The all-cash transaction is valued at up to $285 million, excluding customary working capital and other adjustments.
November 4, 2020
Huntsman Corp. recently announced that it has sold its India-based do-it-yourself (DIY) consumer adhesives business, part of the Advanced Materials division, to Pidilite Industries Ltd.
Innovative Chemical Products reports that Leeson’s portfolio of solutions for building and construction, insulation, sports surfaces, waterproofing, and others will be highly complementary to the Building Solutions Group portfolio.
October 28, 2020
Innovative Chemical Products (ICP) recently announced its acquisition of Leeson Polyurethanes, a UK-based manufacturer of polyurethane adhesives and coatings used in a variety of sectors and markets.
Gelest produces silicones, organosilanes, metal-organics, and specialty monomers technology for high-growth materials science-intensive applications.
October 16, 2020
Gelest recently announced that it has completed the sale of Gelest Intermediate Holdings to Mitsubishi Chemical America, Inc., the U.S. subsidiary of Mitsubishi Chemical Corp.
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 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 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.
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 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.