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The acquisition would complement BASF’s engineering plastics portfolio and expand the company’s position as a solution provider for the transportation, construction, industrial applications, and consumer industries, the company stated.
Seidler's management team, led by Richard and Martha Seidler, will remain in place and continue to actively manage the business.
To support the growing demand of customers in China, Clariant and Tiangang will jointly manufacture process and light stabilizers and plan to install a new production site in the Cangzhou National Coastal-Port Economy and Technology Development Zone, Hebei province.
USC will become a component of AIS’s Construction, Maintenance and Repair (CMR) operating group.
Axalta is extending its training resources to NTC and positively impacting the future of the transportation industry, the company stated.
According to AkzoNobel, the acquisition strengthens the company’s global leadership position in supplying innovative industrial coatings and aerospace and automotive coatings.
The series of debottlenecks and expansion projects will occur over the next 18 months and will increase capacity by 15,000 metric tons, the company reported.
The $630 million transaction, completed after approval from the European Commission and other global regulatory bodies, transfers to Evonik ownership of the HEM Silica facilities in North America, Europe and Asia.
The expansion includes an additional warehouse featuring a new receiving facility and delivery access point. This will provide additional packaging and manufacturing capabilities to meet customer’s needs, the company stated.
ChemSpec will be DOW’s distribution partner for WALSRODER™ Nitrocellulose and WALSRODER NC-Chip products across the United States.