Sika AG announced it has agreed to acquire King Packaged Materials Company, an independent Canadian manufacturer of dry shotcrete and mortars for concrete repair. Sika said, with the acquisition, it will further expand geographical footprint in Canada and improve growth potential in the home improvement, construction, mining and tunneling markets.
King is a family owned business and a manufacturer of products for the construction and mining industry as well as for the home improvement distribution channel. The portfolio includes shotcrete solutions, grouts, and repair and masonry mortars.
The acquired business generated annual sales of CHF 61 million. Closing of the transaction is expected to take place in the second quarter 2019.
Source: RTT News
INEOS Inovyn announces a new Ultra Low Carbon range (ULC) of Chlor-Alkali products that reduce the carbon footprint of caustic soda, caustic potash and chlorine by up to 70% compared to industry averages. The new range uses renewable energy sources to power INEOS Inovyn manufacturing sites.
Solvay operates seven soda ash plants worldwide. Beyond Green River, coal is being phased out at two of the company’s plants in France and Germany. By the end of 2024, the Rheinberg, Germany site will become the first soda ash plant in the world to be powered primarily with renewable energy.
The Chemours Company has named Pamela Fletcher to its board of directors, effective March 1. Fletcher, formerly the chief sustainability officer at Delta Air Lines Inc., takes the seat of Sandra Phillips Rogers, who has opted not to stand for reelection to the company’s board.