Air Liquide has entered into exclusive negotiations with French private equity firm Hivest Capital Partners for the divestment of its subsidiary CRYOPDP, a supplier of tailor-made life sciences and healthcare solutions.
The decision highlights Air Liquide’s strategy to regularly review its asset portfolio in order to focus on key businesses and geographies to maximise its performances.
The transaction is subject to the signature of a final and definite agreement between the two companies and will be carried out in the framework of the relevant social processes and ongoing dialogue with the employee representatives’ bodies.
By Molly Burgess
Corteva (Indianapolis, Indiana) says it has signed a definitive agreement to acquire Stoller Group (Houston, Texas), a producer of biostimulants and plant nutrition products, for $1.2 billion. Stoller is one of the largest independent biologicals companies globally, with operations in more than 60 countries and more than $400 million in annual sales.
OMV has announced its new corporate structure today, designed to fully enable the delivery of Strategy 2030. The new organization will be built on five distinct areas. In addition to the CEO and CFO areas, three business segments will be established: Chemicals & Materials, Fuels & Feedstock, and Energy.
The European petchem sector is readying for some tough quarters. It’s a different picture in the US. So is this the best time ever to find a new role in the chemical industry? If you are in Europe, you would expect me to say probably not. But actually, it depends. So let me give you four answers to this question.