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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.

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.

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.

Dow Outlines Details of Restructuring Program

Dow is implementing a restructuring program to reduce its global workforce costs by approximately 6% and to rationalize certain manufacturing assets.

October 1, 2020

Dow Inc. recently outlined a series of actions it will take in an effort to achieve structural cost improvement targets as the global economy recovers from the coronavirus pandemic.

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.

Nynas Undergoes Ownership Change

The ownership change is an important step in Nynas’ ongoing company reorganization.

September 23, 2020

Neste recently announced that it has sold its entire shareholding in Nynas to Bitumina, a global bitumen company active in more than 100 countries.

AkzoNobel Gains Low-Cure Technology with Acquisition of Stahl’s Powder Activities

The technology acquired by AkzoNobel includes both UV and thermally curing powders.

September 4, 2020

AkzoNobel recently announced that it has acquired Stahl Performance Powder Coatings and its range of products for heat-sensitive substrates.

SOCMA Acquires Specialty & Custom Chemicals Show

SOCMA reports that it is taking a cautious approach in planning the 2021 event, with the health and safety of exhibitors and attendees of primary concern.

September 3, 2020

The Society of Chemical Manufacturers & Affiliates (SOCMA) recently announced it is returning to trade show ownership with the acquisition of the Specialty & Custom Chemicals Show.

Huntsman to Sell Remaining Interest in Venator Materials for $100 Million

The transaction is subject to regulatory approvals and is expected to close near year-end.

September 2, 2020

Huntsman Corp. recently announced that it has entered into a definitive agreement with funds advised by SK Capital Partners, LP to sell approximately 42.5 million of the shares it holds in Venator Materials PLC for a cash purchase price of approximately $100 million.