Business

Indorama Ventures to Buy Brazil-based Oxiteno for $1.3B

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Indorama Ventures Public Company Limited (IVL), a global chemicals producer, will acquire Brazil-based Oxiteno S.A. Indústria e Comércio, a subsidiary of Ultrapar Participações S.A. According to the company, the acquisition gives IVL a portfolio in high-value surfactants and expands its existing Integrated Oxides and Derivatives (IOD) business.

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S.P. Morrell Passes NACD Responsible Distribution Verification®

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S.P. Morell announced it has successfully passed its NACD Responsible Distribution® verification for the current three-year cycle. Responsible Distribution is the National Association of Chemical Distributor’s (NACD) third-party-verified environmental, health, safety, and security program that allows members to demonstrate their commitment to continuous performance improvement in every phase of chemical storage, handling, transportation, and disposal.

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Ravago Acquires Specialty Chemical Sales and JF Shelton

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Ravago Holdings America, Inc. (RHA), a polymer and chemical distributor, has acquired Specialty Chemical Sales (SCS) of Cleveland and JF Shelton (JFS) of Seattle, North American distributors serving the paint, coatings, adhesive and polymer markets. According to the company, both SCS and JFS will continue to be led by their current management teams and run as separate businesses in RHA’s...

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Miller Paint Expands Hometown Paint Store Model in Two Locations

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Miller Paint opened two new stores in the Pacific Northwest that the company says are poised to meet still-growing demand for home upgrades and renovations. Citing home-industry raw materials shortages continue, Miller Paint says its regional/local manufacturing puts the company in an ideal position to meet the needs of retail and wholesale customers.

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