Acquisitions - Articles - Page 40 | Adhesives & Sealants Industry

ASK Chemicals to Acquire SI Group’s Industrial Resins Business

The transaction includes SI Group’s industrial resins products and associated manufacturing sites in Rio Claro, Brazil; Ranjangaon, India; and Johannesburg and Durban, South Africa.

July 15, 2019

SI Group recently announced an agreement to sell the majority of its global industrial resin businesses and its Brazilian specialty business to ASK Chemicals, a portfolio company of private equity firm Rhône Group, LLC.

Ashland Announces Amendment to Agreement with INEOS for Composites Business Acquisition

The amendment includes the removal of the maleic business from the sale; the purchase price remains unchanged at $1.1 billion.

July 12, 2019

Ashland Global Holdings Inc. recently announced an amendment to the purchase agreement for the sale of its Composites business and butanediol (BDO) manufacturing facility in Marl, Germany, to INEOS Enterprises.

Gelest Acquires Bimax

Bimax will continue to operate under the Bimax name, and all employees will be retained in their current roles.

July 11, 2019

Gelest, Inc. recently announced its acquisition of Bimax, a manufacturer and marketer of specialty monomers and polymers for use in the manufacture of contact lenses, intraocular lenses, personal care products, coatings and adhesives, and other advanced technology applications.

Synthomer Announces Agreement to Acquire OMNOVA Solutions

OMNOVA Solutions employs approximately 1,900 people and operates 13 sites across the U.S., Europe, and Asia.

July 10, 2019

Synthomer plc recently announced that it has reached an agreement with OMNOVA Solutions Inc. on the terms of a recommended acquisition of the entire issued and to-be-issued share capital of OMNOVA.

Brenntag Expands U.S. Lubricants Business with Acquisition of B&M Oil

B&M Oil generated sales of $28.5 million in 2018.

July 10, 2019

Brenntag recently announced its acquisition of B&M Oil Co., a regional lubricants distributor headquartered in Tulsa, Okla.

ALTANA Acquires Paul N. Gardner

Within the ALTANA Group, the business will be integrated into the Instruments Business Line of the BYK Division (BYK-Gardner).

July 8, 2019

ALTANA recently announced that it has acquired the operating assets of the Paul N. Gardner Co. Inc. (GARDCO) of Pompano Beach, Fla.

Berry Global Announces New Business Structure and Leadership Appointments

Berry’s business structure will now be comprised of four divisions: Consumer Packaging–International; Consumer Packaging–North America; Engineered Materials; and Health, Hygiene, and Specialties.

July 8, 2019

Berry Global Group, Inc. recently announced a new business structure linked to the company’s recent acquisition of plastics and plastic packaging manufacturer RPC Group Plc.

Wacker China silicon elastomers expansion

Top 5 News that Sticks

Wacker’s Capacity Expansion in China is Top News

Readers last week were most drawn to news from Wacker about its new production line in China.

Susan Sutton

July 1, 2019

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

RPM Acquires Commercial Joint Sealant Manufacturer Schul International

Schul’s product line primarily consists of pre-compressed, self-expanding foam tapes, which are used for sealing vertical and horizontal joints in applications that include window seals, precast concrete, modular construction, and concrete façade restoration.

June 17, 2019

RPM International Inc. recently announced that its Tremco business has acquired Schul International Co., LLC, a manufacturer of joint sealants for commercial construction, as well as Willseal LLC, a business that markets and sells Schul products.

H.B. Fuller to Sell Surfactants, Thickeners, and Dispersants Business to Tiarco

H.B. Fuller’s surfactants, thickeners, and dispersants business, based in Dalton, Ga., had fiscal year 2018 sales of approximately $25 million and EBITDA of approximately $8 million.

June 13, 2019

H.B. Fuller Co. recently announced that it has signed a definitive agreement to sell its surfactants, thickeners, and dispersants business to Tiarco, LLC, a wholly owned subsidiary of Textile Rubber and Chemical Co., Inc., for $71 million.