Chemicals & Converting

Univar acquires Tagma Brasil

September 22, 2017

Univar Inc. announced today that its wholly owned subsidiary Univar Brasil Ltda. has acquired the stock of Tagma Brasil Ltda. “Brazil has agriculture and agro-food exports of more than $89 billion USD and a domestic market that serves nearly 210 million people. This acquisition expands..

Japan’s Kuraray to buy Calgon Carbon for $1.1 bln

September 21, 2017

Japanese chemical manufacturer Kuraray Co Ltd will buy U.S. activated carbon firm Calgon Carbon Corp for $1.107 billion, Kuraray said on Thursday, adding the carbon materials firm as one of its core businesses. Kuraray said it would buy all of Calgon Carbon’s shares for $21.50..

Johnson Matthey to invest $200 mln in battery material technology

September 21, 2017

Johnson Matthey said it will invest an initial $200 million in expanding its battery material technology business from 2018, aiming to capitalise on growth in the electric vehicle market. The specialty chemicals company said the overall market “could be (worth) more than $30 billion (in)..

Sika wants to step up acquisition drive

September 21, 2017

Sika’s Chief Executive, Paul Schuler, wants to accelerate the Swiss industrial and construction chemicals maker’s acquisition drive with more and bigger deals in the next 15 months. Schuler, who took the reins in May, said he expected to buy up to six companies by the..

Novozymes sees “large, impressive” opportunities in China

September 20, 2017

Novozymes, the world’s largest producer of industrial enzymes, is upbeat on growth opportunities in China. The Denmark-based biotech giant will increase investment in China, including in production and customer-facing activities, as the company’s local business grows, according to Peder Holk Nielsen, president and chief executive..

Linde could lower threshold for Praxair exchange offer

September 20, 2017

German industrial gases group Linde does not rule out lowering the shareholder acceptance threshold for its planned $75 billion merger with U.S. peer Praxair, its chief executive told German magazine Euro. “We don’t expect it will be necessary. But if it were, we would speak..

Bayer delays completing Monsanto acquisition until early 2018

September 20, 2017

Bayer said today that completing its $66-billion deal to acquire Monsanto would be delayed until early next year. Speaking at Bayer’s Future of Farming Dialog press briefing at Monheim, Germany, Liam Condon, president/crop science division at Bayer, said that on 18 September Bayer filed an..

Activist lifts Clariant stake, aiming to scuttle Huntsman deal

September 19, 2017

The activist investor fighting Clariant’s planned $20 billion merger with Huntsman Corp has built a 15.1 percent stake in the Swiss chemicals maker, making it the company’s biggest shareholder. In a letter to Clariant’s board of directors, White Tale Holdings, a vehicle created by investor..

Akzo Nobel names Maarten De Vries as CFO

September 19, 2017

Akzo Nobel said Tuesday that it has appointed Maarten de Vries as its next chief financial officer, effective Jan. 1, 2018. The industrial-paints company said that once Mr. de Vries starts working the current interim CFO, Hans De Vriese, will move into the role of..

BASF to buy Solvay’s polyamide business for 1.6 Billion Euro

September 19, 2017

German chemicals group BASF has agreed to buy the global polyamide business of Belgian rival Solvay for 1.6 billion euros (1.42 billion pounds) excluding debt. BASF said on Tuesday the acquisition would complement its engineering plastics portfolio and enhance its access to key growth markets..