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
PepsiCo Europe and crop nutrition company Yara have announced a long-term partnership aimed at providing European farmers with low-carbon crop nutrition solutions to help decarbonise the food value chain. Under the agreement, Yara will supply PepsiCo with up to 165,000 tons of fertiliser per year by 2030, covering around 25% of the food and beverage giant’s crop fertiliser needs across Europe.
BASF has signed an agreement to sell its flocculants business for mining applications to Solenis, a specialty chemicals manufacturer. The divestment of the flocculants business to Solenis is part of BASF’s ongoing portfolio optimisation with the aim of focusing on strategic core areas.
ADAMA Ltd. a leading crop protection company, announced that its board of directors has appointed Gaël Hili as its President and Chief Executive Officer, effective October 1, 2024. Hili will join the Syngenta Group Leadership Team and will be based in Tel Aviv.
