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Novomer will occupy the leased space in December where it is currently undertaking significant renovations and improvements, and the larger facility will house technology research, product development activities, and a COEth™ Process demonstration unit to make customer samples for a variety of products, Novomer stated.
Yparex is a product family of The Compound Company, whose portfolio includes a range of tie-layer resins, coupling agents, and compatibilizers.
The partnership will allow ChemSpec to deliver enhanced solutions to the silicone compounding market, the company stated
According to the company, this latest addition of Somos materials to their portfolio complements the offering of equipment and service for their growing SLA customer base.
Through this expansion, GMZ becomes the sole distributor of BASF’s Dispersions & Resins Division portfolio of products across the Midwest and Northeast markets including Illinois, Wisconsin, Minnesota, Indiana, and Michigan.
High Road Capital Partners has completed 43 transactions — 17 platform investments, 20 add‐on acquisitions and six exits — since its founding in 2007.
Ferro expects the transaction to be accretive to earnings and 2018 post-synergy adjusted EBITDA, which is forecasted to be approximately $13-14 million.
Capital expenditures of around €60 million are budgeted for the capacity increase and for expanding local infrastructure. Construction is scheduled to start before the end of the year and is expected to be finished by Q1 2019.
According to the company, it is comprised of a team of technical sales representatives, supported by application labs with degreed chemists, technical marketing, and best in class customer service and will continue to bring value and accelerated growth to Azelis’ principal partners and to over 7,000 customers across the United States.
The coatings laboratory will support customers and suppliers, offering market trend advice, problem solving, formulation guidance, and product performance testing, IMCD stated.