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Acquisition for Omya UK
Industry
US upgmde for additive
/999]eep@ Grand Cherokee Dow Chemical is to purchase Union Carbide in an all-stock deal worth $11.6 billion. Union Carbide shareholders will receive 0.537 of a Dow share for each Union Carbide share. Union Carbide shareholders will own approximately 25% of the new Dow, which will have its headquarters in Midland, Michigan, USA - the current home of Dow Chemical. This latest merger in the industry creates a company with a combined annual turnover of $24 billion, operating profits of $3 billion and 49,000 employees. Cost savings are expected to be achieved within
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kpisition
industry. The deal is said to increase the company’s presence in key market areas and complements existing manufacturing and distribution operations. Customers will have a wider choice of materials from one source.
colluboration
Rapra Technology has signed a collaborative agreement with CUTEC to promote its cure simulation system VACAMLabTM. Under the terms of the agreement, Rapra will provide a route to market and aims to increase market awareness of VACAM-Lab, primarily through web-based activiries.
progmmme feeders designed to help the man&cturer with old additive feeders to upgrade to newer, more efficient pieces of equipment. AlI makes and models of additive feeders are eligible for exchange., The company believes that the scheme is a first for the industry and will allow companies to receive payment for old machines without having to use a used equipment dealer.
.-“--
for Omya UK
Omya UK has purchased Larfarge Redland Industrial Minerals, a division of Larfarge Redland Aggregates. The company says that the acquisition consolidates Omya UK’s position as a leading supplier of industrial minerals and speciality chemicals to the plastics
Sofiware
two years. Dow Chemicals’ president and chief executive off& William Stavropoulos said that the merger starts the growth phase of the company’s strategy to make Dow “the worlds most productive, best ‘value-grow& company in the chemicals industry”. The combined company aims to reach annual earnings per share growth in excess of 10%. William Joyce, chairman and chief executive offtcer of Union Carbide, will join Dow’s board of directors as vice-chairman. One other Union Carbide director will also join the Dow board.
Romax Inc., the North American distributor of Movacolor additive feeders, has launched a trade-in programme to allow companies to upgrade their old equipment. Manufacturers can return old additive feeders to Romax and they will receive a credit towards the purchase of a new Movacolor unit. According to Romax? I..es Pollitt: “This programme is
News
for Rapt-a
Manager of Rap& Electronic Information Group Mark Gaddes added: “The agreement enables us to use the simulation system in our own consultancy and research work and at the same time enhances our growing portfolio of third party software.”
q
European
acquisition
US company Geon has acquired privately owned Acrol Holdings, a leading UK formulator of vinyl plastisols. The plasticized compounds are used in such applications as automotive interiors, wallcoverings and metal and fabric coatings. The company is also a distributor of compounding additives and manufactures a range of speciality polymer-coated textiles. Geon anticipates that Acrol’s 1999 sales will be approxunately $17 million. “We have stated our intent to expand our product offering globally,” said Thomas Waltermire, president and chief executive officer of Geon. Plastics
Additives
for Geon
“Acrol is a strategic addition to our speciality resin and formulator group because of its focus on high-end, value-added applications. This acquisition will provide us with a platform to expand our market and technology strengths within the European market.” Founded in 198 1 Acrol has manufacturing sites at Widnes and Bolton in the UK and employs 55 people. The acquisition follows on from Geon’s three acquisitions of vinyl formulator businesses in 1998: Plast-0-Merit, Wilflex and Adchem. These operations have a combined annual sales of $110 million.
& Compounding
August/September
1999
US upgmde for additive
/999]eep@ Grand Cherokee Dow Chemical is to purchase Union Carbide in an all-stock deal worth $11.6 billion. Union Carbide shareholders will receive 0.537 of a Dow share for each Union Carbide share. Union Carbide shareholders will own approximately 25% of the new Dow, which will have its headquarters in Midland, Michigan, USA - the current home of Dow Chemical. This latest merger in the industry creates a company with a combined annual turnover of $24 billion, operating profits of $3 billion and 49,000 employees. Cost savings are expected to be achieved within
---
kpisition
industry. The deal is said to increase the company’s presence in key market areas and complements existing manufacturing and distribution operations. Customers will have a wider choice of materials from one source.
colluboration
Rapra Technology has signed a collaborative agreement with CUTEC to promote its cure simulation system VACAMLabTM. Under the terms of the agreement, Rapra will provide a route to market and aims to increase market awareness of VACAM-Lab, primarily through web-based activiries.
progmmme feeders designed to help the man&cturer with old additive feeders to upgrade to newer, more efficient pieces of equipment. AlI makes and models of additive feeders are eligible for exchange., The company believes that the scheme is a first for the industry and will allow companies to receive payment for old machines without having to use a used equipment dealer.
.-“--
for Omya UK
Omya UK has purchased Larfarge Redland Industrial Minerals, a division of Larfarge Redland Aggregates. The company says that the acquisition consolidates Omya UK’s position as a leading supplier of industrial minerals and speciality chemicals to the plastics
Sofiware
two years. Dow Chemicals’ president and chief executive off& William Stavropoulos said that the merger starts the growth phase of the company’s strategy to make Dow “the worlds most productive, best ‘value-grow& company in the chemicals industry”. The combined company aims to reach annual earnings per share growth in excess of 10%. William Joyce, chairman and chief executive offtcer of Union Carbide, will join Dow’s board of directors as vice-chairman. One other Union Carbide director will also join the Dow board.
Romax Inc., the North American distributor of Movacolor additive feeders, has launched a trade-in programme to allow companies to upgrade their old equipment. Manufacturers can return old additive feeders to Romax and they will receive a credit towards the purchase of a new Movacolor unit. According to Romax? I..es Pollitt: “This programme is
News
for Rapt-a
Manager of Rap& Electronic Information Group Mark Gaddes added: “The agreement enables us to use the simulation system in our own consultancy and research work and at the same time enhances our growing portfolio of third party software.”
q
European
acquisition
US company Geon has acquired privately owned Acrol Holdings, a leading UK formulator of vinyl plastisols. The plasticized compounds are used in such applications as automotive interiors, wallcoverings and metal and fabric coatings. The company is also a distributor of compounding additives and manufactures a range of speciality polymer-coated textiles. Geon anticipates that Acrol’s 1999 sales will be approxunately $17 million. “We have stated our intent to expand our product offering globally,” said Thomas Waltermire, president and chief executive officer of Geon. Plastics
Additives
for Geon
“Acrol is a strategic addition to our speciality resin and formulator group because of its focus on high-end, value-added applications. This acquisition will provide us with a platform to expand our market and technology strengths within the European market.” Founded in 198 1 Acrol has manufacturing sites at Widnes and Bolton in the UK and employs 55 people. The acquisition follows on from Geon’s three acquisitions of vinyl formulator businesses in 1998: Plast-0-Merit, Wilflex and Adchem. These operations have a combined annual sales of $110 million.
& Compounding
August/September
1999