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January 28, 2014
Eastman Chemical (Kingsport, TN) has agreed to acquire BP’s $100-million/year global aviation turbine engine oil business, Eastman announced on 28 January. The acquisition will expand Eastman’s aviation products portfolio, which currently comprises its Skydrol aviation hydraulic fluids. Financial terms of the deal, which is expected to close in the second quarter, have not been disclosed....
http://www.chemweek.com/people_and_business/m_and_a/Eastman-buys-BPs-aviation-turbine-oil-business_58361.html
January 24, 2014
Wacker Chemie said today that its silicon wafer subsidiary Siltronic has increased its stake in Siltronic Samsung Wafer (Singapore) from 50% to 78%. Siltronic and Samsung Electronics...
http://www.chemweek.com/people_and_business/m_and_a/Wacker-acquires-majority-stake-in-silicon-wafer-jv-with-Samsung_58294.html
January 24, 2014
Talke Group said today that it has taken over Hammer Logistik (Luxembourg). The acquisition has expanded Talke’s European dry bulk network to a total of about 1,200 silo vehicles...
http://www.chemweek.com/people_and_business/m_and_a/Talke-Group-acquires-Luxembourg-based-Hammer-Logistik_58288.html
January 23, 2014
Ineos and Solvay received a statement of objections from the European Commission concerning the proposed €4.3-billion ($5.8 billion) merger of the companies' chlorvinyls...
http://www.chemweek.com/people_and_business/m_and_a/Ineos-and-Solvay-receive-statement-of-objections-from-European-Commission-on-proposed-chlorvinyls-merger_58214.html
January 23, 2014
Biodiesel producer Renewable Energy Group (Ames, IA) today announced it has acquired renewable chemical technology developer LS9 for a purchase price of up to $61.5 million, consisting...
http://www.chemweek.com/people_and_business/m_and_a/Biodiesel-firm-acquires-LS9-for-$61-million_58203.html
January 23, 2014
Five investors have shown interest in taking over debt-ridden petrochemical producer Oltchim (Ramnicu Valcea, Romania), according to a report from Romania's national press agency...
http://www.chemweek.com/people_and_business/m_and_a/Report-Five-investors-show-interest-in-acquiring-Romanias-Oltchim_58213.html
January 22, 2014
RPM has acquired Citadel Restoration and Repair (St. Paul, MN), a producer and marketer of premium concrete and wood deck floor coatings for the professional contractor and...
http://www.chemweek.com/people_and_business/m_and_a/RPM-acquires-concrete-coatings-maker_58194.html
January 21, 2014
Koppers says it has completed the previously announced purchase of the crosstie-treating business and related manufacturing facility of Tolko Industries (Ashcroft, BC). The purchase...
http://www.chemweek.com/people_and_business/m_and_a/Koppers-closes-$29-million-crosstie-treating-acquisition_58166.html
January 17, 2014
Plextronics, a producer of conductive polymers, has filed for bankruptcy and requested authorization from the US Bankruptcy Court to pursue a sale by auction, the company announced on 17 January. Solvay has agreed to place the stalking-horse bid, which sets a minimum price for the acquisition....
http://www.chemweek.com/people_and_business/m_and_a/Solvay-makes-$32-6-million-bid-for-bankrupt-Plextronics_58110.html
January 17, 2014
Caldic Sweden, a food ingredients distributor and subsidiary of specialty chemicals distributor Caldic (Rotterdam), has acquired the former production site of International Flavors...
http://www.chemweek.com/people_and_business/m_and_a/Distributor-Caldic-acquires-former-IFF-site-in-Sweden_58098.html
January 17, 2014
Borealis is among the three remaining bidders to acquire a stake of up to 75% in state-owned fertilizer producer Petrokemija (Kutina, Croatia), Croatian press reports say. The other...
http://www.chemweek.com/people_and_business/m_and_a/Reports-Borealis-among-bidders-to-acquire-Croatia-fertilizer-producer_58096.html
January 17, 2014
Braskem (São Paulo) has sold its water-treat unit (WTU) located in the Triunfo petrochemical complex in the state of Rio Grande do Sul, Brazil to Odebrecht Ambiental, a...
http://www.chemweek.com/people_and_business/m_and_a/Braskem-sells-water-treatment-unit-at-Triunfo-petchem-complex-to-Odebrecht_58090.html
January 17, 2014
Petroleos Mexicanos (Pemex) has announced the acquisition of Agro Nitrogenados’ urea manufacturing asset, which it plans to reactivate and revamp. The company says it will spend...
http://www.chemweek.com/people_and_business/m_and_a/Pemex-to-spend-$475-million-on-urea-plant-in-Mexico_58085.html
January 16, 2014
Odebrecht (Salvador, Brazil), the majority shareholder in Braskem, has closed the previously reported acquisition of Sabic's site at Washington, WV, local media reports say. The...
http://www.chemweek.com/people_and_business/m_and_a/Reports-Odebrecht-buys-Sabics-site-in-West-Virginia_58009.html
January 16, 2014
International Flavors & Fragrances (IFF) said today that it has acquired Aromor Flavors & Fragrances (Kibbutz Givat Oz, Israel), a producer of complex specialty...
http://www.chemweek.com/people_and_business/m_and_a/IFF-acquires-Israeli-flavors-and-fragrances-firm-Aromor_58007.html
January 16, 2014
Mosaic says it has received approval from the Department of Justice (DOJ) under its Hart-Scott-Rodina Antitrust Improvement Act for the $1.4-billion acquisition of CF Industries'...
http://www.chemweek.com/people_and_business/m_and_a/Mosaic-receives-approval-from-Department-of-Justice-for-phosphates-acquisition_57996.html
January 15, 2014
Indian energy major ONGC (New Delhi) on Tuesday signed a memorandum of understanding with Kuwait Petroleum Corp. (KPC), which could lead to the Kuwaiti firm becoming a shareholder in...
http://www.chemweek.com/people_and_business/m_and_a/Kuwait-Petroleum-ONGC-sign-deal-for-OPAL-and-Mangalore-projects-in-India_57975.html
January 15, 2014
The Croatian government has received four nonbinding offers to acquire a stake in state-owned fertilizer producer Petrokemija (Kutina, Croatia), Petrokemija says. A government...
http://www.chemweek.com/people_and_business/m_and_a/Four-bids-submitted-for-privatization-of-Croatia-fertilizer-firm_57995.html
January 14, 2014
Ercros (Barcelona) announced that on 10 January it has signed agreements with Timab Ibérica, a subsidiary of the French Roullier group, to sell its 100% stake in Fosfatos de...
http://www.chemweek.com/people_and_business/m_and_a/Ercros-to-sell-Fosfatos-de-Cartagena-to-Timab-Iberica_57950.html
January 14, 2014
Saudi Aramco will spend $2 billion to acquire Hanjin Energy’s stake in S-Oil (Seoul), Korea’s third largest oil refiner and a major producer of para-xylene (p-xylene)...
http://www.chemweek.com/people_and_business/m_and_a/Saudi-Aramco-to-become-majority-shareholder-in-S-Oil_57949.html
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