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March 14, 2014
Bayer MaterialScience (BMS) says it has acquired DuPont’s Baytown, TX, aniline production plant. Financial terms have not been disclosed. Aniline is a key feedstock used to...
http://www.chemweek.com/sections/business_finance/usa_americas/Bayer-MaterialScience-buys-DuPonts-Baytown-aniline-plant_59551.html
March 14, 2014
Gary Kubera, president, CEO, and director of Canexus (Calgary, AB), has resigned, effective immediately, the company announced on 6 March. The move follows news that the company’s...
http://www.chemweek.com/sections/business_finance/usa_americas/Canexus-CEO-resigns-amid-cost-overrun-share-decline_59552.html
March 14, 2014
Sensient Technologies has announced plans for further restructuring to improve profitability and margins in its flavors and fragances segment....
http://www.chemweek.com/sections/business_finance/usa_americas/Sensient-plans-further-flavors-restructuring-share-buyback_59553.html
March 14, 2014
Shareholder activism in the chemical industry should continue as the economic climate improves and companies maintain large amounts of cash, according to a report by credit rating...
http://www.chemweek.com/sections/business_finance/usa_americas/Moodys-Cash-balances-feedstock-advantage-spur-activism_59555.html
March 14, 2014
Minerals Technologies Inc. (MTI) has reached an agreement to buy Amcol (Hoffman Estates, IL) for about $1.7 billion, or $45.75/share in cash, outbidding Imerys....
http://www.chemweek.com/sections/business_finance/usa_americas/Minerals-Technologies-wins-bidding-for-Amcol_59556.html
March 14, 2014
Evonik Industries has acquired Silbond (Weston, MI), a leading supplier of silicic acid esters. The purchase price was in the mid-double-digit million-euro range. Silicic acid esters...
http://www.chemweek.com/sections/business_finance/usa_americas/Evonik-acquires-Silbond-a-producer-of-silicic-acid-esters_59557.html
March 14, 2014
Dow Chemical says it will build an R&D facility at Lake Jackson, TX, near to the company’s largest manufacturing site, at Freeport, TX. The center will replace several of the...
http://www.chemweek.com/sections/business_finance/usa_americas/Dow-to-build-R-and-D-facility-in-Texas_59578.html
March 14, 2014
Edge Adhesives (Fort Worth, TX) has been sold to private equity firms Akoya Capital Partners (Chicago) and Gladstone Investment (McLean, VA), the companies say. Edge’s previous...
http://www.chemweek.com/sections/business_finance/usa_americas/Edge-Adhesives-changes-private-equity-owners_59579.html
March 14, 2014
One Equity Partners (New York) has closed on its $200-million purchase of FMC’s hydrogen peroxide (H2O2) business, renaming it PeroxyChem. PeroxyChem's main markets are large...
http://www.chemweek.com/sections/business_finance/usa_americas/One-Equity-closes-on-purchase-of-FMCs-peroxygens-business_59580.html
March 14, 2014
Ecolab has announced the acquisition of AK Kraus & Hiller Schädlingsbekämpfung (Allershausen, Germany). Kraus & Hiller had annual sales of approximately $4 million and is one...
http://www.chemweek.com/sections/business_finance/usa_americas/Ecolab-acquires-pest-firm_59569.html
March 14, 2014
Ashland says it will close its unsaturated polyester resin (UPR) and gelcoats manufacturing plant at Kelowna, BC, effective 27 June. Six other sites in North America will continue to...
http://www.chemweek.com/sections/business_finance/usa_americas/Ashland-shuts-UPR-gelcoats-plant_59570.html
March 14, 2014
Cytec Industries says it has opened an expanded office and lab facility for mining chemicals at Santiago. The facility houses sales, technical service, and support experts. “The...
http://www.chemweek.com/sections/business_finance/usa_americas/Cytec-opens-mining-R-and-D-center_59571.html
March 14, 2014
AkzoNobel says it has completed an expansion of its industrial coatings site at Songjiang, near Shanghai, doubling capacity and creating the company’s largest plant for packaging...
http://www.chemweek.com/sections/business_finance/usa_americas/AkzoNobel-ups-China-capacity_59572.html
March 14, 2014
Brazil’s demand for chemical products grew 7.1% in 2013, exceeding GDP growth, 2.3%, during the same period, according to figures released by Abiquim (São Paulo), the country’s...
http://www.chemweek.com/sections/business_finance/usa_americas/Brazils-demand-outpaces-production-as-imports-swell_59576.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/sections/business_finance/usa_americas/Ecolab-acquires-pest-elimination-company-in-Germany_59292.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/sections/business_finance/usa_americas/Axalta-Coating-Systems-to-invest-$60-million-in-waterborne-coatings-Germany_59250.html
February 28, 2014

Favorable demand and market conditions helped lead chemical M&A activity higher in 2013 with indications that gains will continue in 2014, says one industry banker.

...

http://www.chemweek.com/sections/business_finance/usa_americas/M-and-A-strength-seen-in-2013-expected-to-continue_59185.html
February 28, 2014
Styrolution, the equally owned styrenics joint venture of BASF and Ineos, says it plans to mothball its 150,000-m.t./year polystyrene (PS) plant at Indian Orchard, MA, by the end of the year. Styrolution also plans to expand its high-performance transparent styrenics by adding production in Europe....
http://www.chemweek.com/sections/business_finance/usa_americas/Styrolution-to-shut-US-PS-unit-expand-NAS_59167.html
February 28, 2014
Late-reporting specialty chemical companies report mixed fourth-quarter results. Ecolab slightly missed analysts’ estimates even as income rose on strong results in the company’s energy segment. Chemtura’s earnings beat estimates but fell year-on-year (YOY) on weakness in flame retardants and organometallics. Taminco’s loss narrowed on margin....
http://www.chemweek.com/sections/business_finance/usa_americas/Late-specialty-earnings-mixed_59179.html
February 28, 2014
Eastman Chemical announced on 25 February that it will debottleneck carboxylic acid plants at its Longview, TX, and Kingsport, TN, facilities. The additional capacity is expected to be...
http://www.chemweek.com/sections/business_finance/usa_americas/Eastman-plans-carboxylic-acids-expansion-$1-billion-share-buyback_59180.html
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