General business - Articles - Page 153 | Adhesives & Sealants Industry

3M to Invest $1 Billion to Achieve Carbon Neutrality, Reduce Water Use, and Improve Water Quality

3M is aiming for a 50% reduction in carbon emissions by 2030, an 80% reduction by 2040, and 100% carbon neutrality in its operations by 2050.

March 1, 2021

3M recently announced it expects to invest approximately $1 billion over the next 20 years to accelerate new environmental goals: achieve carbon neutrality by 2050, reduce water use by 25% at its facilities, and return higher quality water to the environment after use in manufacturing operations.

Sheahan to Succeed McHale as Graco President and CEO

McHale will step down from his CEO and board positions on June 10, 2021, but will remain with Graco Inc. through September 15, 2021, to assist with the leadership transition.

February 26, 2021

Graco Inc. recently announced that Mark W. Sheahan has been appointed president and CEO of the company effective June 10, 2021, succeeding Patrick J. McHale, who announced plans to retire from the company.

Huntsman Appoints McGovern to Board of Directors, Announces Formation of Sustainability Committee

Jeanne McGovern’s appointment is part of the company’s deliberate process of adding financial and accounting expertise to the board.

February 26, 2021

Huntsman Corp. announced the appointment of Jeanne McGovern to its board of directors and also the formation of a committee to oversee matters regarding sustainability.

Sika Announces 2020 Financial Results, Taps Hasler to Succeed Schuler in May

The company reports that its 2020 fiscal year was overshadowed by the COVID-19 pandemic, which had a number of severe effects for the construction and automotive sectors.

February 25, 2021

Sika announced its 2020 financial results, including sales of approximately CHF 7.9 billion (~ $8.8 billion), and the appointment of a new CEO.

Kraton Increases Prices for Pine Chemicals and AMS Portfolio

February 24, 2021

Kraton Corp. announced a general price increase of 10% across its entire Pine Chemicals and AMS portfolio.

Bostik Aims to Strengthen Brazilian Adhesives Business with Poliplas Acquisition

Poliplas is a key player in the Brazilian adhesives market with a strong presence in different distribution channels.

February 24, 2021

Arkema recently announced that Bostik will reinforce its presence in the fast-growing Brazilian construction adhesives market with the planned acquisition of Poliplas Ltda., a producer of hybrid technology sealants and adhesives.

Ashland Reports Solid Performance in First 2021 Fiscal Quarter

Sales were approximately $552 million, up 4% compared to the prior-year period, as growth was realized in all three of Ashland's business groups.

February 23, 2021

Ashland Global Holdings Inc. recently announced preliminary financial results for the first quarter of its 2021 fiscal year, which ended December 31, 2020.

Top 5 News that Sticks

Meridian Adhesives Group’s Latest Acquisition Draws Most Reader Interest

Readers last week were most interested in Meridian’s acquisition of Convergent Concrete Technologies.

Susan Sutton

February 22, 2021

How will recent merger and acquisition activity impact the industry? Please contact me at suttons@bnpmedia.com to share your thoughts.

LANXESS to Acquire Emerald Kalama Chemical

The sale will include all of Emerald's operations in Washington state, the UK, and the Netherlands.

February 22, 2021

Emerald Kalama Chemical recently announced that affiliates of its majority owner, American Securities LLC, have entered into a definitive agreement to sell Emerald to LANXESS AG.

LaFata Named President of Dunmore

Phil LaFata has experience starting manufacturing companies and has held executive leadership positions in plastics casting and coating companies focused on the graphics industry.

February 19, 2021

Dunmore, a Steel Partners company, recently announced that Phil LaFata has been chosen as its new president.