PAX Services Group ("PAX"), a provider of roofing and exterior services, has acquired Baltimore-based Consolidated Coatings, Inc. The Consolidated Coatings management team will remain with the company. Consolidated Coatings provides masonry restoration, concrete restoration, industrial coatings, floor coatings, exterior insulation and finish systems, and waterproofing systems across the Mid-Atlantic region. Read More…
Lone Star Funds (“Lone Star”) announced the signing by Lone Star Fund XI, LP of a definitive agreement to sell AOC, a global specialty chemicals company, to Nippon Paint Holdings Co., Ltd. (“NPHD”). Read More…
Allnex announced a strategic investment in its East St. Louis operations to develop the site as the primary U.S. location for solvent borne resin production, ensuring the company’s ability to support local and regional customers effectively. Read More…
Birla Carbon, manufacturer and supplier of carbon-based solutions, announced the launch of its first Asia Post Treatment (APT) Plant in India. The brownfield initiative is located at the Patalganga unit, in the state of Maharashtra. The plant will serve the fast-growing demand for high-performance carbon black grades in key industries like coatings and inks. Read More…
OCSiAl opened its first European production facility in Serbia. The new facility is dedicated to producing TUBALL™ nanotubes and nanotube-based products. According to the company, the facility’s strategic location in Serbia will enhance the supply of advanced nanotube solutions across Europe, Asia, and the United States. Read More…
Graco Inc. announced it has completed its acquisition of Corob S.p.A. (“Corob”) for €230 million, subject to customary adjustments, with up to €30 million in additional contingent consideration. Read More…
Evonik says it is reorganizing two business lines to strengthen their growth prospects —Coating & Adhesive Resins and Health Care. The remaining businesses outside these cores will be sold to new owners or incorporated into partnerships. Read More…
Safic-Alcan, a distributor of specialty chemicals, announced a new distribution partnership with Carbon Waters, a French start-up specializing in advanced sustainable additives. This alliance will provide high-performance graphene dispersions, Graph’Up Oxi, to customers in Italy, Spain, the United Kingdom, and Ireland. Read More…
AkzoNobel’s yacht coatings business opened its first Yacht Paint Application Center (YPAC) in the Asia-Pacific region to offer product and technical training alongside digital paint application tools. Read More…
American Industrial Partners (AIP), an industrials investor, announced that American Industrial Partners Capital Fund VIII has entered into a definitive agreement to acquire the U.S. and Canadian architectural coatings business (the “Company") of PPG. The transaction is expected to close in late 2024 or early 2025 and is subject to customary closing conditions. Read More…