IHS Chemical Week


Specialty Chemical Roundup, May 19-25

4:15 AM MDT | May 26, 2011 | By KERRI WALSH

M&A continues in the specialty chemical sector because of companies' needs to expand their positions in emerging markets as well as technologies in core businesses to keep pace with larger, global firms.  Sigma-Aldrich has acquired Vetec Quimica Fina (Xerem, Brazil) to broaden its distribution channel in Latin America. Vetec provides technical qualification, purification, and packaging of high-quality chemicals to the laboratory and manufacturing market. Financial terms of the deal were not disclosed. The deal is part of Sigma-Aldrich's strategy to continue building a presence in the emerging markets and localizes Sigma's supply chain. Altana has agreed to acquire the Color Chemie Group (Budingen, Germany), a maker of water-based specialty printing inks and offers related services to its customers. Color Chemie’s printing inks are primarily used for packaging boxes, but can also be used on foils, carrier bags, gift-wrapping papers, and wallpapers. Financial terms of the deal were not disclosed. Color Chemie reported sales of €46 million ($66 million) last year, and employed about 150 workers. The company has production sites at Budingen and Bonn, Germany, as well as in Austria, France and Poland. Color Chemie will be integrated into the ALTANA division ACTEGA Coatings & Sealants. 

Chemtura says it has signed a letter of intent to source bromine from Archean Group (Chennai, India). The deal secures bromine for Chemtura to respond to global customer demand from a cost-competitive, robust and consistent Indian supply position. This alliance will build upon Archean’s marine chemical facility at Gujarat, which produces potash. The deal will extend to a joint venture leveraging Great Lakes Solutions’ technology strength in bromine and brominated derivatives and Archean’s premier reputation for maximizing the use of available resources. Chemtura's main competitor in the bromine market, Albemarle, has secured or is in the position of securing supply in emerging markets. 

RPM International has announced plans to sell $150 million newly-issued debt. The debt will carry an interest rate of 6.125% and mature in October 2019. The notes are a part of a $300 million issuance, the first half of which was sold in October 2009. The deal is expected to close on May 27, with $162 million in proceeds going to RPM. Moody's Investors Service (New York) has rated the debt 'Baa3.' 

H.B. Fuller says it has opened its manufacturing plant at Nanjing, China. The plant is the first multinational reactive adhesives plant in China and is located in the Nanjing Chemical Industrial Park, the company says. The facility will produce urethanes and other reactive chemistries for customers in the construction, filter, flexible packaging, solar, textile, window and woodworking markets. Fuller is currently building a $12-million adhesives plant at Pune, India scheduled to come on stream in August of this year. The capacity will supply the local market. The investments are in line with adhesives and sealants producers' need to expand in emerging markets where growth rates are far greater than in the U.S. and Europe. 

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