Platform Specialty Products Corporation announced today that its MacDermid Performance Solutions business, which comprises the Performance Solutions segment, successfully closed the strategic acquisition of HiTech Korea Co., Ltd.
HiTech is an innovative provider of non-conductive electronic adhesives that serve a variety of end-markets including mobile phones, automotive, camera modules and LEDs for consumer devices. Over nearly 30 years, HiTech has developed many quality products that serve numerous large, global customers. The business is based in South Korea with an additional presence in Vietnam.
Scot R. Benson, President of MacDermid Performance Solutions, said “We are excited to welcome HiTech into our portfolio of high-quality businesses around the world. We believe HiTech’s products are very complementary to our existing customer offerings within our global electronics business and believe customers of both companies will benefit from this combination. The team at HiTech brings an impressive culture of innovation and customer service which lies at the heart of all our businesses. This is another great step towards our goal of providing the most comprehensive product portfolio to our loyal customer base.”
Corteva (Indianapolis, Indiana) says it has signed a definitive agreement to acquire Stoller Group (Houston, Texas), a producer of biostimulants and plant nutrition products, for $1.2 billion. Stoller is one of the largest independent biologicals companies globally, with operations in more than 60 countries and more than $400 million in annual sales.
OMV has announced its new corporate structure today, designed to fully enable the delivery of Strategy 2030. The new organization will be built on five distinct areas. In addition to the CEO and CFO areas, three business segments will be established: Chemicals & Materials, Fuels & Feedstock, and Energy.
The European petchem sector is readying for some tough quarters. It’s a different picture in the US. So is this the best time ever to find a new role in the chemical industry? If you are in Europe, you would expect me to say probably not. But actually, it depends. So let me give you four answers to this question.