Mergers/Acquisitions - Articles - Page 31 | Adhesives & Sealants Industry

Ashland Completes Sale of Composites Business and Butanediol Facility to INEOS

Net proceeds from the sale are approximately $930 million.

September 9, 2019

Ashland Global Holdings Inc. recently announced that it has completed the previously announced sale of its Composites business (excluding the Maleic business) and butanediol manufacturing facility in Marl, Germany, to INEOS Enterprises in a transaction valued at $1.015 billion.

DIC to Acquire BASF’s Global Pigments Business

DIC reports that its acquisition of BASF Colors & Effects will broaden its portfolio as a global manufacturer of pigments, including those for electronic displays, cosmetics, coatings, plastics, inks, and specialty applications.

September 3, 2019

DIC Corp. recently announced that it has entered into a definitive agreement to acquire BASF’s global pigments business, known as BASF Colors & Effects (BCE).

Meridian Adhesives Group Acquires Epoxies, Etc.

Based in Cranston, R.I., Epoxies, Etc. offers products that are used in the electronic, electrical, construction, and decorative industries.

August 27, 2019

Meridian Adhesives Group recently announced its acquisition of Epoxies, Etc., a resin formulator of epoxies, urethanes, and silicones.

Dow to Sell Acetone Derivatives Business to Altivia

The divestiture includes production assets located in Institute, W.Va., in addition to the site infrastructure, land, and utilities.

August 21, 2019

Dow recently announced that it has reached an agreement for the divestiture of its Acetone Derivatives business to Altivia Ketones & Additives, LLC, an affiliate of Altivia, a privately held producer of chemicals headquartered in Houston, Texas.

Ashland Receives Remaining Regulatory Approvals Related to the Sale of its Composites Business and Butanediol Facility

The companies continue to expect a closing in the late summer of 2019.

August 20, 2019

Ashland Global Holdings Inc. recently announced that it has received the remaining regulatory approvals needed to close the previously announced sale of certain assets of Ashland’s Composites business and butanediol facility in Marl, Germany, to INEOS Enterprises Holdings Limited.

Evonik Closes Sale of Methacrylates Business, Hits FTC Roadblock on PeroxyChem Acquisition

Evonik has closed the sale of its Methacrylates business to Advent International, but the Federal Trade Commission will seek to block its proposed acquisition of PeroxyChem.

August 19, 2019

Evonik recently announced that it has closed the sale of its Methacrylates business to Advent International for €3 billion (approximately $3.3 billion).

Duralar Acquired by AGM Container Controls

Both AGM and Duralar are currently headquartered in Tucson, Ariz.; Duralar will be relocated into the AGM headquarters facility by the end of the year.

August 15, 2019

AGM Container Controls, Inc. recently announced its acquisition of Duralar Technologies, a manufacturer of advanced ultra-hard metal coatings and coating systems.

Huntsman to Sell Chemical Intermediates and Surfactants Businesses to Indorama Ventures for $2.1 Billion

Under the terms of the agreement, Indorama Ventures would acquire Huntsman’s manufacturing facilities located in Port Neches, Texas; Dayton, Texas; Chocolate Bayou, Texas; Ankleshwar, India; and Botany, Australia.

August 14, 2019

Huntsman Corp. recently announced that it has entered into a definitive agreement to sell its chemical intermediates businesses, which includes PO/MTBE, and its surfactants businesses to Indorama Ventures in a transaction valued at $2.076 billion.

Chromaflo Acquires Liquid Colours’ Dispersion Division

The newly acquired colorant dispersion division reportedly includes pigment dispersions and colorant technologies for decorative paint point of sale, in-plant systems, industrial coatings, and other applications that will be integrated into Chromaflo’s recently built plant in Johannesburg.

August 5, 2019

Chromaflo Technologies Corp. recently announced that it has concluded a purchase agreement with Liquid Colours (Pty.) Limited of South Africa.

Nouryon Acquires Metal Alkyls Producer Zhejiang Friend Chemical

Zhejiang Friend Chemical is reportedly the largest China-based producer of triethyl aluminum (TEAL), which is a metal alkyl used in the production of high-volume polymers such as polypropylene and polyethylene.

August 2, 2019

Nouryon recently announced that it has acquired Zhejiang Friend Chemical Co. (Friend).