IHS Chemical Week

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November 1, 2013
Chevron Phillips Chemical (CPChem) has finalized the sale of Chevron Phillips Chemical (China), which owns a polystyrene plant located in Zhangjiagang, China, to Grand Astor Limited....
http://www.chemweek.com/people_and_business/m_and_a/CPChem-completes-sale-of-China-polystyrene-plant_56363.html
November 1, 2013
Kemira and Wilmar International announced today that they have signed a joint venture agreement to manufacture alkylketene dimer (AKD) wax in China. The jv entities in China will be...
http://www.chemweek.com/people_and_business/m_and_a/Kemira-and-Wilmar-to-form-alkyl-ketene-dimer-wax-JV-in-China_56381.html
October 31, 2013
Ferro says it is selling its precious metals powders and flakes product lines in North America and Asia to Ames Goldsmith (South Glens Falls, NY), a precious metals products maker, for...
http://www.chemweek.com/people_and_business/m_and_a/Ferro-sells-precious-metals-product-line_56370.html
October 31, 2013
Solvay says it has closed the $1.35-billion acquisition,  first announced earlier this month, of oilfield chemicals and services firm ChemLogics (Paso Robles, CA). Chemlogics...
http://www.chemweek.com/people_and_business/m_and_a/Solvay-closes-ChemLogics-acquisition_56361.html
October 31, 2013
BASF says it has completed the previously announced tender offer for all outstanding shares of enzyme producer Verenium (San Diego) for $4.00/share. The offer, first announced 20...
http://www.chemweek.com/people_and_business/m_and_a/BASF-completes-tender-offer-for-Verenium_56350.html
October 30, 2013
DuPont’s July 2013 announcement that it would explore strategic options for its $7-billion/year performance chemicals business unit, as part of its transformation to a “higher growth, less cyclical company,” is a bold, but necessary, strategic move by company leadership, according to new analysis by IHS Chemical. DuPont announced last week that it would spin off the company within 18 months. The move, IHS says, allows DuPont to refocus its resources on core businesses in agriculture and nutrition, as well as biobased and advanced materials, where DuPont has a carved a scientific niche, and businesses that offer both higher margin potential and a more consistent revenue stream....
http://www.chemweek.com/people_and_business/m_and_a/IHS-Chemical-DuPont-spinoff-represents-next-step-in-its-strategic-transformation-into-a-more-stable-growth-company_56331.html
October 30, 2013
Mexico’s federal competition commission has denied Sherwin-Williams’ (SW) appeal of its ruling blocking the acquisition of Comex, the company says. Comex, which recorded...
http://www.chemweek.com/people_and_business/m_and_a/Mexicos-antitrust-authority-denies-Sherwin-Williams-acquisition-appeal_56317.html
October 30, 2013
Sunil Kumar, former president and CEO of International Specialty Products (ISP), has teamed up with his daughter, Monica Kumar, to acquire Nylon Corp. of America (Nycoa; Manchester, NH). Terms of the deal were not released....
http://www.chemweek.com/people_and_business/m_and_a/Sunil-Kumar-acquires-second-plastics-firm-Nycoa_56286.html
October 28, 2013
CF Industries (Deerfield, IL) announced today that it is selling its phosphates mining and manufacturing business to Mosaic for $1.4 billion in cash—which includes $200 million...
http://www.chemweek.com/people_and_business/m_and_a/Mosaic-acquires-CF-Industries-phosphates-business-for-$1-4-billion_56246.html
October 25, 2013
Grupa Azoty (Tarnów, Poland) is interested in buying Anwil's (Włocławek, Poland) fertilizer assets, according to local financial paper Puls Biznesu. Talks are being held...
http://www.chemweek.com/people_and_business/m_and_a/Reports-Grupa-Azoty-mulling-fertilizer-acquisitions_56148.html
October 23, 2013
Novozymes has acquired Allopartis Biotechnologies (San Francisco) from CalCEF Clean Energy Angel Fund I (San Francisco) for an undisclosed sum. Allopartis, founded in 2008...
http://www.chemweek.com/people_and_business/m_and_a/Novozymes-acquires-Allopartis-Biotechnologies_55883.html
October 23, 2013
Methanex (Vancouver) on 22 October announced plans to sell a 10% equity share in Egyptian Methanex Methanol Company (EMethanex) to Arab Petroleum Investments Corp. (Apicorp; Dammam, Saudi Arabia) for $110 million. The deal, which is expected to close later this year, will increase Apicorp’s share of the joint venture to 17%, while Methanex will retain just over 50%....
http://www.chemweek.com/people_and_business/m_and_a/Methanex-to-sell-10-percent-share-of-Egyptian-jv-to-Apicorp-for-$110-million_56100.html
October 23, 2013
Consumer goods group Reckitt Benckiser (Slough, UK) is looking at options for its pharmaceuticals business, the company said on Tuesday. “We are commencing a strategic review of...
http://www.chemweek.com/people_and_business/m_and_a/Reckitt-Benckiser-likely-to-sell-pharma-business_56114.html
October 23, 2013
Solvay has reached an agreement to acquire a financial interest in Aonix Advanced Materials (Ottawa, ON), a developer of advanced composite materials and manufacturing systems. Solvay...
http://www.chemweek.com/people_and_business/m_and_a/Solvay-to-acquire-stake-in-Canadian-thermoplastic-composites-firm_56108.html
October 21, 2013
ISEM, a 50-50 joint venture between Chemtura Netherlands and Isagro (Milan), has announced the sale of its orthosulfamuron systemic herbicide to Nihon Nohyaku (Tokyo). The sale...
http://www.chemweek.com/people_and_business/m_and_a/Chemtura-Isagro-JV-sells-herbicide-business-to-Nihon-Nohyaku_56060.html
October 21, 2013
Shiseido (Tokyo), a leading cosmetics player, says it is in exclusive talks with L’Oreal to sell its Carita International (Paris) and Laboratories Decléor (Paris)...
http://www.chemweek.com/people_and_business/m_and_a/LOreal-in-exclusive-talks-to-buy-two-businesses-from-Shiseido_56059.html
October 18, 2013
Altana (Wesel, Germany) says it has acquired the European business for waterborne and UV overprint varnishes of Valspar (France). The business had sales of less than €8 million...
http://www.chemweek.com/people_and_business/m_and_a/Altana-acquires-Valspars-overprints-varnishes-business_56032.html
October 17, 2013
DuPont plans to sell its cyanide business and has hired investment bank Morgan Stanley to run the sales process, according to recent Reuters report. Cyanide is commonly used in gold...
http://www.chemweek.com/people_and_business/m_and_a/Report-DuPont-plans-sale-of-cyanide-business_49449.html
October 16, 2013
International Fiber Corporation (IFC; North Tonawanda, NY) says it has acquired Fibred (Cumberland, MD), a maker of dietary soy fiber for foodstuffs. Fibred’s products go into...
http://www.chemweek.com/people_and_business/m_and_a/Arsenal-Capitals-IFC-buys-soy-fibers-firm_55983.html
October 14, 2013
Platform expects to complete a listing of the acquired business on the New York Stock Exchange (NYSE) by the end of 2013...
http://www.chemweek.com/people_and_business/m_and_a/Platform-Holdings-to-acquire-MacDermid-for-$1-8-billion-updated_55884.html
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