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March 4, 2014
Evonik Industries said today that it has acquired Silbond Corporation (Weston, MI), a leading supplier of silicic acid esters. The transaction, with a purchase price in the...
http://www.chemweek.com/regions/north_america/us/Evonik-acquires-Silbond-a-producer-of-silicic-acid-esters_59303.html
March 4, 2014
Amcol announced today that it has approved a revised bid from Imerys, valuing the company at $45.25/share. The announcement comes the day after Minerals Technologies (MTI) submitted a...
http://www.chemweek.com/regions/north_america/us/Amcol-and-Imerys-agree-to-amended-$45-25share-merger_59325.html
March 4, 2014
Sensient Technologies announced today that it is initiating a new restructuring program, which will consolidate manufacturing plants and “eliminate underperforming...
http://www.chemweek.com/regions/north_america/us/Sensient-announces-further-restructuring-raises-dividend_59323.html
March 4, 2014
Airgas announced today that it has acquired Welding &Therapy Service Inc. (Louisville, KY), an industrial and medial gas and welding supply distributor. The company has five...
http://www.chemweek.com/regions/north_america/us/Airgas-acquires-Kentucky-medical-gas-and-welding-distributor_59309.html
March 4, 2014
BASF has signed an agreement to divest PolyAd Services (Earth City, MO), part of BASF's plastic additives business unit, to private equity firm Edgewater Capital Partners (Cleveland...
http://www.chemweek.com/regions/north_america/us/BASF-divests-plastic-additives-unit-PolyAd-to-private-equity-firm_59311.html
March 4, 2014
Williams Partners (Tulsa, OK) has completed the acquisition of Williams's in-service operations in Alberta, Canada, for $1.2 billion. The partnership announced the agreement on 26 February....
http://www.chemweek.com/regions/north_america/us/Williams-Partners-completes-Alberta-acquisition_59307.html
March 4, 2014
Essential Ingredients (Lawrenceville, GA), a sales and marketer of personal care, household, and industrial (HI&I) products, says it has been chosen by SE Tylose USA (Itasca, IL)...
http://www.chemweek.com/regions/north_america/us/Cellulose-ether-firm-selects-Essential-Ingredients-for-marketing_59271.html
March 4, 2014
Ecolab has announced the acquisition of AK Kraus & Hiller Schädlingsbekämpfung (Allershausen, Germany). Kraus & Hiller had annual sales of approximately $4...
http://www.chemweek.com/regions/north_america/us/Ecolab-acquires-pest-elimination-company-in-Germany_59292.html
March 3, 2014
PPG has closed its acquisition of Hi-Temp Coatings Technology (Boxborough, MA), a maker of high-heat resistant industrial coatings, the company says. Financial terms of the deal, which...
http://www.chemweek.com/regions/north_america/us/PPG-closes-heat-resistant-coatings-deal_59276.html
March 3, 2014
FMC announced today that it has closed the $200-million sale of its hydrogen peroxide business to private equity firm One Equity Partners (New York), the private equity arm of...
http://www.chemweek.com/regions/north_america/us/FMC-closes-hydrogen-peroxide-unit-sale_59275.html
March 3, 2014
Rockwood Holdings today announced its fourth-quarter results—up on improved surface treatment and lithium, as well as lower interest expenses. However, net income of $14.8...
http://www.chemweek.com/regions/north_america/us/Rockwood-sales-up-on-surface-treatment-improvement_59269.html
March 3, 2014
Solvay has retained Credit Suisse to find a buyer for Eco-Services, the company's sulfuric acid regeneration business, according to a Reuters report. The company announced last week...
http://www.chemweek.com/regions/north_america/us/Report-Solvay-hires-Credit-Suisse-for-possible-Eco-Services-sale_59260.html
March 3, 2014
Toray Industries says it has completed the previously announced acquisition of the entire stake in Zoltek (St. Louis), a company that manufactures and sells large-tow carbon fibers...
http://www.chemweek.com/regions/north_america/us/Toray-completes-acquisitions-of-US-carbon-fiber-firm-Zoltek-and-South-Korean-firm-Woongjin-Chemical_59257.html
March 2, 2014
Axalta Coating Systems (Philadelphia), the former coatings operations of DuPont, says it is to invest $60 million to build a next-generation plant to expand its production capacity of...
http://www.chemweek.com/regions/north_america/us/Axalta-Coating-Systems-to-invest-$60-million-in-waterborne-coatings-Germany_59250.html
February 28, 2014
House Energy and Commerce Environment and the Economy Subcommittee chairman John Shimkus (R., IL) unveiled draft legislation to update the Toxic Substances Control Act (TSCA). Shimkus says in a statement that the bill is a discussion draft and “keys off a bipartisan bill [Chemical Safety Improvement Act (CSIA)] introduced in the Senate.”...
http://www.chemweek.com/regions/north_america/us/House-introduces-draft-TSCA-reform-bill_59233.html
February 28, 2014
Calumet Specialty Products announced today that it has acquired United Petroleum Company (Gilbert, AZ), the producer of Quantum-brand lubricants. Calumet calls Quantum, which was...
http://www.chemweek.com/regions/north_america/us/Calumet-Specialty-Products-buys-lubricants-maker_59246.html
February 28, 2014
Evonik Industries says it plans to invest more than $15 million in a new business and innovation center at Richmond, VA, and create an estimated 50 jobs over the next five years...
http://www.chemweek.com/regions/north_america/us/Evonik-to-build-research-center-at-Richmond-VA_59218.html
February 28, 2014
Henkel has signed an alliance with CMS Technology (Danbury, CT), a packaging technology developer, to create food-safe antimicrobial additives for packaging, the company says. CMS owns...
http://www.chemweek.com/regions/north_america/us/Henkel-signs-antimicrobial-packaging-alliance_59236.html
February 28, 2014
Tronox reports a net loss of $3 million, narrower than the $97 million loss reported in the same quarter last year. Earnings per share were at a loss of 6 cts/share—slightly...
http://www.chemweek.com/regions/north_america/us/Tronox-reports-tighter-net-loss-stabilizing-pigment-market_59150.html
February 28, 2014
LSB Industries (Oklahoma City) reports net income of $37.3 million for the fourth quarter of 2013, up more than three-fold year-over-year (YOY) from $11.6 million. Earnings per share totaled $1.58. Net sales fell 16% YOY, to $149 million, mainly the result of unplanned downtime at the company’s Pryor, OK, ammonia plant....
http://www.chemweek.com/regions/north_america/us/LSB-sales-down-earnings-up-on-insurance-recovery_59177.html
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