IHS Chemical Week
SPECIALTY CHEMICALS

PPG acquires wood stain and paint additives maker in Australia

9:47 AM MDT | March 31, 2015 | Vincent Valk

PPG Industries has acquired Flood Australia (Padstow, Australia), a maker of wood stains and paint additives for consumer, commercial, and industrial applications. Financial terms of the deal, including purchase price, were not disclosed. Flood’s...


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Carlyle to sell additional Axalta shares

Private equity firm The Carlyle Group (Washington, DC) has announced it is selling 35 million shares in Axalta in a secondary offering. The exact timing and price of the offering have not been disclosed. Carlyle currently owns about 74.1% of Axalta, and will...

Momentive Performance Materials Ebitda rises after bankruptcy

Momentive Performance Materials (MPM) today reported fourth-quarter net sales of $603 million, down 2% year-on-year (YOY), with segment Ebitda totaling $61 million, up 17%. The company reports a net gain of nearly $2 billion due to restructuring items, since...

Shiseido to set up innovation center at Yokohama

Shiseido (Tokyo), a leading cosmetics player, said today that it will establish a new research facility at Yokohama, Japan. On 26 March, the city granted Shiseido permission to acquire land for the new center in the Yokohama Minato Mirai 21 District. The...

H.B. Fuller earnings fall on currency, full-year guidance reaffirmed

H.B. Fuller has reported fiscal first-quarter net income down 34% year-on-year (YOY), to $9.7 million, or 19 cts/share, on net revenue down 3.2%, to $470.7 million. Adjusted earnings fell 39% YOY, to 30 cts/share. Revenues fell largely because of negative...

BASF to expand effect pigments capacity in Germany

BASF said today that it will expand its Paliocrom effect pigments capacity at Ludwigshafen by more than 20% by 2017. The investment will enable the company to meet growing demand for its aluminum-based effect pigments in the automotive coatings sector. The...

Firmenich taps Unilever for chief research officer

Flavors and fragrances firm Firmenich (Geneva) has appointed Geneviève Berger as chief research officer, effective 1 July. She will report directly to the CEO, Gilbert Ghostine. Berger most recently served as chief research and development officer at...

METabolic EXplorer increases sales, operating income; reduces net loss

Biological chemistry firm METabolic EXplorer (Metex; Clermont-Ferrand, France) has announced that revenues rose to €3.7 million ($4.04 million) in 2014, up from €700,000 in 2013. Operating income also increased, from €1.2 million in 2013 to...

Altana acheives double-digit sales and Ebitda growth in 2014

Altana (Wesel, Germany) announced today sales of €1.95 billion ($2.09 billion) in full-year 2014 compared with sales of €1.77 billion in 2013, an increase of 11% year-on-year (YOY). The company achieved Ebitda of €397 million versus €336...

SK Capital's Addivant names John Steitz CEO

Antioxidants maker Addivant, which is owned by private equity firm SK Capital (New York), today named John Steitz CEO. Steitz was most recently COO at PQ Corporation, and has also served as COO of Albemarle and CEO of Avantor Performance Materials. Steitz...

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