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
BASF will build a commercial scale battery recycling black mass plant in Schwarzheide, Germany. This investment strengthens BASF’s cathode active materials (CAM) production and recycling hub in Schwarzheide. The site is an ideal location for the build-up of battery recycling activities given the presence of many EV car manufacturers and cell producers in Central Europe.
Clariant says it is reducing its number of businesses from five to three, by merging units, under a reorganization that is in line with the company’s purpose-led strategy and cultural transformation. The moves will position Clariant for long-term sustainable growth, the company says.
Chemicals & plastics industry has the most diversified end-use market across all manufacturing industries. The industry returned to growth in 2021 but a supply chain crunch prevented it from becoming stronger. The market is likely to stabilize in the second half of 2022 with a supply-demand balance.
