General business - Articles - Page 198 | Adhesives & Sealants Industry

Atlas Copco to Acquire Scheugenpflug

Scheugenpflug will operate as an independent company within Atlas Copco’s Industrial Assembly Solutions (IAS) division.

November 4, 2019

Scheugenpflug AG recently announced that it has signed an agreement to be acquired by Sweden-based Atlas Copco Group.

Covestro Sales Decline in 2019 Third Quarter Despite Volume Growth

Covestro’s Coatings, Adhesives, Specialties segment reported a drop in core volumes by 4% as a result of weaker demand for coating raw materials from all key industries.

November 4, 2019

In the third quarter of 2019, Covestro reports that it achieved core volume growth of 5.3% over the prior-year period in a continuing challenging economic environment.

Daelim Industrial to Acquire Kraton’s Cariflex Business Unit

The transaction is expected to close in the first quarter of 2020, subject to customary regulatory approvals and other closing conditions as set forth in the purchase and sale agreement.

November 1, 2019

Kraton Corp. recently announced that it has agreed to sell its Cariflex™ business unit to Daelim Industrial Co., Ltd. for a purchase price of $530 million.

Emerald Kalama Chemical Opens New European Central Office in Rotterdam

The new office will house Emerald’s growing team for order fulfillment and technical service, focused on serving customers worldwide for products manufactured at Emerald’s operations in Europe.

October 31, 2019

Emerald Kalama Chemical, a business group of Emerald Performance Materials, recently celebrated the grand opening of a new office in Rotterdam that will serve as the company’s central hub for European operations.

ITW Revenue Declines 3.7% in 2019 Third Quarter

ITW’s revenue of $3.5 billion in the third quarter of 2019 declined by 3.7% compared to the prior-year quarter.

October 31, 2019

Illinois Tool Works Inc. recently reported its results for the third quarter of 2019.

Huntsman Reports Rocky Results for 2019 Third Quarter

Huntsman’s revenues dropped to approximately $1.7 billion in the third quarter of 2019, a decrease of 14%.

October 30, 2019

Huntsman Corp. recently reported its financial results for the 2019 third quarter.

Sika Achieves Record Sales in First Nine Months of 2019

Sika reports that the implementation of the group’s growth strategy will continue in 2019 with the opening of between seven and nine new factories.

October 29, 2019

In the first nine months of 2019, Sika reported high growth and a new sales record of CHF 6 billion (approximately $6 billion).

Maroon Group Opens West Coast Office

Maroon Group reports that it is expanding its operations across North America to support its legacy customers and commercial teams that are embedded on the West Coast.

October 29, 2019

Maroon Group recently announced the opening of a West Coast office in Los Angeles, Calif.