Mergers/Acquisitions

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AkzoNobel has completed the restructuring of its activities in Pakistan by formally establishing AkzoNobel Pakistan Ltd. as a separate legal entity from ICI Pakistan.

Clifton Adhesives is a major supplier to the aerospace, military, recreational and commercial marine market of thermoplastic and elastomeric adhesives and coatings, which are used in the fabrication of inflatable structures.

The $200 million purchase price, subject to adjustment as provided in the purchase agreement, will be financed with availability under an existing $500 million revolving credit facility.

The acquisition is in line with Kuraray’s strategy to expand its vinyl acetate chemical chains business.

H.B. Fuller Co. recently announced it has signed an agreement to sell its Central American paints business to Compania Global de Pinturas S.A.

The business has been purchased by an investment group led by the current management team. Arkema Inc.

Based in Raymond, NH, Extreme Adhesives supplies methyl methacrylate, anaerobic and cyanoacrylate adhesives to the assembly, maintenance and repair, and architectural and building markets.

Graco Inc. recently announced it has closed on its $650 million acquisition of the Illinois Tool Works Inc. finishing businesses.