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Evonik named to institute for advanced composites manufacturing innovation

11-Feb-2015

Evonik Corporation, Parsippany, USA, was recently named by U.S. President Barack Obama as a key partner of the Advanced Composites Manufacturing Innovation Institute (IACMI), a $250 million public-private partnership of academia, federal and state government, and companies seeking to advance the ...

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Styron Changes Company Name to Trinseo

04-Feb-2015

Styron announced it has changed its name to Trinseo, effective February 1, 2015. The name Trinseo comes from the word “intrinsic,” meaning something is essential and belonging by its nature. The new company name reflects how Trinseo’s technologies and materials play an intrinsic role in the ...

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Vertellus Completes Purchase of Dow's Sodium Borohydride Business

04-Feb-2015

Vertellus closed on its previously announced acquisition of The Dow Chemical Company’s Sodium Borohydride (“SBH”) business. The acquisition expands Vertellus’ life sciences business, adding new process aids and synthesis capabilities to the company’s asset structure. With a state-of-art ...

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PPG Submits Offer to Acquire Majority Interest in Aerospace and Automotive Sealants Businesses of Le Joint Francais

03-Feb-2015

PPGIndustries announced that it has submitted an offer to acquire a majority interest in the aerospace and automotive sealants businesses of Le Joint Français (LJF). LJF is a supplier of sealants and adhesives products for the aerospace and automotive industries and has been a long-term licensee ...

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Jacobs Receives Contract from BP in Belgium

08-Jan-2015

Jacobs Engineering Group Inc. announced that it received a contract from BP Chembel N.V. for basic and detailed engineering services to upgrade its facilities in Geel, Belgium.Under the terms of the contract, Jacobs is installing new equipment and performing upgrades in the facility’s PTA units. ...

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Chevron Phillips Chemical Completes Sale of its Ryton PPS Business to Solvay

07-Jan-2015

Chevron Phillips Chemical Company announced that it has completed the sale of its Ryton® polyphenylene sulfide (PPS) business to Solvay’s Global Business Unit (GBU) Specialty Polymers (Solvay) for $220 million.As part of the transaction, Solvay purchased the Ryton® PPS unit in Chevron Phillips ...

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Emerson acquires Cascade Technologies Ltd.

02-Jan-2015

Emerson announced it has acquired Stirling, Scotland-based Cascade Technologies Ltd., a manufacturer of gas analysers and monitoring systems using Quantum Cascade Laser (QCL) technology. This technology measures multiple gases simultaneously, helping companies improve industrial emissions ...

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Ferro Announces the Sale of Its North America-Based Polymer Additives Business

02-Jan-2015

Ferro Corporation announced that it has completed the sale of the majority of the assets of its Polymer Additives business to Polymer Additives, Inc., a wholly owned portfolio company of H.I.G. Capital, LLC, for approximately $154 million in cash, subject to customary working capital and other ...

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Reichhold Inc. Announces Bidding Procedure for Sale of US Assets

11-Dec-2014

Reichhold Industries, Inc. announced that its US subsidiary, Reichhold, Inc. received approval from the United States Bankruptcy Court for the District of Delaware of certain bidding procedures in connection with the sale of substantially all of its US assets. The approved bidding procedures ...

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Vertellus Acquires Dow’s Sodium Borohydride Business

Acquisition expands Vertellus’ product offerings to pharmaceutical, agrochemical, and industrial sectors

09-Dec-2014

Vertellus has signed a definitive agreement to acquire the Sodium Borohydride (“SBH”) business, including associated assets, from the Dow Chemical Company. Vertellus is a portfolio company of Chicago-based private equity firm Wind Point Partners. Wind Point acquired Vertellus in partnership ...

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