Articles Tagged with ''divestment''

As part of its portfolio optimization in the Consumer Brands business, announced in February 2022, Henkel signed an agreement to sell its Retailer Brands business in North America to an affiliate of First Quality Enterprises LLC. 

The global chemical company OQ Chemicals has sold its Dutch esters plant in Amsterdam, The Netherlands, to Perstorp Group.

The sale is aligned with Berry’s strategy to transition its portfolio toward consumer-focused end markets. 

Along with the divestment, the company is realigning its building and construction market segments into a newly named global business unit.  

PPG has completed the sale of its silicas products business to Warsaw, Poland-based QEMETICA for approximately $310 million in pre-tax proceeds. 

Specialty chemicals company LANXESS recently signed a contract to sell its Urethane Systems business to Japanese UBE Corp. 

PPG announced that it has reached a definitive agreement to sell its silicas products business for approximately $310 million in pre-tax proceeds.

3M has completed its planned spin-off of its health care business, now Solventum Corp., and the new company's stock is now listed on the New York Stock Exchange.

Trinseo has started a sale process for its 50% ownership in Americas Styrenics LLC, the company's joint venture with Chevron Phillips Chemical.

The record date for the spin-off was March 18, 2024, and the distribution date for the new stock is set for April 1, 2024.