Following its Oct. 5, 2016 acquisition of Bayer Garden and Bayer Advanced consumer businesses, SBM has entered into an agreement to acquire Bayer’s Pasadena, Texas production operations.
The Pasadena site activities focus on formulation, filling and packaging of consumer use pesticide products. The site hosts multiple liquid and dust filling production lines.
“This agreement, as a logical continuation of our October 5th transaction, fits perfectly into our corporate strategy,” said Alexandre Simmler, Global CEO of SBM.
“This will give us the agility and capacity required to meet our aggressive growth ambitions for the U.S. market,” added Jim Van Handel, President of SBM, N.A. “It marks another strategic step in our North American expansion plans.”
The projected sale of the site to SBM is expected to close in late 2017.
Effective from 1 January 2022, Armand Ajdari will be joining Arkema as the Group’s Chief Technology Officer. He will report to Thierry Le Hénaff, Chairman and CEO, and will be a member of the Group management committee.
Ineos Styrolution confirmed its decision to invest into a pilot plant for advanced recycling of polystyrene. The site will be set up in collaboration with Recycling Technologies in Swindon, U.K. It is expected to be operational in the second half of 2022.
The Air Liquide’s Board reviewed the Group’s leadership succession plan and approved the principle of a new form of governance. In this context, when the Board meets at the close of the 2022 Shareholders General Meeting, it will be asked to renew Benoît Potier’s term of office as Chairman of the Board of Directors and to appoint François Jackow to succeed him as Chief Executive Officer with effect from June 1, 2022.