Silicones maker Gelest has named Doug Wulffleff v.p./mergers and acquisitions. Wullfleff will be responsible for identifying business opportunities and developing M&A strategies for Gelest.
He was most recent v.p./strategy and corporate development at VWR International, a lab chemicals maker that was acquired by Avantor last year. He had also served in M&A-related roles for a variety of other companies.
In November, Gelest named Ken Gayer, a former Honeywell executive, as its new CEO. Gayer replaced Gelest founder Barry Arkles.
By Vincent Valk
Source: Chemical Week
3M and Dow have announced they are cutting thousands of roles from their global workforces in response to economic pressures. Dow has said it will cut 2,000 jobs across its global workforce (around 5%) in a bid to save US$1bn in 2023. The company says it will also cut costs by shutting down “select assets”, though it did not note where it would halt operations.
Sweden’s state mining firm has discovered what could be Europe’s largest rare earths deposit, and says it could help the bloc reduce its reliance on imports of minerals needed to manufacture clean technologies and meet climate targets.
Henkel and Avantium have been partners since 2019, when Henkel joined the PEFerence consortium. This consortium of partners, coordinated by Avantium, aims to establish an innovative supply chain for FDCA and PEF (polyethylene furanoate).