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The extension of the merger agreement to June 21, 2017, is intended to provide sufficient time to complete the Valspar acquisition.
“We strongly believe that Interplast is the ideal partner to bring to Turkish customers the local service they are looking for. This is a step forwards in the implementation of our growth strategy, following the completion of our industrial projects as announced earlier this year.”
With a 40 percent higher capacity than Hempel’s existing production facility in Safat, Kuwait, the EUR 13 million factory in Mina Abdullah will help the company meet growing demand for its coatings in Kuwait and other Gulf Cooperation Council (GCC) countries, the company stated.
“The investment in people, laboratories, and machinery will allow us to offer our global technologies throughout the India Sub-Continent (ISC).”
With the addition of the WACKER ACADEMY, the site now combines under one roof production, R&D, application technology, and a training center for WACKER’s silicones.
Axalta expects the share repurchases to be made from time to time in the open market or through privately negotiated transactions, or otherwise, subject to applicable laws, regulations, and approvals.
Primarily used for energy cure (UV), eco-solvent, and aqueous inkjet inks, RJA’s full range of dispersions will join Sun Chemical Performance Pigments’ product lineup.
The total consideration for the sale is €78 million. The divestment is in line with Perstorp’s strategy to focus on and expand its core chemicals activities, the company stated.
Lincoln Fine Ingredient’s management team, led by Jim Noon and Walter Martish III, will remain in place and continue to actively manage the business, the companies stated.
This lab also has a fully operational evaluations laboratory that reportedly offers instrumental color, gloss, and visual evaluations performed by Atlas technicians.