IHS Chemical Week

Ginkgo Bioworks acquires Gen9

January 23, 2017 | Rebecca Coons

Strain engineering firm Ginkgo Bioworks (Boston, Massachusetts) has acquired acquisition Gen9 (Cambridge, Massachusetts), a pioneer in the synthesis and assembly of DNA. Financial terms have not been disclosed. The acquisition will combine Gen9's expertise in...

SABIC buys Shell out of Sadaf petrochemical JV in Saudi Arabia for $820 million

January 22, 2017 | Natasha Alperowicz

Shell and Sabic have announced that they have signed an agreement for SABIC to acquire Shell's 50% stake in Saudi Petrochemical Co. (Sadaf), a petrochemical joint venture located at Al-Jubail, Saudi Arabia....

Berry Plastics completes AEP acquisition

January 20, 2017 | Jing Chen

Berry Plastics said Friday that it has completed its previously-announced acquisition of AEP Industries Inc. (Montvale, New Jersey) in a deal worth about $765 million including debt. Berry issued 6.5 million common shares and paid $297 million as merger...

Air Products details $1.4-billion bid for Yingde

January 20, 2017 | Jing Chen

Air Products on Friday released some terms of its proposal to acquire Yingde Gases Group, after initially confirming its interest in an acquisition on 9 January. In the proposal letter—which does not constitute a definitive offer...

PPG acquires Chinese automotive refinish coatings company

January 20, 2017 | Jing Chen

PPG Industries says it acquired certain assets of automotive refinish coatings company Futian Xinshi (Futian, China). Financial terms have not been disclosed. A privately owned company based in China's Guangdong Province, Futian Xinshi had approximately $15...

Tech Air acquires Gasco

January 20, 2017 | Michael Ravenscroft

Tech Air, a distributor of industrial, medical, and specialty gases and related equipment and supplies, says it has completed the acquisition of Gasco Affiliates. Tech Air is owned by CI Capital Partners and Tech Air management. Gasco, founded in 1999, is a...

Lotte Chemical bids to acquire Jurong Aromatics

January 19, 2017 | Natasha Alperowicz

Lotte Chemical, one of South Korea's largest petrochemical producers, has submitted a bid to acquire Jurong Aromatics Corp., a major aromatics producer....

Evonik invests in US nanotech start-up producing engine oil additives

January 18, 2017 | Francinia Protti-Alvarez

Evonik Venture Capital (Hanau, Germany), the venture capital arm of Evonik Industries, has invested in Nanotech Industrial Solutions (NIS; Avenel, New Jersey) and now holds a minority share in the company. Evonik has also gained a seat on the NIS board. The...

TechnipFMC starts trading on NYSE and Euronext

January 18, 2017 | Francinia Protti-Alvarez

TechnipFMC (Paris, France) is operating as a unified, combined company following completion of the merger between FMC Technologies (Houston, Texas) and Technip. TechnipFMC begins trading today on the New York Stock Exchange and Euronext Paris Stock Exchange...

RPM acquires infrastructure chemical business to be operated under UK subsidiary

January 18, 2017 | Francinia Protti-Alvarez

RPM International has acquired Prime Resins (Conyers, Georgia), a manufacturer of infrastructure chemicals and equipment. Terms of the transaction, which is expected to be accretive to earnings within one year, have not been disclosed. Prime Resins has annual...

Givaudan acquires flavors company Activ International

January 17, 2017 | Natasha Alperowicz

Givaudan said Tuesday it has acquired Activ International (Bienne, Switzerland), a company that provides natural and organic flavors, marine extracts, seafood, and vegetable-based culinary products....

Bayer promises Trump jobs ahead of antitrust review

January 17, 2017 | Rebecca Coons

Bayer confirms it has pledged to add American jobs and invest billions in research at US sites during a recent meeting with President-elect Donald Trump over Bayer’s planned acquisition of seed giant Monsanto....

Noble Energy triples Southern Delaware acreage with $2.7-billion acquisition

January 17, 2017 | Clay Boswell

Noble Energy (Houston) has agreed to acquire Clayton Williams Energy (Midland, Texas) for $2.7 billion in stock and cash. The deal, which is expected to close in the second quarter, nearly triples the company's holdings in the Southern Delaware Basin...

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