Mergers and Acquisitions Report
“This acquisition represents a continuation of BWAY’s strategy to invest in growth within our core markets where significant synergies exist,” said Ken Roessler, president and CEO of BWAY. “Phoenix Container serves to expand our geographic coverage in the North American steel pail market, provides opportunity for manufacturing optimization and investment, and will allow the company to more effectively serve a wider range of customers.”
For more details, call (800) 527-2267 or visit www.bwaycorp.com.
DuPont announced it has completed its purchase of MECS from affiliates of American Securities LLC. The transaction strengthens the DuPont clean technologies portfolio and will provide access to additional high-growth markets, particularly in developing regions such as Asia Pacific, the Middle East, and Africa.
Per the agreement, MECS became a wholly owned subsidiary of DuPont and part of the company’s Sustainable Solutions business, effective December 31, 2010.
MECS is a leading global provider of process technology, proprietary specialty equipment and technical services for sulfuric acid producers. In addition, it supplies proprietary heat recovery systems that generate carbon-neutral energy from sulfuric acid plants.
For additional details, visit www.dupont.com or www.mecsglobal.com.
FLEXcon recently announced that it has entered an agreement to acquire the business assets of the Graphics Division of Arlon Inc. FLEXcon plans to form a new, wholly owned subsidiary to be named Arlon Graphics LLC.
This move is intended to strengthen FLEXcon’s market leadership position by expanding its product portfolio in advertising and promotional products, as well as its sales channel and global market presence. The new Arlon Graphics LLC will extend offers of employment to the executives and employees, the company reports. When the acquisition is complete, FLEXcon will have the option to purchase Arlon Engineered Coated Products and Arlon SignTech Ltd., following necessary due diligence.
For more information, visit www.flexcon.com or www.arlon.com.
3M has acquired the business of Nida-Core Corp., a manufacturer of structural honeycomb core and fiber-reinforced foam core materials based in Port St. Lucie, FL. 3M’s Engineered Products and Solutions Department (EP&S), a department of IATD led by Vic Genco, general manager, will be the new reporting unit for Nida-Core within 3M. EP&S delivers engineered products and solutions into differentiated industrial applications, including composite resins, industrial fastening solutions, and other innovative solutions for industry.
“The acquisition of Nida-Core will allow us to build immediately upon our composite and engineered materials product portfolio,” said Patrick Deconinck, vice president and general manager, Industrial Adhesives and Tapes Division (IATD).
3M has also completed its acquisition of the tape-related assets of Alpha Beta Enterprise Co. Ltd., a leading manufacturer of box sealing tape and masking tape headquartered in Taipei, Taiwan. The acquisition reportedly allows 3M to increase its manufacturing footprint in the Asia Pacific region and expand its product line for high-volume masking and packaging tapes. The Alpha Beta Tape Business is now a part of 3M’s Industrial Adhesives and Tapes Division GTA business unit.
For additional details, visit www.3m.com, www.nida-core.com or www.alphabetaco.com.
Momentive Specialty Chemicals Inc. recently announced that it has completed the sale of its global Ink & Adhesive Resins (IAR) business to Harima Chemicals Inc. The IAR business achieved 2009 annual revenues of $279 million and is one of the world’s leading suppliers of resins and additives to the graphics arts, adhesives, aroma chemical, synthetic rubber, and specialty coating industries.
Harima’s purchase included the complete business, including 11 manufacturing facilities on five continents and the IAR global product portfolio. The IAR management team and approximately 650 global associates also joined Harima at closing.
For more information, visit www.harima.co.jp/en or www.momentive.com.
Univar Inc. has completed its acquisition of Basic Chemical Solutions LLC (BCS), a global distributor and trader of commodity chemicals. Concurrent with the close of the acquisition, Mark Byrne, president and CEO of BCS, was appointed executive vice president and COO of Univar.
“This has been a tremendous year for Univar, culminating with the acquisition of BCS,” said John Zillmer, president and CEO, Univar. “Heading into 2011, Univar is very well-positioned with our expanded global distribution network, enhanced global sourcing capabilities and unique value-added services. I am very pleased that Mark Byrne has joined the executive team, as his experience and leadership will ensure a seamless transition for BCS and help us to deliver enhanced value for customers and suppliers worldwide.”
Univar has also signed an agreement to acquire leading Turkish chemical distributor Eral-Protek. Istanbul-based Eral-Protek distributes a range of products, including a number of exclusive lines, and has a strong focus on specialty chemicals, which aligns with Univar’s own specialty chemical offering.
In addition, has completed its acquisition of the Quaron business in Belgium and the Netherlands.
“There is a strong strategic and cultural fit between the two companies,” said John van Osch, president, Univar Europe, Middle East, and Africa. “The expanded product portfolio and increased logistical capabilities provide major benefits for both customers and suppliers, as well as supporting our growth plans in the region. The acquisition gives Univar a more balanced geographical spread between the Netherlands and Belgium and offers employees an even wider scope for career progression.”
Additional details are available at www.univar.com, www.univareurope.com, www.basicchem.com, www.eral-protek.com or www.quaron.fr/index.php.