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EUROPE

Sika minority holders try to block Saint-Gobain takeover as family seeks to oust directors

8:30 AM MST | December 24, 2014 | Natasha Alperowicz

A group of 12 minority shareholders on Tuesday launched a last-ditch attempt to prevent the French group Saint-Gobain from buying the family-controlled Swiss building chemicals group Sika without making a bid for the whole company. The group, which holds less...


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Reckitt Benckiser completes pharma demerger

Reckitt Benckiser (RB), a leading global consumer health and hygiene company, said that it has completed the demerger of its specialty pharmaceuticals business Indivior. Indivior shares started trading on the London Stock Exchange on Tuesday, ending 19.9% up...

Merck KGaA receives US antitrust clearance for acquisition of Sigma-Aldrich for $17 billion

Merck KGaA (Darmstadt, Germany) and life science company Sigma-Aldrich (St. Louis) today announced that Merck has obtained antitrust clearance from the US FTC for its previously announced planned acquisition of Sigma-Aldrich. Merck announced in September that...

Procter & Gamble sells Camay and Zest brands to Unilever

Procter & Gamble (P&G) said on Monday that it has agreed to sell its Camay and Zest soap brands along with transferring a manufacturing facility in Mexico to Unilever for an undisclosed sum. The transaction is expected to close during the first half...

Frutarom acquires Slovenia-based firm Vitiva

Flavors and fine ingredients company Frutarom Industries (Haifa, Israel) says that it has signed an agreement to purchase the shares of Vitiva (Markovci, Slovenia) for about $10.0 million. Vitiva specializes in the R&D, production, and marketing of...

DSM to sell Euroresins distribution business to Cathay Investments

DSM says that it has reached agreement with Cathay Investments (Sutton, UK) for the sale of DSM’s Euroresins business. Euroresins is a distributor of products to the composite resins industry with activities in nine countries in Europe, including...

Brenntag to acquire chemicals distributor in Sweden

Brenntag says that it has signed an agreement to acquire chemicals distributor Fred Holmberg & Co. (Malmö, Sweden). Financial details of the deal have not been disclosed. Fred Holmberg is focused on the distribution of organic and inorganic chemicals...

Chemicals output increases 1.9% in France in 2014, similar growth expected next year

Production of chemicals, including pharmaceuticals, increased 1.9% in France, in volume terms during 2014 and is expected to grow by a similar magnitude in 2015, industry association UIC (Paris) says. That compares with chemical output growth of 1.3% in...

Altana acquires two companies in Brazil

Altana (Wesel, Germany) says that it has acquired two companies—Premiata and Overlake—that are headquartered in the state of São Paulo, Brazil. Premiata, which operates two facilities, specializes in printing inks and coatings for the...

Uralkali advances construction of new potash mine following flooding at Solikamsk 2

Uralkali (Berezniki, Russia), one of the world’s largest potash producers, said today that it has completed the first stage of the sinking of the Ust Yayvinsky Mine. The mine is situated within the Verkhnekamskoye potash deposit. Uralkali says that...

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