Biesterfeld will be responsible for the European distribution of approximately 20 new products consisting of bisphenol-based monomers and high-performance monomers.

The transaction includes a local production facility, four concept stores, and access to a strong distribution network, according to AkzoNobel.

Celanese will integrate the Elotex product portfolio and production facilities into its global vinyl acetate ethylene (VAE) emulsions business to further meet global product demand, the company reported.

The transaction is expected to be finalized during the second quarter, after which Nouryon will gradually move production to its site in Rotterdam.

The acquisition is also expected to be earnings accretive in the first full financial year following completion and strongly accretive thereafter, according to Synthomer.

Trans Western Chemicals stated that the partnership will strengthen its supply position in key developing markets and increase the value it can offer its long-standing customer base.

Upon completion, Sincohem stated it will have an annual production capacity of 25,000 tons of rubber antioxidant, which will fill the gap in the production of rubber antioxidant in Southeast Asian countries and provide local supplies to the company’s downstream clients in the region.

The 312,000-square-foot facility houses more than 300 of the company’s top researchers and scientists, consolidating most of the company’s U.S. innovation efforts into one location to maximize collaboration and efficiency, the company reported.

Under terms of the agreement, Huntsman will pay $300 million, subject to customary closing adjustments, in an all-cash transaction funded from available liquidity.

This partnership with Cambrian Solutions strengthens our commitment to providing value-added products and sustainability to our customers.