Acquisitions - Articles - Page 28 | Adhesives & Sealants Industry

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.

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

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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.

Ashland Completes Sale of Maleic Anhydride Business to AOC Materials

The transaction was valued at $100 million.

October 6, 2020

Ashland Global Holdings Inc. recently announced that it has closed the sale of its maleic anhydride business and manufacturing facility in Neal, W.Va., to AOC Materials LLC.

Top 5 News that Sticks

Bostik’s New Japan Facility Leads the News

Readers last week were most interested in Bostik’s announcement regarding a new facility.

Susan Sutton

October 5, 2020

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

Covestro to Acquire DSM’s Coating Resins Business

Covestro agreed to a purchase price of approximately €1.6 billion (~ $1.9 billion), which will be financed through a combination of equity and debt instruments.

October 5, 2020

Covestro recently announced that it has signed an agreement to acquire the Resins and Functional Materials business (RFM) of Royal DSM.

Hexion to Sell Phenolic Specialty Resins, Hexamine, and Forest Products Resins Businesses

The transaction includes approximately 900 associates and 11 manufacturing facilities globally, where phenolic specialty resins and engineered thermoset molding compounds are produced.

October 2, 2020

Hexion Inc. recently announced that it has entered into a definitive agreement to sell multiple businesses to Black Diamond and Investindustrial for approximately $425 million.

Bostik to Acquire Italy-Based Ideal Work

Founded in 1997, Ideal Work reportedly has annual sales of around €10 million (approximately $11.6 million) and employs 25 people.

September 30, 2020

Arkema recently announced that Bostik will reinforce its range of flooring products with the planned acquisition of Ideal Work, an Italian company specialized in added-value decorative flooring technologies.