This weekly roundup highlights the adhesives, sealants and coatings news stories that garnered the most attention during the previous week on our website, as well as our eNewsletter and social media platforms.
Clariant and Huntsman Corp. recently announced that their Boards of Directors unanimously approved a definitive agreement to combine in a merger of equals through an all-stock transaction.
The merged company will be named HuntsmanClariant. The combination of both companies will reportedly create a leading global specialty chemical company with sales of approximately $13.2 billion and a combined enterprise value of approximately $20 billion at announcement. The transaction is targeted to close by year end 2017.
“This is the perfect deal at the right time. Clariant and Huntsman are joining forces to gain much broader global reach, create more sustained innovation power and achieve new growth opportunities,” said Hariolf Kottmann, CEO of Clariant. “This is in the best interest of all of our stakeholders. Peter Huntsman and I share the same strategic vision and I look forward to working with him.”
Top 5 News that Sticks for May 28-June 3
1. Huntsman and Clariant to Merge
3. Bostik Expands Distributor Network (#3 last week)