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People & Business :: Companies
Chemical Industry Weekly News Round-Up, Dec. 16
3:07 PM MST | December 16, 2011 | Vincent Valk
This Week on CW: Private equity firm Apollo Global Management has agreed to acquire alkylamines maker Taminco from CVC Capital Partners, another private equity firm, for $1.5 billion. Apollo beat out four other private equity firms, including Styron owner Bain Capital, in an auction for Taminco that was launched in September. At GPCA Forum this week in Dubai, industry leaders said they expect the Middle Eastern chemical industry to grow by 6.6% a year over the next five years. That’s down from 10.8% average annual growth from 2005 to 2010...
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