Ecolab Inc., the global leader in water, hygiene and energy technologies and services, has sold the phosphonate component business in China that was acquired as part of its 2015 Jianghai acquisition to Italmatch Chemicals SpA, a leading global specialty chemicals group and phosphonate supplier. Terms of the transaction were not disclosed.
Jeff Bulischeck, executive vice president and general manager, Global Heavy Industries, for Nalco Water, an Ecolab company, commented, “This sale enables us to sharpen our strategic focus on our core offerings and will allow us to accelerate profitable growth in China.”
Ecolab has retained Jianghai’s Service & Formulated business, which provides differentiated products and services to China’s heavy industry water treatment market.
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.