Chemical Industry Weekly News Round-Up, July 6

 

Linde has acquired Lincare Holdings, a U.S. based homecare health company, for $4.6 billion, or $41.50/share. Lincare had $1.84 billion in revenue during 2011.

 

Eastman has closed on its $4.8 billion acquisition of Solutia, which was announced in January.

 

Arkema has exited the PVC business, selling its business in that area to private equity firm Klesch Group, which will form a new company called Kem One.

 

BASF is planning to build a butadiene plant at Antwerp with a capacity of 155,000 m.t./year.

 

 

Shell and BASF must put $382 million into a fund to compensate workers who say they were contaminated at an agricultural chemical plant in Brazil, in the Washington Post.

 

June’s U.S. jobs number was disappointing, and it has, predictably, been spun in a variety of different ways, in NPR’s It’s All Politics.

Comment on This Story