Industry News (Week of 11/13/06)
BASF ANNOUNCES FULL ENGELHARD INTEGRATIONFollowing the acquisition of Engelhard Corp. in June, BASF has announced the full integration of Engelhard into its global operations. BASF expects the integration to result in annual synergies of $200 million by 2010, almost half of which will be achieved by 2007, and more than 80% by 2008. Contributing to the synergies will be a broader global reach, a stronger business presence in certain regions and further extensions into key markets.
For more information, visit http://www.basf.com .
SEKISUI VOLTEK RENAMES RECENTLY ACQUIRED YOUNGBO AMERICASekisui Voltek has renamed the recently acquired Youngbo America, Inc. to Sekisui Voltek California, Inc. Sekisui Voltek LLC acquired the California corporation in July. The name change is intended to incorporate the Youngbo America brand into the globally recognized Sekisui brand and to capitalize on the strong North American brand name of Voltek products. In addition, the name change strengthens Sekisui Voltek's presence on the West Coast. As a member of the Sekisui family, Sekisui Voltek California will have access to a global supply of products and to significant research and development capabilities.
For more information, visit http://www.SekisuiVoltek.com .