Vantage Specialty Chemicals (Chicago, Illinois) late last week acquired specialty surfactants maker Leuna Tenside GmbH from private equity firms VR Equitypartner (Frankfurt, Germany) and BIP Investment Partners (Luxembourg), the firms say.
Terms of the transaction, including purchase price, were not disclosed. Leuna Tenside is a maker of niche surfactants in the personal care, consumer goods, and industrial markets. It was acquired by private equity from company management in 2015.
Vantage is majority owned by private equity firm H.I.G. Capital (Miami, Florida), which re-acquired it in 2017.
By Vincent Valk
Source: Chemical Week
BASF will build a commercial scale battery recycling black mass plant in Schwarzheide, Germany. This investment strengthens BASF’s cathode active materials (CAM) production and recycling hub in Schwarzheide. The site is an ideal location for the build-up of battery recycling activities given the presence of many EV car manufacturers and cell producers in Central Europe.
Clariant says it is reducing its number of businesses from five to three, by merging units, under a reorganization that is in line with the company’s purpose-led strategy and cultural transformation. The moves will position Clariant for long-term sustainable growth, the company says.
Chemicals & plastics industry has the most diversified end-use market across all manufacturing industries. The industry returned to growth in 2021 but a supply chain crunch prevented it from becoming stronger. The market is likely to stabilize in the second half of 2022 with a supply-demand balance.