General business - Articles - Page 165 | Adhesives & Sealants Industry

Top 5 News that Sticks

Sale of BASF Construction Chemicals Business Leads the News

An announcement from BASF regarding the closing of the sale of its Construction Chemicals business drew the most reader interest last week.

Susan Sutton

October 19, 2020

We’ve seen lots of acquisition activity lately. How do you think these moves will impact the industry? Please contact me at suttons@bnpmedia.com to share your thoughts.

Pilot Chemical Announces Leadership Transition

Pamela Butcher will remain on the Pilot board of directors and serve as a special advisor to the chairman.

October 19, 2020

Pilot Chemical Corp. recently announced that Pamela Butcher will step down from her CEO role, effective January 1, 2021.

Barentz to Acquire Maroon Group

The terms of the acquisition, which is expected to close this quarter, were not disclosed.

October 19, 2020

Barentz International has entered into a definitive, written agreement to acquire Maroon Group.

Gelest Closes Sale to Mitsubishi Chemical America, Names Goff Chief Technology Officer

Gelest produces silicones, organosilanes, metal-organics, and specialty monomers technology for high-growth materials science-intensive applications.

October 16, 2020

Gelest recently announced that it has completed the sale of Gelest Intermediate Holdings to Mitsubishi Chemical America, Inc., the U.S. subsidiary of Mitsubishi Chemical Corp.

AkzoNobel powder coatings groundbreaking

AkzoNobel to Build New Powder Coatings Plant in Taiwan

The fully automated plant represents a €20 million (approximately $23.6 million) investment.

October 15, 2020

AkzoNobel recently held a groundbreaking for a new state-of-the-art and sustainable powder coatings plant in Chungli, Taiwan.

Top 5 News that Sticks

Readers Most Drawn to H.B. Fuller’s Third Quarter Performance

Last week, news from H.B. Fuller regarding its financial performance in the third quarter garnered the most reader interest.

Susan Sutton

October 12, 2020

How is COVID-19 impacting your business? I’d love to hear from you! Please contact me at (248) 786-1704 or suttons@bnpmedia.com.

Davenport Named Newest ChemQuest Director

A specialty chemicals industry veteran, Karl Davenport brings over 35 years of global experience to ChemQuest.

October 9, 2020

The ChemQuest Group recently announced that it has hired Karl Davenport to be its newest director.

Sika Shares Details Regarding COVID-19 Impact and Strategic Targets

Members of group management and Sika experts explained how trends such as innovation, digitalization, renovation, and sustainability are opening up opportunities for the company to gain market share during the COVID-19 crisis.

October 8, 2020

At the recent Sika Capital Markets Day 2020 held in Zurich, CEO Paul Schuler confirmed the group’s strategic targets.

BASF Closes Divestiture of Construction Chemicals Business

With around 7,500 employees, the Construction Chemicals business operates production sites and sales offices in more than 60 countries and generated sales of about €2.6 billion (~ $3.1 billion) in 2019.

October 8, 2020

BASF recently announced that it has closed the divestiture of its Construction Chemicals business to an affiliate of Lone Star, a global private equity firm.

M&A Corner

COVID-19: The Black Swan

Though the COVID-19 pandemic caused a major slowdown in merger and acquisition activity, strategic and "bolt-on" deals are still getting done.

Andy Hinz

October 7, 2020

As we headed in to 2020, merger and acquisition (M&A) activity in chemicals and materials was humming along at near-historical levels. High valuations did not seem to deter buyers, with private equity (PE) firms clamoring to place capital and strategic buyers motivated for acquisitions to bolster their growth and help justify their high stock prices.