US-based leading speciality chemicals firm Gabriel Performance Products has acquired a selected portfolio of alkyd resins from Deltech Resin.
Terms of the transaction were not disclosed. The acquisition included a subset of Deltech’s alkyd resin product line, which will now be manufactured at Gabriel’s facility in Harrison City, Pennsylvania.
At the Harrison City facility, Gabriel currently produces Ranbar alkyd resin technology.
Deltech manufactures speciality alkyds and other products for the coatings market. The company expects no changes to its facility in New Cumberland, West Virginia.
Gabriel manufactures a line of speciality proprietary products focused on CASE and custom-developed chemicals using complex chemistries and processes.
The company has been expanding its product line through recent acquisitions. The Deltech transaction is Gabriel’s fifth acquisition since 2014.
Gabriel’s recent agreements include its 2017 acquisition of Ranbar Electrical Materials, a custom manufacturer of speciality resins, varnishes and coatings materials.
In April 2018, Gabriel acquired Royce International, a custom solutions provider of speciality epoxy resins, diluents, curing agents, and additives.
Serving speciality chemical markets with scalable, customised solutions since 1955, Gabriel was acquired by Audax Private Equity in 2014 and has since focused on extending its product portfolio, manufacturing capabilities and solutions to better serve more than 1,000 customers worldwide.
Last November, Gabriel launched a new brand messaging platform and website to help communicate its product and service offerings to its customer base.
Source: Chemicals Technology
France has launched an offshore green hydrogen production platform at the country’s Port of Saint-Nazaire this week, along with its first offshore wind farm. The hydrogen plant, which its operators say is the world’s first facility of its type, coincides with the launch of another “first of its kind” facility in Sweden dedicated to storing hydrogen in an underground lined rock cavern (LRC).
The project sets up the Hydrogen Valley in Rome, the first industrial-scale technological hub for the development of the national supply chain for the production, transport, storage and use of hydrogen for the decarbonization of industrial processes and for sustainable mobility.
At first glance, hydrogen seems to be the perfect solution to our energy needs. It doesn’t produce any carbon dioxide when used. It can store energy for long periods of time. It doesn’t leave behind hazardous waste materials, like nuclear does. And it doesn’t require large swathes of land to be flooded, like hydroelectricity. Seems too good to be true. So…what’s the catch?