Mergers/Acquisitions

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With these acquisitions, Seal For Life reports that it has broadened its portfolio of protective coating technologies, expanded its range of applications, and significantly grown its presence in North America.

Chemours’ methylamines business reportedly supplies methylamines products such as MMA, TMA, and DMA to partners in various industries.

The transaction comprises a cash purchase price of approximately $1.93 billion, which includes estimated adjustments to the purchase price for working capital, plus the transfer of up to approximately $76 million in net underfunded pension and other post-employment benefit liabilities.

Schmid Rhyner reportedly generated sales of roughly €50 million (approximately $55.6 million) in 2018, with around 80 employees.

Icynene-Lapolla has annual revenues of approximately $230 million, with manufacturing facilities in Houston, Texas, and Mississauga, Ontario.

Pilot Chemical reports that the acquisition will expand its business into the Mexican market, as well as South and Central America, and provides growth opportunities for the company’s existing surfactants and antimicrobial businesses.