German chemical company Evonik Industries AG said Friday it was in talks with J.M. Huber Corp. to buy the U.S. company’s silica business, which has annual revenue of around $300 million.
A possible price tag of $630 million, reported by newspaper Westdeutsche Allgemeine Zeitung, is “in the range of what one would assume,” said Evonik spokesman Jörg Wagner. Evonik’s supervisory board hadn’t approved the deal yet but would meet later on Friday, he added.
By Friedrich Geiger
Trinseo (NYSE: TSE), a specialty material solutions provider, announced it has initiated an information and consultation process with the Works Council of Trinseo Deutschland GmbH regarding the potential closure of its styrene monomer production site in Boehlen, Germany.
H.B. Fuller Company announced that Celeste Mastin, Executive Vice President and Chief Operating Officer, will succeed Jim Owens as H.B. Fuller’s President and Chief Executive Officer, effective December 4, 2022. Upon assuming the role, Mastin will also join the Company’s Board of Directors, replacing Owens, who will be retiring.
New LyondellBasell CEO Peter Vanacker, who joined the company from Neste in May, today named his senior executive team and outlined organizational changes, including creation of a circular and low-carbon solutions business. All changes will be effective 1 October.