JK Cement on Thursday announced its foray into the paints business by acquiring 60 per cent stake in Rajasthan-based Acro Paints in a Rs 153 crore deal.     Its wholly-owned subsidiary JK Paints and Coatings Ltd has entered into a share purchase agreement with Acro Paints Ltd and its shareholders to acquire a 60 per cent controlling stake in the company.     The “remaining 40 per cent … Continue reading JK Cements enters paints business with acquisition of majority stake in Acro Paints

Arkema is expanding its offer of engineering adhesives with the planned acquisition of Shanghai Zhiguan Polymer Materials (PMP), specialized in hot-melt adhesives for the consumer electronics market. This project is in line with Bostik’s strategy to build a strong position in the attractive engineering adhesives market and to accelerate its development in the fast-growing electronics market, especially in Asia. Arkema is announcing the planned acquisition of … Continue reading Arkema strengthens its engineering adhesives with the acquisition of PMP in China

World-leading coatings manufacturer, Hempel, has acquired the coatings division of the Omani conglomerate, Khimji Ramdas, to expand its Oman operations and further establish itself as a market leader. Following an exclusive dialogue, Hempel has today completed the acquisition of Khimji Paints LLC. This is Hempel’s first acquisition in the Decorative segment in the Middle East, supporting its strategy to double Hempel by 2025. Hempel’s Double … Continue reading Hempel acquires Omani coatings company, Khimji Paints LLC, expanding footprint in key market

Vertellus, a manufacturer of speciality materials for various personal care, performance coatings, polymer additives, healthcare and food & beverage markets, has acquired Polyscope Polymers B.V., a global leader in speciality additives for coatings, electronics applications and engineering polymers. With the addition of Polyscope’s complementary product portfolio and advanced manufacturing capabilities, Vertellus expands its European production capabilities and extends its reach in high-growth end markets. Polyscope … Continue reading Vertellus acquires Polyscope Polymers

BASF and KaMin LLC. / CADAM S.A. (KaMin) have signed an agreement to sell BASF’s kaolin minerals business to KaMin, a global performance minerals company headquartered in Macon, Georgia, United States. Currently, the kaolin minerals business is part of BASF’s Performance Chemicals division. Pending approval by the relevant merger control authorities, closing of the transaction is expected in the second half of 2022. The kaolin … Continue reading BASF to sell its kaolin minerals business to KaMin

LANXESS to become one of the world’s largest suppliers of microbial control products Strengthening the specialty chemicals portfolio: expansion of the growth areas disinfection, personal care and material protection Acquisition with approximately USD 450 million* in sales and around USD 100 million* in EBITDA Attractive synergies: additional EBITDA contribution of around USD 35 million within four years  Purchase price of around USD 1.3 billion Closing … Continue reading LANXESS to acquire IFF’s microbial control business

ASK Chemicals, one of the world’s leading suppliers of foundry chemicals, announces that they have entered into a definitive agreement to purchase the industrial resin business from SI Group (New York, USA). With this acquisition, ASK Chemicals is reinforcing its position in the foundry market and at the same time strengthening its non-foundry business. ASK Chemicals and SI Group have agreed on the purchase of … Continue reading ASK Chemicals to acquire industrial resin business from SI Group

PPG announced that it has acquired Cetelon Lackfabrik GmbH, a manufacturer of coatings for automotive and light truck wheel applications. Financial details of the transaction were not disclosed. Cetelon develops and manufactures a wide range of coating systems for the wheel industry, including certain proprietary technologies. It operates production and sales offices in Ditzingen, Germany, from which it serves many leading wheel suppliers worldwide. Founded … Continue reading PPG to Acquire Automotive Coatings Manufacturer Cetelon