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RPM acquires Prochem
FOCUS Additives spin-off. According to the company, the planned spin-off will be named Venator Materials Corp. Huntsman's Textile Effects portfolio includes a number of surfactant-based ranges such as pretreatment wetting and washing agents, scouring products, and dyeing auxiliaries. Original Source: Huntsman, 2017. Found on SpecialChem Adhesives and Sealants Formulation, 19 Jan 2017, (Website: http:// www.specialchem4adhesives.com)
Azelis opens office in Ivory Coast; acquires Ross Organic Azelis has opened a new office in Abidjan, the economic capital and largest city of Ivory Coast. The new office represents Azelis' continued commitment to invest in Africa and to ensure the company has ample room for its planned growth over the next few years. Initially, the company will focus on speciality ingredients for the food & health and personal care markets, where experienced teams from Azelis France will guide the sales development efforts and offer technical support. The company is also planning to expand into the speciality agri/horti area. Azelis has had a presence in Africa since Jun 2015, when it founded its first subsidiary in Africa, Azelis Morocco. In further news from the company, Azelis Americas announced on 17 Jan 2017 the acquisition of Ross Organic, a speciality distributor into the personal care and home care/industrial cleaning markets located in Santa Fe, CA, USA. With this move, Azelis Americas increased its resources and commitment to these speciality growth markets in the Western USA. The Ross Organic brand will remain, along with the employees servicing the western personal care market. Original source: Azelis, 4 & 17 Jan 2017, (Website: http://www.azelis.com) © Azelis 2017
Evonik completes acquisition of Air Products’ speciality additives business Germany's Evonik Industries completed the activities necessary to acquire the speciality additives business (Performance Materials Division) of US company Air Products for $3.8 bn (approximately €3.5 bn) by the end of 2016 as planned ['Focus on Surfactants', Jul 2016]. All relevant antitrust authorities have approved the March 2017
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transaction and the integration of the acquired business is underway. The transaction financing was completed successfully in Sep 2016 and will consist of €1.6 bn of the company's own funds, with the other half to be financed by bonds with a nominal value of €1.9 bn. Annual synergy effects of $80 M are anticipated and should be fully realized by 2020 at the latest. Evonik expects to leverage synergies of €10-20 M in 2017. The acquisition is expected to increase the company's adjusted earnings per share in 2017. The speciality additives division of Air Products has around 1100 employees at 11 production and development facilities and offers customer service worldwide in all important economic regions.
strengthens and extends IMCD's local operations in several industrial sectors, notably coatings and plastics. In addition, Feza Kimya specializes in the distribution of chemical products and instruments for the lubricants, rubber and detergents industries. Feza Kimya employs 23 people and had sales of €8 M in 2015. IMCD employs 1700 and for 2015 posted a €1.53 bn turnover.
Original Source: Evonik, 2017. Found on SpecialChem Adhesives and Sealants Formulation, 4 Jan 2017, (Website: http:// www.specialchem4adhesives.com). Original Source: Farbe und Lack (Online Version), 5 Jan 2017, (Website: http://www.farbeundlack. de/) (in German) © Vincentz Network 2017
The European Commission is allowing longer for its review of the merger planned by Dow Chemical and DuPont. The review was scheduled to be completed on 14 Mar rather than on 28 Feb. The two companies had originally wanted to complete the merger by the end of 2016. A merger would result in a chemical giant with a market capitalization of $122 bn. In related news, DuPont plans to upgrade its Experimental Station in Wilmington, DE, USA, with a budget of $200 M over the next few years before its merger with Dow Chemical. The project includes optimizing its laboratories, upgrading offices and creating space for what the firm dubbed 'networked collaboration and innovation'. The 150-acre complex will be reconfigured to integrate its R&D efforts from similar businesses. The Experimental Station has a few occupants, including chemical producer Chemours which was previously part of DuPont. Furthermore, the Experimental Station upgrade will accommodate the division of DuPont after its integration with Dow. Within two years of the amalgamation, DowDuPont will be divided into three independent companies, including a materials science company based in Midland, MI, and agriculture and speciality products companies in Wilmington. In Dec 2016, Dow announced that it will construct a new R&D centre in Midland with 200 scientists ['Focus on Surfactants', Feb 2017].
RPM acquires Prochem RPM International Inc has acquired two businesses, a manufacturer of commercial floor cleaning equipment and chemicals, and a manufacturer of speciality chemical raw materials. The companies have combined net sales of approximately $42 M/y. Terms of the transactions, which are expected to be accretive to earnings within one year, have not been disclosed. RPM has acquired the Prochem business from Kärcher North America. Prochem is a manufacturer of professional equipment and chemicals for cleaning and restoring carpet, upholstery and hard flooring surfaces. Its cleaning chemicals include detergents, shampoos, spot and stain removers, and deodorizers. Its products are sold by distributors to professional cleaning contractors, primarily in North America. Based in Chandler, AZ, USA, the company has annual net sales of approximately $22 million. In addition, RPM acquired 80% of Arnette Polymers. Original Source: RPM International Inc, 4 Jan 2017 (Website: http://www.rrminc.com) © RPM International Inc 2017
IMCD acquires Feza Kimya’s operations in Turkey Dutch speciality chemicals distributor IMCD has acquired its Turkish counterpart Feza Kimya. The deal
Original Source: Chimie Pharma Hebdo, 16 Jan 2017, (786), (Website: http://www. industrie.com/chimie/) (in French) © ETAI Information 2017
EU extends deadline for review of Dow-DuPont merger
Original Source: Chemie Aktuell, 23 Jan 2017, (Website: http://www.maerkte-weltweit.de) (in German) © MBM Martin Brueckner Medien GmbH 2017. Original Source: Chemical and Engineering News, 16 Jan 2017, 95 (3), 9 (Website: http://cen.acs.org/index.html) © American Chemical Society 2017
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Azelis opens office in Ivory Coast; acquires Ross Organic Azelis has opened a new office in Abidjan, the economic capital and largest city of Ivory Coast. The new office represents Azelis' continued commitment to invest in Africa and to ensure the company has ample room for its planned growth over the next few years. Initially, the company will focus on speciality ingredients for the food & health and personal care markets, where experienced teams from Azelis France will guide the sales development efforts and offer technical support. The company is also planning to expand into the speciality agri/horti area. Azelis has had a presence in Africa since Jun 2015, when it founded its first subsidiary in Africa, Azelis Morocco. In further news from the company, Azelis Americas announced on 17 Jan 2017 the acquisition of Ross Organic, a speciality distributor into the personal care and home care/industrial cleaning markets located in Santa Fe, CA, USA. With this move, Azelis Americas increased its resources and commitment to these speciality growth markets in the Western USA. The Ross Organic brand will remain, along with the employees servicing the western personal care market. Original source: Azelis, 4 & 17 Jan 2017, (Website: http://www.azelis.com) © Azelis 2017
Evonik completes acquisition of Air Products’ speciality additives business Germany's Evonik Industries completed the activities necessary to acquire the speciality additives business (Performance Materials Division) of US company Air Products for $3.8 bn (approximately €3.5 bn) by the end of 2016 as planned ['Focus on Surfactants', Jul 2016]. All relevant antitrust authorities have approved the March 2017
ON
S U R FAC TA N T S
transaction and the integration of the acquired business is underway. The transaction financing was completed successfully in Sep 2016 and will consist of €1.6 bn of the company's own funds, with the other half to be financed by bonds with a nominal value of €1.9 bn. Annual synergy effects of $80 M are anticipated and should be fully realized by 2020 at the latest. Evonik expects to leverage synergies of €10-20 M in 2017. The acquisition is expected to increase the company's adjusted earnings per share in 2017. The speciality additives division of Air Products has around 1100 employees at 11 production and development facilities and offers customer service worldwide in all important economic regions.
strengthens and extends IMCD's local operations in several industrial sectors, notably coatings and plastics. In addition, Feza Kimya specializes in the distribution of chemical products and instruments for the lubricants, rubber and detergents industries. Feza Kimya employs 23 people and had sales of €8 M in 2015. IMCD employs 1700 and for 2015 posted a €1.53 bn turnover.
Original Source: Evonik, 2017. Found on SpecialChem Adhesives and Sealants Formulation, 4 Jan 2017, (Website: http:// www.specialchem4adhesives.com). Original Source: Farbe und Lack (Online Version), 5 Jan 2017, (Website: http://www.farbeundlack. de/) (in German) © Vincentz Network 2017
The European Commission is allowing longer for its review of the merger planned by Dow Chemical and DuPont. The review was scheduled to be completed on 14 Mar rather than on 28 Feb. The two companies had originally wanted to complete the merger by the end of 2016. A merger would result in a chemical giant with a market capitalization of $122 bn. In related news, DuPont plans to upgrade its Experimental Station in Wilmington, DE, USA, with a budget of $200 M over the next few years before its merger with Dow Chemical. The project includes optimizing its laboratories, upgrading offices and creating space for what the firm dubbed 'networked collaboration and innovation'. The 150-acre complex will be reconfigured to integrate its R&D efforts from similar businesses. The Experimental Station has a few occupants, including chemical producer Chemours which was previously part of DuPont. Furthermore, the Experimental Station upgrade will accommodate the division of DuPont after its integration with Dow. Within two years of the amalgamation, DowDuPont will be divided into three independent companies, including a materials science company based in Midland, MI, and agriculture and speciality products companies in Wilmington. In Dec 2016, Dow announced that it will construct a new R&D centre in Midland with 200 scientists ['Focus on Surfactants', Feb 2017].
RPM acquires Prochem RPM International Inc has acquired two businesses, a manufacturer of commercial floor cleaning equipment and chemicals, and a manufacturer of speciality chemical raw materials. The companies have combined net sales of approximately $42 M/y. Terms of the transactions, which are expected to be accretive to earnings within one year, have not been disclosed. RPM has acquired the Prochem business from Kärcher North America. Prochem is a manufacturer of professional equipment and chemicals for cleaning and restoring carpet, upholstery and hard flooring surfaces. Its cleaning chemicals include detergents, shampoos, spot and stain removers, and deodorizers. Its products are sold by distributors to professional cleaning contractors, primarily in North America. Based in Chandler, AZ, USA, the company has annual net sales of approximately $22 million. In addition, RPM acquired 80% of Arnette Polymers. Original Source: RPM International Inc, 4 Jan 2017 (Website: http://www.rrminc.com) © RPM International Inc 2017
IMCD acquires Feza Kimya’s operations in Turkey Dutch speciality chemicals distributor IMCD has acquired its Turkish counterpart Feza Kimya. The deal
Original Source: Chimie Pharma Hebdo, 16 Jan 2017, (786), (Website: http://www. industrie.com/chimie/) (in French) © ETAI Information 2017
EU extends deadline for review of Dow-DuPont merger
Original Source: Chemie Aktuell, 23 Jan 2017, (Website: http://www.maerkte-weltweit.de) (in German) © MBM Martin Brueckner Medien GmbH 2017. Original Source: Chemical and Engineering News, 16 Jan 2017, 95 (3), 9 (Website: http://cen.acs.org/index.html) © American Chemical Society 2017
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