Minneapolis-based Graco Inc. announced a definitive agreement to acquire Corob S.p.A. (“Corob”) for €230 million, subject to customary adjustments, with up to €30 million in additional contingent consideration. The transaction is expected to close in Graco’s fiscal fourth quarter pending customary closing conditions. Corob reported revenue of €110 million in 2023. Read More…
Brenntag opened its largest solar park in Latin America at its site in Querétaro, Mexico and reports that it is one of the 10 largest globally, generating a total of 393 MWh/a with 441 solar panels that produce 565 watts per panel. Read More…
Henkel says its manufacturing site in Nairobi, Kenya, is now fully powered by 100% renewable electricity. Henkel Kenya is one of eight manufacturing sites of the company’s Adhesive Technologies business unit in the Middle East and Africa that have transitioned to renewable electricity sources. Read More…
Vibrantz Technologies announced the upcoming groundbreaking of a production facility to expand the capacity of its patented Pearls™ sustainable tinting solution at its site in Sittard, the Netherlands. According to Vibrantz, Pearls™ is the industry’s first volumetrically dosed tinting system of solid colorants for water-based architectural and industrial paints. Read More…
Lubrizol is expanding operations at its Avon Lake, Ohio manufacturing facility to double the production capacity of Solsperse™ Hyperdispersants, commonly used by coating and ink formulators for pigment dispersant. Read More…
Covestro will construct a new Thermoplastic Polyurethanes (TPU) APAC application development (AD) Center in Guangzhou in South China. Construction is set to begin later this year, with the facility expected to become operational in 2025. Read More…