Following Galderma-Spirig’s decision to close their Egerkingen site in September 2017, Omya International, based in neighboring Oftringen, will move research and development activities to the site. To this end, Omya is acquiring the property from Galderma-Spirig’s parent company, Nestlé Skin Health.Read more
STAMFORD, CT, Oct. 2, 2018 (PRNewswire) -Tronox Limited, a global mining and inorganic chemicals company, today announced that the 75-day exclusivity period under its Memorandum of Understanding (“MOU”) with Venator Materials PLC has expired without the two companies agreeing on definitive terms of a potential divestiture by Tronox to Venator of the Ashtabula, Ohio, titanium dioxide (“TiO2“) production complex.Read more
AMSTERDAM, Oct. 2, 2018 (Press Release) -Akzo Nobel N.V. (AKZA; AKZOY) has today announced shareholders will receive €5.5 billion, following completion of the sale of the Specialty Chemicals business. This is in addition to €1 billion advance proceeds distributed by a special cash dividend paid on December 7, 2017.
A total of €6.5 billion will have been distributed to shareholders, delivering on a commitment to return the vast majority of €7.5 billion net proceeds, from the separation of the Specialty Chemicals business.Read more
AMSTERDAM, The Netherlands, Oct. 1, 2018 (Press Release) -Akzo Nobel N.V. has today completed the sale of the Specialty Chemicals business to The Carlyle Group and GIC for an enterprise value of €10.1 billion.
Thierry Vanlancker, CEO of AkzoNobel, commented: "Today is a key milestone in the history of AkzoNobel, creating a focused paints and coatings company, with market leading positions, strong global brands, and a clear strategy to create value for all our stakeholders.Read more
AMSTERDAM, The Netherlands , Sept. 21, 2018 (Press Release) -AkzoNobel Specialty Chemicals has completed its acquisition of Brazil's Polinox, South America's leading producer of ketone peroxides, an essential ingredient in the manufacture of polymers. The purchase expands the company's footprint in South America, establishing it as one of the region's leading producers of curing systems for polyester thermoset resins.Read more
ESSEN, Germany, Sept. 13, 2018 (Press Release) -Brenntag, the global market leader in chemical distribution, entered into an agreement to acquire the Desbro Group in Kenya, Tanzania, Uganda and the UAE. The company, headquartered in Nairobi, Kenya, is one of the largest and long-standing distributors in East Africa. The Group offers a broad portfolio of commodities and specialty chemicals to diverse strategic customer industries in East Africa and the Middle East such as Plastics, Coatings & Construction, Textile, Water Treatment and increasingly Life Sciences.Read more
STAMFORD, CT , Sept. 5, 2018 (PRNewswire) -Tronox Limited (“Tronox” or the “Company”), a global mining and inorganic chemicals company, today commented on the decision by the U.S. District Court for the District of Columbia granting the U. S. Federal Trade Commission’s (“FTC”) request for a preliminary injunction regarding Tronox’s proposed acquisition of Cristal. The Company intends to promptly file a notice of appeal and request an expedited hearing of its appeal to reverse the Court’s decision so Tronox may proceed with the merger.Read more
WILMINGTON, DE, Aug. 31, 2018 (Press Release) -Solenis has completed the acquisition of the pulp and paper chemical distribution business from Connell Bros. Co. (CBC) in Thailand, Philippines, Malaysia and Vietnam.
All assets and business associated with the Solenis pulp and paper business represented by CBC in these countries are part of the deal, including inventory, accounts and field equipment. Additionally, CBC sales and technical personnel will be invited to transfer to Solenis, continuing the operation of the business.Read more