Business

PPG Completes Tikkurila Acquisition

Pie chart composed of people
PPG has completed its acquisition of all the shares of Tikkurila. Tikkurila shareholders received €34.00 in cash for each of the 38,711,646 million shares of Tikkurila tendered. Together with the shares it previously acquired, PPG now controls 97.1% of Tikkurila’s issued and outstanding shares. The remaining 2.9% will be acquired through a squeeze out process, which will be initiated promptly.

Read More…

Michelman Announces Leadership Transition

Wooden cube block print screen person icon which link connection network for organisation structure social network and teamwork concept.
Michelman announced recently that Dr. Richard “Rick” Michelman will become the organization’s next president and CEO, effective Jan. 1, 2022. At that time, Steven J. Shifman, president and CEO since 2003, will assume the role of executive chairman.

Read More…

Dow to Build MDI Distillation and Prepolymers Facility in Freeport, Texas

Image of Dow site in Freeport Texas
Dow announced plans to build an integrated methylene diphenyl isocyanate distillation and prepolymers facility at its manufacturing site in Freeport, Texas. The company says the investment supports increasing demand for downstream polyurethane systems products and advances Dow’s leading positions in attractive applications in construction, consumer, and industrial markets that are growing above GDP.

Read More…

Prince to Acquire Ferro Group for $22 per share

People putting the pieces together concept
Prince International Corporation, a portfolio company of American Securities LLC, announced that it is acquiring Ferro Corporation for $22 per share in cash, in a transaction valued at approximately $2.1 billion, including the assumption of debt, net of cash. The agreement has been unanimously approved by the Ferro Board of Directors.

Read More…

Ashland Announces Strategic Review of Its Performance Adhesives Business Unit

Assessment and analysis by professional auditing consultant concept, person touching screen with icons of risk evaluation, business analytics, quality compliance, process inspection, financial audit
Ashland Global Holdings Inc. recently announced a strategic review of its performance adhesives business unit. Ashland says it intends to evaluate all options with respect to the business unit, including a potential sale. According to the company, the decision is consistent with the company’s strategy to grow its integrated additive ingredients portfolio focused on its leadership positions in its core...

Read More…

IMCD Expands into Central America and Caribbean Markets

warehouse manager with tablet
IMCD N.V. recently announced the acquisition of Andes Chemical Corp., marking IMCD’s debut in Central America and Peru, and its expansion into Latin America markets and throughout the Caribbean. According to the company, Andes Chemical has been a distribution partner since 1986; in 2020, it generated a revenue of USD 46 million.

Read More…