IHS Chemical Week
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Asian Paints signs agreement to acquire Ethiopian firm, plans to invest in Indonesia

4:51 AM MDT | October 23, 2014 | Natasha Alperowicz

Asian Paints (Mumbai) said on Wednesday that its wholly owned subsidiary Berger International (Singapore) has signed a definitive agreement to acquire a 51% stake in the Ethiopian firm Kadisco Paint and Adhesive Industry (Addis Ababa), formerly known as...


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Report: Private equity firms eyeing Bayer MaterialScience

Private equity firms are mulling possible offers for Bayer MaterialScience (BMS), the German life science company’s major polyurethanes and polycarbonates business, according to a report on Reuters, citing sources familiar with the situation. Analysts...

AkzoNobel sells stake in Eka Synthomer to partner, exits paper chemicals

AkzoNobel today announced a €5 million ($6.3 million) divestment of its 50% share in Eka Synthomer, to Synthomer. The divestment follows a strategic review of businesses within AkzoNobel’s portfolio. "Following an earlier announcement about...

OCI to sell stake in water treatment chemicals producer OCI-SNF

OCI (Seoul) said today that it is to sell its entire stake in the OCI-SNF (Seoul) joint venture for 95.7 billion South Korean won ($89.9 million). OCI-SNF produces and markets water treatment and paper-making chemicals containing organic polymer flocculants...

BASF to sell global textile chemicals business to Archroma

BASF says that it has agreed to sell its global textile chemicals business to Archroma (Reinach, Switzerland), a supplier of specialty chemicals to the textile, paper, and emulsions industries. Financial details of the deal have not been disclosed. The...

Private equity firm buys stake in distributor Biesterfeld

Private equity firm Hannover Finanz Group (Hannover, Germany) has agreed to acquire a 28.6% stake in family-controlled plastics and specialty chemicals distributor Biesterfeld (Hamburg). Financial terms of the transaction, which requires approval from the...

AbbVie and Shire terminate $51-billion deal

Shire (Dublin) says that its board has agreed with AbbVie (Chicago) to terminate their previously announced agreement for the acquisition of Shire. AbbVie announced in July that it will acquire Shire for £32 billion ($51 billion). Last week...

Celanese acquires Cool Polymers

Celanese has acquired Cool Polymers (North Kingstown, RI), a compounder of conductive polymers. Celanese says the acquisition will expand its position in light-emitting diodes (LEDs), thermal management and electrical conductivity. Terms of the deal were not disclosed....

PPG to acquire paint distributor Westmoreland Supply

PPG says it has agreed to acquire Westmoreland Supply (Greensburg, PA), an owner of 12 paint stores in western Pennsylvania and West Virginia, for an undisclosed sum. Westmoreland’s stores will be integrated into PPG’s network of 900 stores in...

Platform to acquire Arysta for $3.5 billion

Platform Specialty Products has agreed to acquire Arysta LifeScience, a maker of agrochemical and biological products, from private equity firm Permira for approximately $3.51 billion. The news confirms reports earlier this month that Platform was in advanced...

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