The transaction is expected to close prior to the end of 2020, contingent on customary regulatory approvals and standard closing conditions.
July 30, 2020
Ashland Global Holdings Inc. recently announced a definitive agreement to sell its maleic anhydride business and manufacturing facility in Neal, W.Va., to AOC Materials LLC for $100 million.
The transaction will reportedly significantly broaden Nouryon’s portfolio of products in carboxymethyl cellulose, a sustainable, bio-based water-soluble polymer used as a thickener, binder, stabilizer, and film former.
July 7, 2020
Nouryon has completed its previously announced acquisition of the carboxymethyl cellulose (CMC) business of J.M. Huber Corp.
The acquisition reportedly supplements and rounds off the product portfolio of Sika Egypt and offers new opportunities for growth in the Egyptian construction market.
June 9, 2020
Sika recently announced that it has acquired Modern Waterproofing Group, a manufacturer of roofing and waterproofing systems in Egypt.
CVC Thermoset Specialties has annual revenues of approximately $115 million, with manufacturing facilities in Akron, Ohio, and Maple Shade, N.J.
May 26, 2020
Huntsman Corp. recently announced that it has completed its previously announced acquisition of CVC Thermoset Specialties, a North American specialty chemical manufacturer serving the industrial composites, adhesives, and coatings markets.
The divested business has annual global sales of approximately $380 million.
May 8, 2020
3M recently announced that it has completed the sale of substantially all of its drug delivery business to an affiliate of Altaris Capital Partners, LLC, for approximately $650 million in total consideration.
Gelest produces silicones, organosilanes, metal-organics, and specialty monomers for advanced technology end markets.
May 4, 2020
Mitsubishi Chemical Corp. recently announced that its Mitsubishi Chemical America, Inc. subsidiary has entered into a definitive agreement to acquire all of the issued and outstanding shares of Gelest Intermediate Holdings, Inc., the parent of Gelest, Inc.
The transaction is expected to be finalized during the second quarter, after which Nouryon will gradually move production to its site in Rotterdam.
April 8, 2020
Nouryon recently announced that it has entered into an agreement to acquire Sasol’s merchant triethyl aluminum business, including its specialty fleet of returnable cylinders.