Crevo-Hengxin is a family-owned manufacturer of a broad range of silicone products used for solar energy, facades, fenestration, insulated glass, interior finishing, and other sealing and bonding applications.
September 10, 2019
Sika recently announced that it has agreed to acquire Crevo-Hengxin, a Chinese manufacturer of silicone sealants and adhesives used in both industry and construction applications.
Net proceeds from the sale are approximately $930 million.
September 9, 2019
Ashland Global Holdings Inc. recently announced that it has completed the previously announced sale of its Composites business (excluding the Maleic business) and butanediol manufacturing facility in Marl, Germany, to INEOS Enterprises in a transaction valued at $1.015 billion.
DIC reports that its acquisition of BASF Colors & Effects will broaden its portfolio as a global manufacturer of pigments, including those for electronic displays, cosmetics, coatings, plastics, inks, and specialty applications.
September 3, 2019
DIC Corp. recently announced that it has entered into a definitive agreement to acquire BASF’s global pigments business, known as BASF Colors & Effects (BCE).
The divestiture includes production assets located in Institute, W.Va., in addition to the site infrastructure, land, and utilities.
August 21, 2019
Dow recently announced that it has reached an agreement for the divestiture of its Acetone Derivatives business to Altivia Ketones & Additives, LLC, an affiliate of Altivia, a privately held producer of chemicals headquartered in Houston, Texas.
The companies continue to expect a closing in the late summer of 2019.
August 20, 2019
Ashland Global Holdings Inc. recently announced that it has received the remaining regulatory approvals needed to close the previously announced sale of certain assets of Ashland’s Composites business and butanediol facility in Marl, Germany, to INEOS Enterprises Holdings Limited.
Evonik has closed the sale of its Methacrylates business to Advent International, but the Federal Trade Commission will seek to block its proposed acquisition of PeroxyChem.
August 19, 2019
Evonik recently announced that it has closed the sale of its Methacrylates business to Advent International for €3 billion (approximately $3.3 billion).
Both AGM and Duralar are currently headquartered in Tucson, Ariz.; Duralar will be relocated into the AGM headquarters facility by the end of the year.
August 15, 2019
AGM Container Controls, Inc. recently announced its acquisition of Duralar Technologies, a manufacturer of advanced ultra-hard metal coatings and coating systems.
Under the terms of the agreement, Indorama Ventures would acquire Huntsman’s manufacturing facilities located in Port Neches, Texas; Dayton, Texas; Chocolate Bayou, Texas; Ankleshwar, India; and Botany, Australia.
August 14, 2019
Huntsman Corp. recently announced that it has entered into a definitive agreement to sell its chemical intermediates businesses, which includes PO/MTBE, and its surfactants businesses to Indorama Ventures in a transaction valued at $2.076 billion.
The newly acquired colorant dispersion division reportedly includes pigment dispersions and colorant technologies for decorative paint point of sale, in-plant systems, industrial coatings, and other applications that will be integrated into Chromaflo’s recently built plant in Johannesburg.
August 5, 2019
Chromaflo Technologies Corp. recently announced that it has concluded a purchase agreement with Liquid Colours (Pty.) Limited of South Africa.