Graco Inc. (Graco) has acquired Red Devil Equipment Company (Radia) in a transaction valued at $69 million. Radia is a manufacturer of mixing, shaking, and automated material handling equipment for the growing paint and coatings industry headquartered in Plymouth, Minn., with annual revenue of more than $30 million. Read More…
CHASM Advanced Materials, Inc. (CHASM) has signed a license agreement with Ingevity Corporation (Ingevity) for CHASM's patented carbon nanotube (CNT) production technology. The agreement grants Ingevity the rights to manufacture CHASM's NTeC®-E CNT conductive additives for battery applications in North America and select European countries. Read More…
DuPont held a groundbreaking ceremony for its new MOLYKOTE® specialty lubricants manufacturing plant in Zhangjiagang, Jiangsu Province in East China. The manufacturing unit is being built at the Yangtze River International Chemical Industrial Park in the Zhangjiagang Free Trade Zone and is expected to be operational by early 2027. Read More…
COIM S.p.A. (COIM), a manufacturer of specialty chemicals, announced the completion of its acquisition of Notedome Limited (Notedome), a company specializing in the elastomer sector. The total value of the acquisition is £21.17 million. According to COIM, this acquisition consolidates its international presence in the polyurethane systems sector and further expands its production capacity and technological expertise in key European markets. Read More…
Akzo Nobel N.V. (“AkzoNobel”) and Axalta Coating Systems Ltd. (“Axalta”) announced they’ve entered into a definitive agreement to combine in an all-stock merger of equals, creating a global coatings company with an enterprise value of approximately $25 billion. Read More…
BASF Coatings has commissioned a production plant for automotive OEM coatings at its Muenster site in Germany. The new facility is designed to produce high-runner products, namely colors it sayscurrently represent the majority of market demand and ensure consistent product quality and enhanced production efficiency. Read More…