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Westlake closes €490-million Vinnolit acquisition

9:31 AM MDT | July 31, 2014 | Francinia Protti-Alvarez

Westlake Chemical has closed the previously announced €490-million ($656.5 million) acquisition of polyvinyl chloride (PVC) manufacturer Vinnolit Holdings (Ismaning, Germany) and its subsidiary companies, from private equity firm Advent International...


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Solvay to sell Eco Services sulfuric acid business to CCMP Capital Advisors

Solvay says it has signed a binding agreement to sell its US-based sulfuric acid virgin production and regeneration business Eco Services to CCMP Capital Advisors, following a bidding process.  The transaction terms correspond to an enterprise value of...

Portuguese firm acquires La Seda's PET assets in Italy

 Selenis (Portalegre, Portugal) a subsidiary of Control PET (Santo Tirso, Portugal) has acquired Artenius Italia, the last remaining polyethylene terephthalate (PET)  production company of La Seda de Barcelona (El Prat de Llobregat, Spain), La Seda...

Cargill acquires Mosaic's salt production in Michigan

Cargill has completed the acquisition of Mosaic's salt production business at Hersey, MI, Cargill says. Financial terms of the agreement were not disclosed. In November 2013, Mosaic announced it would stop producing potash at Hersey and sell the plant as a...

Hitachi Chemical to raise stake in CSB Battery, reports higher revenues

Hitachi Chemical (Tokyo) says it has signed a letter of intent with Chau-Hai Chen Group (Taipei) to raise its stake in CSB Battery (Taipei), a producer of lead-acid batteries, by 26%. Hitachi Chemical, through its wholly owned subsidiary Shin-Kobe Electric...

Total sells South African coal mining assets

Total announced today that it has signed an agreement with Exxaro Resources (Pretoria) to sell its 100% stake in Total Coal South Africa (TCSA), its coal-producing affiliate in South Africa, for $472 million. The sale is subject South African authorities'...

Biofuels firm Leaf Technologies acquires biotechnology start-up

Lesaffre Fermentation Technologies (Leaf Technologies; Marcq-en-Baroeul, France), a subsidiary of Lesaffre Group (Marcq-en-Baroeul) has acquired Butalco (Fürigen, Switzerland), a company that develops new production processes for second-generation...

Reckitt Benckiser to spin off pharmaceuticals business

Following a strategic review announced last October, Consumer goods group Reckitt Benckiser (RB; Slough, UK) said today that it plans to spin off its pharmaceuticals business. “We believe that RB Pharmaceuticals has the potential to deliver...

Stora Enso acquires North American biotechnology company

Stora Enso (Helsinki) has acquired 100% of the shares of the Virdia (Danville, VA), a developer of extraction and separation technologies for converting cellulosic biomass into highly refined sugars and lignin, Stora Enso says. The  transaction was...

Takween Advanced Industries to acquire Savola's plastics packaging business

The Savola Group (Jidda, Saudi Arabia) on Tuesday signed a nonbinding memorandum of understanding (MOU) and commenced exclusive discussions with Takween Advanced Industries (Al Khobar, Saudi Arabia) to sell Savola's wholly owned packaging subsidiary. The...

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