MFG Chemical, a specialty chemical manufacturer of polymers, surfactants and esters, said on Thursday that it has acquired Gulf Bayport Chemicals. GBC has plant operations at Pasadena, Texas, producing maleic anhydride derivatives for the epoxy curing, food starch additives, consumer goods, paper, and oilfield industries. In addition, GBC provides a variety of contract manufacturing, warehouse and transportation services for third parties.
“The acquisition of GBC expands MFG’s geographic footprint into the Gulf Coast, demonstrating commitment to our customers in the region,” said Keith Arnold, CEO of MFG Chemical. The site benefits from direct rail access and an extensive utility infrastructure, providing MFG the opportunity to significantly expand its manufacturing capacity.
MFG’s products are used in the oil field, water treatment, mining, coatings, agricultural and other industrial markets. In June 2017, MFG was acquired by Platte River Equity, a Denver-based private equity firm focused on investments in lower middle market companies across various industrial sectors.
By Natasha Alperowicz
Source: Chemical Week
Under the agreement, Agilyx and Technip Energies will collaborate with INEOS Styrolution and together develop the design and engineering that will serve as the basis for constructing the chemical recycling facility. The group anticipates completion of engineering in 2023, which will form the basis for a financial investment decision.
Michael Grun took over as the new CEO and President of the WeylChem Group of Companies. He was most recently employed as M&A advisor at WeylChem owner International Chemical Investors Group (ICIG). He succeeds Uwe Brunk, who has decided to step down from these functions after four and a half years and will in turn support ICIG in its growth projects in the future.
With this acquisition, Brenntag Essentials expands its business into key focus markets in Asia Pacific, including Singapore, Malaysia, Indonesia, and the Philippines. This is an additional step in Brenntag’s ongoing transformation process, driving its stringent execution of the Brenntag Essentials strategy to strengthen local capabilities and market coverage in high growth markets like Asia-Pacific.