W.R. Grace says it has reorganized its businesses into three operating segments—Catalysts Technologies, Grace Materials Technologies and Grace Construction Products—to better align itself with the markets it serves, gain operational efficiencies...
FMC says it has signed an exclusive distribution and development agreement with Consumo em Verde (CEV) Biotecnologia das Plantas, S.A. (Lisbon, Portugal) for the fungicidal active ingredient Blad. Under the terms of the deal, FMC Agricultural Products Group...
Hunstman Corp. has appointed Jon Huntsman Jr. to its board effective February 1. Huntsman Jr. previously served as vice chairman and executive committee member of Huntsman between 1993 and 2001. Huntsman Jr. was recently was a candidate for the Republican...
Mexichem (Tlalnepantla, Mexico) says it has agreed to acquire 100% of Wavin (Zwolle, the Netherlands) for approximately €531 million ($704 million). Mexichem intends to make a cash offer of €10.50 per Wavin ordinary share. The offer represents...
3M has named Inge Thulin president and CEO, effective February 24. He succeeds George Buckley, who will retire on June 1. Thulin is currently 3M’s COO, a position...
Sabic Innovative Plastics (Sabic-IP; Pittsfield, MA) says it has opened a new pilot facility at Mt. Vernon, IN for chemistry and process development for its high performance polymers (HPP) sold under the trade name Ultem, Siltem and Extem. The facility will...
Compass Minerals reported fourth-quarter net income of $43.9 million, down 28% from the year-ago quarter, on losses caused by a tornado that struck the company’s salt mine and salt evaporation plant at Goderich, ON, in August. Excluding the estimated...
Indorama Ventures (Bangkok) says it will acquire the chemical assets of Old World Industries (Northbrook, IL), including its production facility located at Clear Lake, TX, for $795 million. Old World will retain its consumer products division, including Peak antifreeze. As part of the purchase agreement, Old World will enter into a long-term glycol supply contract with Indorama for its antifreeze production in the U.S....
Cambrex (East Rutherford, NJ) reported an 84% fall in net profits for the fourth quarter ended December 31, 2011, compared with the year-ago quarter, to $741,000. Net sales for the quarter increased 5.3%, to $66.58 million. For the full year 2011, net profits...
Dow AgroSciences and drug discovery services firm BioDuro (Wilmington, NC) say they have signed a three-year discovery research agreement to generate novel molecules for synthesizing...
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