IHS Chemical Week

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Chemical industry weekly news round-up, Oct. 12

3:24 PM MDT | October 12, 2012 | Lindsay Frost

This week in CW: Ecolab is acquiring Houston-based oilfield chemicals firm Champion Technologies for $2.2 billion cash-and-stock deal, adding 3,300 more employees in over 30 countries. Champion had $1.2 billion in sales in 2011. Cytec sells its coating resins unit to private equity firm Advent International for $1.15 billion. The unit generated $1.6 billion in sales in 2011. Rival bids submitted for the purchase of TPC group from Innospec and private equity firm Blackstone Capital. Blackstone submitted a $44-46/share bid—higher than the $40/share buyout...

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