_76534.html
January 19, 2016
Nippon Paint Holdings (Tokyo) said on Tuesday that its Nippon Paint (Europe) subsidiary has acquired the 49% it did not already own in original equipment manufacturer (OEM) coatings...
http://www.chemweek.com/people_and_business/m_and_a/Nippon-Paint-Holdings-gains-full-ownership-of-OEM-coatings-maker-Bollig-and-Kemper_76526.html
January 19, 2016
China National Chemical Corp. (ChemChina; Beijing) says that its petrochemical subsidiary has acquired a 12% stake in Mercuria Energy Trading (Geneva), one of the largest independent...
http://www.chemweek.com/people_and_business/m_and_a/ChemChina-acquires-12-percent-stake-in-Mercuria-Energy-Trading_76518.html
January 19, 2016
Kuwait’s Petrochemical Industries Co. (PIC; Safat) has acquired a 25% stake in SK Advanced (Ulsan), a joint venture which owns a recently completed propane dehydrogenation (PDH)...
http://www.chemweek.com/people_and_business/m_and_a/Kuwaiti-firm-buys-minority-stake-in-SK-Advanced_76500.html
January 18, 2016
A group of Syngenta shareholders says it opposes a sale of the company to China's state-owned ChemChina and calls for the ousting of Syngenta's leadership, according to Reuters. In a...
http://www.chemweek.com/people_and_business/m_and_a/Reports-Syngenta-shareholder-group-opposes-sale-to-ChemChina_76502.html
January 15, 2016
Israel Chemicals Ltd. (ICL; Tel Aviv) says that it has completed a 15% equity investment in Yunnan Yuntianhua (Kunming, China), China's leading phosphate producer, for approximately...
http://www.chemweek.com/people_and_business/m_and_a/ICL-acquires-a-15-percent-stake-in-Yunnan-Yuntianhua-for-$250-million_76474.html
January 15, 2016
The European Commission has opened an in-depth investigation to assess whether Halliburton's proposed acquisition of Baker Hughes would impede competition in the European Union...
http://www.chemweek.com/people_and_business/m_and_a/Europe-launches-in-depth-investigation-into-Halliburtons-acquisition-of-Baker-Hughes_76478.html
January 15, 2016
Rosneft and BP on Friday announced that they have signed an agreement to dissolve the existing refining Ruhr Oel joint venture as they move toward completing the previously announced...
http://www.chemweek.com/people_and_business/m_and_a/Rosneft-and-BP-agree-to-dissolve-Ruhr-Oel-joint-venture_76472.html
January 15, 2016
Evonik Industries says that it is investing in the Chinese venture capital fund GRC SinoGreen Fund III (GRC III). Details of the investment have not been disclosed. GRC invests in...
http://www.chemweek.com/people_and_business/m_and_a/Evonik-invests-in-Chinese-venture-capital-fund_76466.html
January 14, 2016
KBR said on Wednesday that it has acquired Weatherly Inc., Plinke GmbH, and Chematur Ecoplanning from Chematur Technologies, owned by Connell Chemical. The transaction price is $24.5...
http://www.chemweek.com/people_and_business/m_and_a/KBR-acquires-Chematur-Engineering-subsidiaries-strengthens-fertilizer-portfolio_76371.html
January 14, 2016
Kisco (Osaka) says that it has acquired Specialty Coating Systems (SCS; Indianapolis), a provider of parylene coating services and technologies. Parylene coating collectively refers to...
http://www.chemweek.com/people_and_business/m_and_a/Kisco-acquires-US-based-Specialty-Coating-Systems_76368.html
January 18, 2016
W. R. Grace says the previously announced spin off GCP Applied Technologies (GCP), its construction products and packaging sealants and coatings businesses, will be completed on 3 February. Greg Poling, currently Grace COO, has been designated GCP president and CEO....
http://www.chemweek.com/people_and_business/m_and_a/Grace-to-complete-spin-of-construction-products-next-month_76367.html
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