- Email: [email protected]
Double acquisition strengthens AkzoNobel's performance coatings portfolio
F O C U S businesses. The acquisition is anticipated to be accretive to BASF’s earnings two years after the deal’s closure. Ciba’s solution-oriented business approach is also anticipated to complement the German firm’s market-facing approach to business. In addition, the merger will bolster Ciba’s research work in such fields as colour, separation rheology, and protection and stabilization. ICIS Chemical Business, 22 Sep 2008, (Website: http://icischemicalbusiness.com)
BASF makes $5.5 bn takeover bid for Ciba German chemical firm BASF intends to purchase Swiss company Ciba Specialty Chemicals for SFR 6.1 bn ($5.5 bn). The merger will strengthen Ciba’s units by gaining access to the German firm’s global research, manufacturing and marketing platform as well as feedstock and intermediates. BASF will benefit from Ciba’s plastics additives, coating effects as well as water and paper treatment businesses. ICIS Chemical Business, 22 Sep 2008, (Website: http://icischemicalbusiness.com)
BASF’s shift to specialities continues with bid for CIBA BASF is proposing to acquire Ciba Specialty Chemicals for SFR 50/share, which pegs Ciba at SFR 3.4 bn ($3 bn) or SFR 6.1 bn including debt and other liabilities. The two firms have entered into a transaction deal, and the offer has been endorsed by Ciba’s board to its shareholders. The merged entity would have pro forma sales of nearly €62 bn/y, 160 major sites, and a workforce of 108,000. The acquisition is expected to reinforce BASF’s bid to expand its specialities business. It will also make BASF the leading plastics additives player with sales of €1.7 bn/y and the second-largest maker of coating effects with sales of €1.9 bn/y. Ciba’s profitability has been hampered by an inability to
OCTOBER 2008
O N
POWDER
hike prices to address rising raw material costs, particularly in its paper chemicals and plastics additives businesses. The company recorded a net loss of SFR 606 M in 2Q 2008. Chemical Week, 22 Sep 2008, (Website: http://www.chemweek.com)
DuPont Europe announces Agion as exclusive antimicrobial feature for Alesta powder coatings Agion Technologies Inc (Agion) and DuPont Powder Coatings in Europe announced that Agion would be the exclusive antimicrobial solution for Alesta powder coatings. DuPont Powder Coatings is a world leader in coating solutions and has one of the most extensive portfolios of new technologies in the industry. Designed for areas where clean is critical, Alesta AM powder coatings with Agion antimicrobial is a safe, effective technology to combat the growth of problematic microbes. Powder coatings made with Agion’s silver antimicrobial compound will protect surfaces from microbes such as bacteria, fungi, yeast, mold and mildew. Agion, Nature’s Antimicrobial, is built directly into products, enabling a self-cleaning surface that provides continuous product protection from microbes and maintains efficacy for the life of the product. Designed for controlled release, silver ions are slowly and continually released from the treated surface and designed to last for the life of the coating. Press release from: Agion Technologies, 60 Audubon Road, Wakefield, MA 01880, UK, tel: +44 781 224 7100, fax: +44 781 246 3340, e-mail: [email protected], website: http://www.agion-tech.com (16 Sep 2008)
C OAT I N G S two acquisitions, which will boost the company’s Car Refinishes and Industrial Finishes businesses. The two deals involve the purchase of durable paint and bright films manufacturer Soliant LLC and the global resilient floor coatings business of Lord Corp, both of which are based in the US. Soliant is a leading supplier of specialized films used in the automotive, marine, architectural and signage industries, many of which are sold under the Fluorex brand. It offers a strong fit with AkzoNobel Car Refinishes and the combination of film and liquid paint will enable the business to offer more choice, and sustainable technologies, to its customers. The deal is subject to regulatory approval, which is expected by the end of Sep 2008. Lord Corporation is a major technology company active in a number of industries including coatings, a market in which AkzoNobel is the global leader. The transaction includes all intangible assets of the company’s resilient floor coatings business that generate revenue in the US, Europe and China. This business supplies coating systems that can protect or preserve the qualities of polymeric and wood flooring. Subject to regulatory approval, completion is expected by the end of Sep 2008. Press release from: AkzoNobel, Strawinskylaan 2555, PO Box 75730, 1070 AS Amsterdam, The Netherlands, tel: +31 20 502 7555, fax: +31 20 502 7666, website: http://www.akzonobel.com (11 Sep 2008)
MARKETS Aerospace coatings
Double acquisition strengthens AkzoNobel’s performance coatings portfolio On 11 Sep 2008, AkzoNobel announced that is to invest almost €50 M in its Performance Coatings activities after agreeing
Aircraft coatings are considered to be the most demanding of all paint systems. They need to endure extreme temperature changes and strong UV exposure at 30,000 feet as well as withstand cracking due to rapid
7
BASF makes $5.5 bn takeover bid for Ciba German chemical firm BASF intends to purchase Swiss company Ciba Specialty Chemicals for SFR 6.1 bn ($5.5 bn). The merger will strengthen Ciba’s units by gaining access to the German firm’s global research, manufacturing and marketing platform as well as feedstock and intermediates. BASF will benefit from Ciba’s plastics additives, coating effects as well as water and paper treatment businesses. ICIS Chemical Business, 22 Sep 2008, (Website: http://icischemicalbusiness.com)
BASF’s shift to specialities continues with bid for CIBA BASF is proposing to acquire Ciba Specialty Chemicals for SFR 50/share, which pegs Ciba at SFR 3.4 bn ($3 bn) or SFR 6.1 bn including debt and other liabilities. The two firms have entered into a transaction deal, and the offer has been endorsed by Ciba’s board to its shareholders. The merged entity would have pro forma sales of nearly €62 bn/y, 160 major sites, and a workforce of 108,000. The acquisition is expected to reinforce BASF’s bid to expand its specialities business. It will also make BASF the leading plastics additives player with sales of €1.7 bn/y and the second-largest maker of coating effects with sales of €1.9 bn/y. Ciba’s profitability has been hampered by an inability to
OCTOBER 2008
O N
POWDER
hike prices to address rising raw material costs, particularly in its paper chemicals and plastics additives businesses. The company recorded a net loss of SFR 606 M in 2Q 2008. Chemical Week, 22 Sep 2008, (Website: http://www.chemweek.com)
DuPont Europe announces Agion as exclusive antimicrobial feature for Alesta powder coatings Agion Technologies Inc (Agion) and DuPont Powder Coatings in Europe announced that Agion would be the exclusive antimicrobial solution for Alesta powder coatings. DuPont Powder Coatings is a world leader in coating solutions and has one of the most extensive portfolios of new technologies in the industry. Designed for areas where clean is critical, Alesta AM powder coatings with Agion antimicrobial is a safe, effective technology to combat the growth of problematic microbes. Powder coatings made with Agion’s silver antimicrobial compound will protect surfaces from microbes such as bacteria, fungi, yeast, mold and mildew. Agion, Nature’s Antimicrobial, is built directly into products, enabling a self-cleaning surface that provides continuous product protection from microbes and maintains efficacy for the life of the product. Designed for controlled release, silver ions are slowly and continually released from the treated surface and designed to last for the life of the coating. Press release from: Agion Technologies, 60 Audubon Road, Wakefield, MA 01880, UK, tel: +44 781 224 7100, fax: +44 781 246 3340, e-mail: [email protected], website: http://www.agion-tech.com (16 Sep 2008)
C OAT I N G S two acquisitions, which will boost the company’s Car Refinishes and Industrial Finishes businesses. The two deals involve the purchase of durable paint and bright films manufacturer Soliant LLC and the global resilient floor coatings business of Lord Corp, both of which are based in the US. Soliant is a leading supplier of specialized films used in the automotive, marine, architectural and signage industries, many of which are sold under the Fluorex brand. It offers a strong fit with AkzoNobel Car Refinishes and the combination of film and liquid paint will enable the business to offer more choice, and sustainable technologies, to its customers. The deal is subject to regulatory approval, which is expected by the end of Sep 2008. Lord Corporation is a major technology company active in a number of industries including coatings, a market in which AkzoNobel is the global leader. The transaction includes all intangible assets of the company’s resilient floor coatings business that generate revenue in the US, Europe and China. This business supplies coating systems that can protect or preserve the qualities of polymeric and wood flooring. Subject to regulatory approval, completion is expected by the end of Sep 2008. Press release from: AkzoNobel, Strawinskylaan 2555, PO Box 75730, 1070 AS Amsterdam, The Netherlands, tel: +31 20 502 7555, fax: +31 20 502 7666, website: http://www.akzonobel.com (11 Sep 2008)
MARKETS Aerospace coatings
Double acquisition strengthens AkzoNobel’s performance coatings portfolio On 11 Sep 2008, AkzoNobel announced that is to invest almost €50 M in its Performance Coatings activities after agreeing
Aircraft coatings are considered to be the most demanding of all paint systems. They need to endure extreme temperature changes and strong UV exposure at 30,000 feet as well as withstand cracking due to rapid
7