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.
Archroma announced an agreement with specialty raw material distributor Van Horn, Metz & Company for the U.S. distribution of its Mowilith® emulsions, which are used by home decor manufacturers in Asia and Latin America.
AkzoNobel announced its Yacht Coatings business is partnering with the Water Revolution Foundation in what the companies say is an effort to create a more sustainable yacht industry and protect the world’s oceans.
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.
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.
Michelman announced a distribution agreement with Omya, a global producer of calcium carbonate and a distributor of specialty chemicals. Omya will be the exclusive distributor for Michelman's surface modifiers and wax-emulsion product line to the paints and coating markets in Canada.
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.
PPG recently announced that it has received regulatory approval from the Federal Antimonopoly Service of Russia for the completion of its tender offer for all shares of Tikkurila.
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...
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.