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.
Source: SBM
The future CEO of thyssenkrupp Uhde, Nadja Håkansson, has held various management positions at Siemens and Siemens Energy and looks back on over 18 years of national and international experience in the areas of supply chain management, operations, sales and corporate management.
Neste and South Korean company Lotte Chemical have partnered on a project to elevate the sustainability profile of chemicals and plastics. The partnership’s ambition is to replace fossil resources with renewable raw materials that offer a lower carbon footprint.
At least the confidence in the chemical sector has been seeing an upward trend and the trade balance is recovering as destocking seems to be coming to an end. Citing projections from the European Central Bank, CEFIC states that the level of inflation is expected to fall from 5.4% in 2023 to 2.3% in 2024.
