General business - Articles - Page 178 | Adhesives & Sealants Industry

Palmer Holland Converts to Employee Stock Ownership Plan

This move has reportedly solidified Palmer Holland’s goal to remain an independent specialty chemical and ingredient distributor for the long term.

January 15, 2020

Palmer Holland recently announced that it has converted to a privately held employee stock ownership plan (ESOP) with an ownership team made entirely of employees.

Gabriel Performance Products Acquires Alkyd Resins Portfolio from Deltech Resins

According to Gabriel, the acquired products are highly complementary to its current offering of alkyd resins.

January 15, 2020

Gabriel Performance Products recently announced its acquisition of a select portfolio of alkyd resins from Deltech Resins Co., including the remainder of Deltech’s alkyd resin product line.

ALTANA Announces Plans to Achieve Carbon Neutrality by 2025

In order to further reduce its carbon dioxide emissions, ALTANA is relying on greater energy efficiency, as well as heat and electricity generation, at its worldwide sites.

January 14, 2020

ALTANA recently announced that it will reduce its carbon dioxide (CO₂) impact from production and energy procurement worldwide to zero by 2025.

Top 5 News that Sticks

BASF Builds Massive Interest with Construction Chemicals Divestment

Readers were drawn to another big divestment last week, as BASF announced an agreement to sell its Construction Chemicals Business.

January 13, 2020

Does your company have news to share with the industry? Please send press releases to me at suttons@bnpmedia.com.

Sika Achieves Record Sales in 2019

In a challenging market environment, Sika reports that its growth in all regions was stronger than the market in 2019.

January 13, 2020

Sika recently announced that it recorded double-digit growth and achieved a sales record of CHF 8.11 billion (approximately $8.3 billion) in the 2019 business year.

Seal For Life Completes Four Acquisitions, Names Oravitz CEO

With these acquisitions, Seal For Life reports that it has broadened its portfolio of protective coating technologies, expanded its range of applications, and significantly grown its presence in North America.

January 10, 2020

Seal For Life recently announced that it has completed the acquisitions of Flame Control Coatings, Highland International, LifeLast, and US Coatings.

Maroon Group Becomes Certified Member of RSPO

As a certified member of the Roundtable on Sustainable Palm Oil (RSPO), Maroon Group will partner with Certified Sustainable Palm Oil producers that comply with a set of environmental and social criteria developed by RSPO.

January 9, 2020

Maroon Group recently announced that it is now a certified member of the Roundtable on Sustainable Palm Oil.

Chemours Sells Methylamines Business Unit to Belle Chemical

Chemours’ methylamines business reportedly supplies methylamines products such as MMA, TMA, and DMA to partners in various industries.

January 8, 2020

The Chemours Co. recently announced that it has sold its methylamines business unit to Belle Chemical Co., an affiliate of Cornerstone Chemical Co.

Huntsman Completes Sale of Chemical Intermediates and Surfactants Businesses to Indorama Ventures for $2 Billion

The transaction comprises a cash purchase price of approximately $1.93 billion, which includes estimated adjustments to the purchase price for working capital, plus the transfer of up to approximately $76 million in net underfunded pension and other post-employment benefit liabilities.

January 7, 2020

Huntsman Corp. has completed the previously announced sale of its chemical intermediates businesses, which includes PO/MTBE, and its surfactants businesses to Indorama Ventures for approximately $2 billion.