Sector News

Japan's Kuraray to buy Calgon Carbon for $1.1 bln

September 21, 2017
Chemical Value Chain

Japanese chemical manufacturer Kuraray Co Ltd will buy U.S. activated carbon firm Calgon Carbon Corp for $1.107 billion, Kuraray said on Thursday, adding the carbon materials firm as one of its core businesses.

Kuraray said it would buy all of Calgon Carbon’s shares for $21.50 each, making the Pittsburgh-based company a wholly-owned subsidiary. It said it planned to complete the debt-funded acquisition – which is subject to shareholder and regulatory approval – within the year.

By Thomas Wilson

Source: Reuters

comments closed

Related News

September 22, 2023

ExxonMobil announces startup of $2-billion chemicals expansion in Baytown

Chemical Value Chain

ExxonMobil Corp. (Spring, Tex.) announced the startup of two new chemical production units at its Baytown, Texas, manufacturing facility. The $2 billion expansion is part of ExxonMobil’s long-term growth plans to deliver higher-value products from its U.S. Gulf Coast refining and chemical facilities.

September 22, 2023

Ineos acquires Eramet Titanium & Iron for €230 Million

Chemical Value Chain

Ineos Enterprises has announced the acquisition of Eramet Titanium & Iron (ETI) from Eramet for €230 million ($245 million). The deal was completed on Sept. 21 and takes immediate effect, following the satisfaction of regulatory approvals.

September 22, 2023

Arxada appoints Sanjeev Rastogi as CEO

Chemical Value Chain

Arxada has appointed Sanjeev Rastogi as Chief Executive Officer (CEO), effective immediately. He succeeds Marc Doyle who led Arxada since its foundation and will join the company’s board of directors as a non-executive member.

How can we help you?

We're easy to reach