Akzo Nobel N.V. (“AkzoNobel”) and Axalta Coating Systems Ltd. (“Axalta”) announced they’ve entered into a definitive agreement to combine in an all-stock merger of equals, creating a global coatings company with an enterprise value of approximately $25 billion. Read More…
BASF Coatings has commissioned a production plant for automotive OEM coatings at its Muenster site in Germany. The new facility is designed to produce high-runner products, namely colors it sayscurrently represent the majority of market demand and ensure consistent product quality and enhanced production efficiency. Read More…
LyondellBasell (LYB) and Nippon Paint China have launched their collaboration to help close the loop for coating packaging barrels. The closed-loop recycling system establishes a process in which used barrels are mechanically recycled. Read More…
Polymer Adhesives Holdings, LLC ("Polymer Adhesives"), a portfolio company of DalFort Capital Partners, has acquired Fielco Adhesives ("Fielco"), a Pennsylvania-based manufacturer of industrial epoxy adhesive solutions. Fielco's products serve an array of applications, including abrasive converting, industrial brushes, paint rollers, grinding wheels, and electronic encapsulation. Read More…
Nouryon opened its newest innovation center in Shanghai. Nouryon says the innovation center more than doubles the space of the company’s previous facility in Shanghai and significantly enhances its technical capabilities with investments in testing and analytical equipment focused on high-growth sectors like agriculture, electronics, construction and pharmaceuticals. A highlight of the new facility specific to the personal care sector is the customer experience center. Read More…
WILsquare Capital, a private equity firm, announced that its portfolio company, Automotive Color & Supply ("ACS"), has completed the acquisition of Smetzer Paint & Supply ("Smetzer"), a regional distributor of automotive and industrial paint and supply products based in Northern Ohio. Terms of the transaction were not disclosed. Read More…