DSM says it has completed the sale of the resins and functional materials businesses to Covestro for €1.6 billion ($1.9 billion), including €1.4 billion in cash. DSM expects to book a profit on the transaction of around €540 million. DSM announced the deal on 30 September. It included DSM Niaga, DSM additive manufacturing, and the coatings activities of the DSM advanced solar business, which together … Continue reading DSM to complete sale of resins, functional materials to Covestro

StanChem Polymers announced today that its wholly-owned subsidiary, Albi Protective Coatings, has completed the acquisition of Dux Paint and its sister companies, Hawthorne Coating and Hood Products (taken together, “Dux” or the “Company”). Based in Lodi, New Jersey, Dux offers a differentiated and comprehensive portfolio of industrial protective coating solutions for refinish, wood, automotive and direct-to-metal applications. Founded over 70 years ago, Dux has built a … Continue reading StanChem Polymers to Announce Acquisition of Dux Paint

PPG announced that it has reached a definitive agreement to acquire VersaFlex, a manufacturer specializing in polyurea, epoxy and polyurethane coatings for water and waste water infrastructure, flooring, transportation infrastructure, and industrial applications. VersaFlex is a portfolio company of DalFort Capital Partners. The transaction is expected to close in the first quarter of 2021, subject to customary closing conditions. Financial terms were not disclosed. “VersaFlex’s attractive … Continue reading PPG to Acquire Coatings Manufacturer VersaFlex

PPG announced that it has completed its acquisition of Ennis-Flint. Ennis-Flint is a global leader in pavement markings and traffic safety solutions with a wide range of products, including traffic paint, hot-applied and preformed thermoplastics, raised pavement markers and intelligent transportation systems. The company has approximately 1,000 employees globally, with a network of manufacturing facilities within the United States, Europe, South America, Australia and Asia. … Continue reading PPG to complete acquisition of global coatings manufacturer Ennis-Flint

Huntsman Corporation announced its agreement to acquire Gabriel Performance Products, a North American specialty chemical manufacturer of specialty additives and epoxy curing agents for the coatings, adhesives, sealants and composite end-markets, from funds owned by Audax Private Equity. Under terms of the agreement, Huntsman will pay $250 million, subject to customary closing adjustments, in an all-cash transaction funded from available liquidity.  Gabriel had 2019 revenues … Continue reading Huntsman to Announce the Acquisition of Gabriel Performance Products, Further Expanding its Specialty Chemicals Portfolio