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.
3M and Dow have announced they are cutting thousands of roles from their global workforces in response to economic pressures. Dow has said it will cut 2,000 jobs across its global workforce (around 5%) in a bid to save US$1bn in 2023. The company says it will also cut costs by shutting down “select assets”, though it did not note where it would halt operations.
Sweden’s state mining firm has discovered what could be Europe’s largest rare earths deposit, and says it could help the bloc reduce its reliance on imports of minerals needed to manufacture clean technologies and meet climate targets.
Henkel and Avantium have been partners since 2019, when Henkel joined the PEFerence consortium. This consortium of partners, coordinated by Avantium, aims to establish an innovative supply chain for FDCA and PEF (polyethylene furanoate).