Ancala has acquired a portfolio of pipeline-connected sites and storage facilities for the production, storage, and transportation of critical chemical intermediates from Hexion.
The acquisition will significantly strengthen Sika’s position in the fast-growing Saudi and GCC construction markets and expand its product offering in the region.
Akzo Nobel N.V. and Axalta Coating Systems Ltd. have entered into a definitive agreement to combine in an all-stock merger of equals, creating a global coatings company with an enterprise value of approximately $25 billion.
Specialty chemicals distributor Safic-Alcan recently announced the acquisition of a majority stake in a regional specialty chemical distributor in South America.
The agreement represents a significant step in unlocking the value of BASF’s standalone businesses, as the company swiftly executes its Winning Ways strategy.
The acquisition creates a growth platform for Sika in the Nordics, providing opportunities for further market expansion and cross-selling with Sika’s complementary solutions.