Huntsman received approximately $100 million in cash, which includes $8 million for a 30-month option for the sale of the remaining approximate 9.7 million ordinary shares held by Huntsman at $2.15 per share.
December 31, 2020
Huntsman Corp. recently announced that it has completed the sale of approximately 42.4 million ordinary shares of Venator Materials PLC to funds advised by SK Capital Partners, LP.
With COVID-19 vaccines starting to roll out and economic recovery underway, a palpable sense of optimism is beginning to emerge like the first rays of sunlight after a dark night.
The cover of a recent issue of Time magazine dubbed 2020 “The Worst Year Ever.” From the COVID-19 pandemic and subsequent global economic fallout to a tumultuous U.S. presidential election and the loss of icons like Kobe Bryant, Ruth Bader Ginsburg, and Alex Trebek, 2020 certainly has been a year for the books. Suffice to say, we’re all eager to turn the page to 2021.
Arkema’s PMMA activity is an integrated business, from the production of methyl methacrylate to polymethyl methacrylate.
December 16, 2020
Arkema recently announced the proposed divestment of its polymethyl methacrylate (PMMA) business to Trinseo for an enterprise value of €1.1 billion (approximately $1.3 billion).
News from The Adhesive and Sealant Council regarding plans for the World Adhesive and Sealant Conference, as well as other events, drew the most reader interest last week.
Headquartered in Mexico City, Industrial Papelera Venus has a turnover of approximately $18 million and employs 100 people.
December 11, 2020
Fedrigoni S.p.A. recently announced that it has completed the acquisition of Industrial Papelera Venus, which produces and distributes self-adhesive materials.
Univar Solutions reports that the agreement aligns to its global approach to its dedicated end market verticals.
December 9, 2020
Univar Solutions Inc. recently announced that its wholly owned subsidiary, Univar Solutions China Co. Ltd., has reached an agreement with Zhuhai Techi Chem Silicone Industry Corp. (Techi Chem) to acquire the business to distribute specialty silicone solutions used primarily for the coatings, adhesives, sealants, and elastomers (CASE) market.
Under the terms of the agreement, Huntsman will pay $250 million, subject to customary closing adjustments, in an all-cash transaction funded from available liquidity.
December 8, 2020
Huntsman Corp. recently announced its agreement to acquire Gabriel Performance Products, a North American specialty chemical manufacturer of specialty additives and epoxy curing agents for the coatings, adhesives, sealants, and composite end markets, from funds owned by Audax Private Equity.