Sector News

Valspar Acquires Madison Chemical Industries

November 14, 2014
Energy & Chemical Value Chain
(BUSINESS WIRE) – The Valspar Corporation announced today that it has completed the purchase of Madison Chemical Industries, Inc., a coatings manufacturer headquartered in Ontario, Canada. Madison was founded in 1975 and has developed a global reputation for its technically-advanced products used for critical infrastructures such as water transmission pipelines, water and wastewater management, and potable water storage.
 
“We are pleased to welcome the Madison team to Valspar”
 
 “We are pleased to welcome the Madison team to Valspar,” said Gary Hendrickson, Valspar’s chairman and chief executive officer. “Combining Valspar’s existing pipe coating products, global manufacturing and technical resources with Madison’s extensive experience and qualifications in the water infrastructure market provides our customers with a broader array of proven solutions. Bringing four decades of breakthroughs and market leadership into Valspar’s technology portfolio is a big win for our customers.”
 
Financial terms of the transaction were not disclosed.
 
Source: Valspar

comments closed

Related News

July 14, 2024

Europe ethylene spot prices turn firmer on demand, feedstock, looming cracker turnarounds

Energy & Chemical Value Chain

European ethylene spot prices have firmed week on week on the back of better-than-expected demand amid higher feedstock values and an increasing focus on upcoming planned cracker maintenance outages. Spot deals this week have been reported at discounts of 32-35% on the pipeline, prior deals had been at discounts of around 38-39%.

July 14, 2024

Marcel Imwinkelried appointed new Siegfried CEO

Energy & Chemical Value Chain

He will succeed Reto Suter, who has led the Siegfried Group as CEO ad interim since the departure of Wolfgang Wienand on May 1, 2024. Suter will now focus on his role as Chief Financial Officer for Siegfried. Wienand will become CEO of Swiss competitor Lonza.

July 14, 2024

Honeywell acquires Air Products’ LNG technology, business for $1.8B

Energy & Chemical Value Chain

Honeywell Inc. (Charlotte, North Carolina) has reached agreement to acquire Air Products’ (Leigh Valley, Pennsylvania) liquefied natural gas process technology and equipment business for $1.81 billion. The deal is expected to close before the end of the year. The price represents a multiple of 13 times the unit’s estimated 2024 EBITDA.

How can we help you?

We're easy to reach