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…
Sudarshan Chemical Industries Limited (SCIL) has entered into a definitive agreement with the Germany-based Heubach Group, on its acquisition in a combination of an asset and share deal. Read More…
Evonik and BASF announced an agreement for the first delivery of BASF’s ammonia BMBcertTM grade. Both companies are broadening their product portfolios to introduce ammonia-based products that utilize a biomass balance approach. Read More…
Beckers Group has opened FutureLab in Liverpool, UK, and says it aims to function as a hub for creativity, collaboration, and cutting-edge research, while contributing to society by promoting education and local job opportunities. Read More…
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…