With the sale of its TAA derivatives business to SABO, Evonik is taking the next step in focusing its portfolio on specialty chemicals. The Italian chemical company is one of the world’s leading manufacturers of light stabilizers, for which TAA derivatives are a raw material. On the sales price, no details are disclosed. The transaction was announced in mid-October, and the closing took place on … Continue reading Evonik and Sabo conclude sale of TAA derivatives business

The Sherwin-Williams Company announced an agreement to acquire German-based Specialized Industrial Coatings Holding (SIC Holding), a Peter Möhrle Holding and GP Capital UG venture comprised of Oskar Nolte GmbH and Klumpp Coatings GmbH. The business’ portfolio of solutions includes foil coatings as well as radiation-cured and waterbased coatings for the board, furniture and flooring industry. With a presence in Europe, Asia and South America, the business has approximately 220 … Continue reading Sherwin-Williams to Acquire German Wood Coatings Companies, Oskar Nolte GmbH and Klumpp Coatings GmbH

Solesis announced that it has acquired Polyzen, LLC, a leading developer and manufacturer of polymer-based film and coating technologies for the medical device and biopharmaceutical industries. The addition of Polyzen will expand Solesis’ design and manufacturing capabilities in advanced biomaterials and broaden the service offering it delivers to its customers. “We are thrilled about what this new partnership will mean for our customers going forward,” … Continue reading Solesis Expands Film & Coating Capabilities with Acquisition of Polyzen

Clariant, a focused, sustainable, and innovative specialty chemical company, today announces that it has completed the acquisition of BASF’s U.S. based Attapulgite business assets for USD 60 million in cash. Structured as an asset deal, the transaction includes the transfer of land as well as mining rights, the processing facility, and inventories, which will be integrated into Clariant’s Functional Minerals business. The finalized deal also … Continue reading Clariant completes acquisition of BASF’s U.S. Attapulgite business assets

Henkel completed the acquisition of the US-based advanced materials start-up NBD Nanotechnologies Inc. (NBD Nano). NBD Nano, headquartered in Boston, Massachusetts, has expertise in developing surface properties such as repellency for plastics or optical coatings for displays. With this acquisition Henkel aims to strengthen the position of its Adhesive Technologies business unit in the area of functional coatings. Henkel completed the acquisition of the US-based advanced … Continue reading Henkel acquires advanced materials start-up NBD Nanotechnologies Inc.

Acquisition expected to generate approximately $450 million of synergies and be immediately accretive to adjusted EPS Acquisition expected to drive significant expansion of free cash flow and swift deleveraging with total debt below 3.0x EBITDA within two years of closing Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, announced the signing of a definitive agreement to acquire a majority1 of the Mobility … Continue reading Celanese to acquire a majority of the Mobility & Materials business of DuPont for $11B

Sun Chemical has acquired SAPICI, a global leading company in high-performance polyurethanes for coatings, flexible packaging, industrial adhesives and more. With SAPICI, Sun Chemical reinforces its integrated supply strategy in the packaging market by adding capabilities to develop and produce unique polymers for the entire portfolio of inks, coatings, and lamination adhesives. The combined resources and technologies of DIC/Sun Chemical and SAPICI will provide a comprehensive … Continue reading Sun Chemical Acquires SAPICI to Expand Customer Offerings in Polymers and Lamination Adhesives Market

Perstorp has acquired GEO’s Di-Methylolpropionic Acid [DMPA®] business, further emphasizing its commitment as the sustainable specialty solution provider within the resins and coatings segment. This acquisition further accentuates the company’s strategic presence in Polyurethane and Alkyds dispersions – a vital step to becoming a specialty leader in various waterborne coating markets. The acquisition significantly bolsters Perstorp’s position within the Di-Methylpropionic acid platform, allowing further investments … Continue reading Perstorp further strengthens its specialty position within resins and coatings through acquisition of Di-Methylolpropionic Acid business from GEO

Divestment is a final milestone in Clariant’s portfolio transformation Clariant retains a 20 % stake in newly formed Group Net cash inflow of ~ CHF 615 million from divestment at closing will be invested into growth within the core Business Areas, the ongoing transformation and further debt reduction Clariant, a focused, sustainable and innovative specialty chemical company, today completed the sale of its Pigments business … Continue reading Clariant completes sale of its Pigments business

allnex, the leading supplier of specialty chemicals, offering a broad range of industrial resins including powder coating resins, energy curable resins, waterborne resins, additives and crosslinkers for use on wood, metal, plastic and other surfaces, is thrilled to announce that the closing is complete, and allnex is now part of PTT Global Chemical Public Company Limited (GC). This combination will allow allnex to fortify its … Continue reading allnex to Join PTT Global Chemical Company Limited (GC)

Hexion Holdings Corporation announced that as a result of its ongoing strategic review it has entered into a definitive agreement to sell its epoxy-based Coatings and Composite businesses, which includes the epoxy specialty resins and base epoxy resins and intermediates product lines (together, the “Epoxy Business”) for approximately $1.2 billion to Westlake Chemical Corporation. The Epoxy Business generated total sales of approximately $1.5 billion for … Continue reading Hexion Holdings to Announce Agreement to Sell Epoxy Businesses to Westlake Chemical

Synthomer plc (“Synthomer” or the “Company“), a global differentiated chemicals company, today announces it has agreed to acquire the Adhesive Resins business (“Adhesive Technologies“) of Eastman Chemical Company (“Eastman“), which develops, manufactures and sells tackifying resins and additives for adhesive products, with a strong focus on attractive end markets such as hygiene, packaging and high-performance tyre additives, for $1 billion in cash (the “Acquisition“). Strategic Highlights The Acquisition of … Continue reading Synthomer to acquire Adhesive Resins business of Eastman Chemical Company for $1 billion

World-leading coatings manufacturer Hempel has completed the acquisition of Farrow & Ball, a luxury decorative paint and wallpaper company with an annual turnover of over EUR 100 million. Hempel acquires Farrow & Ball from a fund managed by the Private Equity Group of Ares Management Corporation after having met all conditions and requirements. “Today is an exciting day as we happily welcome the iconic, luxury, … Continue reading Hempel to complete the acquisition of iconic paint and wallpaper brand, Farrow & Ball

Sika has agreed to sell its European industrial coatings business, based in Germany, to The Sherwin-Williams Company, the US-based global leader in paints and coatings. In 2020, the business segment generated sales of approximately CHF 75 million. The transaction is expected to close in the beginning of 2022. Sika has taken the strategic decision to divest its European industrial coatings business. The business offers a … Continue reading Sika to sell its European industrial coatings business to The Sherwin-Williams

Acquisition strengthens business in specialty chemicals for industrial applications Portfolio for the plastics, paint and varnish and adhesives industries significantly expanded Specialty chemicals company LANXESS completed the acquisition of Emerald Kalama Chemical. The U.S.-based company is a world-leading manufacturer of specialty chemicals. LANXESS signed a purchase agreement on February 14, 2021. All required regulatory approvals have been received. LANXESS financed the purchase price of around … Continue reading LANXESS to complete acquisition of Emerald Kalama Chemical / Portfolio for industrial applications expanded

DCL Corporation, a global leader in colour pigments and dispersions for the coatings, plastics and ink industries, is pleased to announce that they have acquired Sun Chemical’s manufacturing facility in Goose Creek, South Carolina, USA. This acquisition includes the production and sales of the perylene and quinacridone product portfolios, along with select other speciality products. Perylenes and quinacridones are speciality pigment families providing the highest … Continue reading DCL to acquire Sun Chemical’s manufacturing facility in Goose Creek, South Carolina, USA

– Highly complementary acquisition strengthens global Refinish leadership position – Accelerates growth and expands addressable markets with mainstream and economy product offerings – Immediately accretive to adjusted EBITDA margin; acquisition funded from cash on balance sheet Axalta Coating Systems (NYSE: AXTA), a leading global supplier of liquid and powder coatings, today announced that it has entered into definitive agreements to acquire U-POL Holdings Limited (“U-POL”) from … Continue reading Axalta to acquire U-POL, a leading paint, protective coatings, and accessories manufacturer for the automotive aftermarket

AkzoNobel is to further expand its long-term position in South and Central America after reaching an agreement to acquire Colombia-based paints and coatings company Grupo Orbis. Completion is subject to regulatory approvals and is expected by end of this year, or in early 2022. Financial details were not disclosed.  Present in ten countries in South America, Central America and the Antilles, Grupo Orbis has consolidated revenue of around COP $1,200 billion (€260 million). The transaction includes the Pintuco paints and coatings business, Andercol and Poliquim (resins) and Mundial (distribution and … Continue reading AkzoNobel to acquire Grupo Orbis and expand position in South and Central America

Definitive agreements signed by a consortium of Heubach Group and SK Capital Partners to acquire Clariant’s Pigments business Enterprise Value of CHF 805 million to CHF 855 million, representing a 10.7x to 11.4x stand-alone adjusted EBITDA multiple per April 2021 (LTM) depending on an earn-out payment of CHF 50 million Clariant will be reinvesting for a 20% ownership stake in the combined business  Closing anticipated … Continue reading Clariant to sell pigment business to consortium of SK Capital and Heubach for about $900 million

Leading coatings manufacturer Hempel has acquired a ground-breaking technology that will change the market for insulation coatings while enhancing workers’ safety and lowering customers’ environmental footprint. Hempel has acquired a unique technology developed by Das Lack Enertherm (DLE), a German-English company. Combined with internal expertise, the technology will enable Hempel to develop and launch coating products with insulating properties within the next year. The acquisition … Continue reading Hempel to acquire ground-breaking coatings technology | Coating products with insulating properties

Funds advised by SK Capital Partners, LP (“SK Capital”), a private investment firm focused on the specialty materials, chemicals and pharmaceuticals sectors, today announced the purchase of the Canadian coatings company Canlak Inc., and US-based Valentus Specialty Chemicals.  SK Capital plans to merge the two businesses to form a premier North American wood coatings company called Canlak Coatings (the “Company”), which will be headquartered in … Continue reading SK Capital to Announce Acquisition of Canlak and Valentus Specialty Chemicals

PPG announced that it has received regulatory approval from the Federal Antimonopoly Service of Russia for the completion of its tender offer for all of the shares of Tikkurila (NASDAQ OMX:TIK1V). With this approval, PPG has received all required regulatory approvals for completion of the tender offer and has announced that the tender offer will expire on June 4, 2021. PPG expects to complete the … Continue reading PPG to Receive All Necessary Regulatory Approvals for Acquisition of Tikkurila

Hexion Inc. (“Hexion” or the “Company”) announced that it has completed the sale of its Phenolic Specialty Resin, Hexamine and European-based Forest Products Resins businesses for approximately $425 million to Black Diamond and Investindustrial. The consideration consists of $335 million in cash and certain assumed liabilities with the remainder in future proceeds based on the performance of the business.  The Company expects to use the … Continue reading Hexion to Complete Sale of Phenolic Specialty Resins, Hexamine and European-based Forest Products Resins Businesses to Black Diamond and Investindustrial