Avery Dennison Corp. has signed a definitive agreement to acquire the U.S.-based flooring adhesives business of Meridian Adhesives Group for the purchase price of $390 million. The acquisition is subject to certain customary closing and post-closing adjustments. Avery Dennison expects the transaction to close in the fourth quarter. It is not expected to have a […]
Univar Solutions and its Canadian affiliate, Univar Solutions Canada Ltd., (the Ingredients + Specialties division from Univar Solutions) have been appointed the exclusive distributors in the United States and Canada for select BASF specialty ingredients used in industrial applications. The expanded partnership between the two companies aims to provide customers access to Capromer™, 1,6-Hexanediol (HDO®) […]
Bodo Möller Chemie Group has signed an asset purchase agreement with Aqua Engineering Services, a Bengaluru, India-based company, to strengthen its presence in the Indian subcontinent and expand its capabilities in a wide range of industries, including automotive, electronics, and railway. Aqua Engineering Services specializes in fluid transfer in water treatment and industrial adhesive chemical […]
Lamberti and Covestro recently announced Lamberti’s acquisition of Covestro’s East Providence, Rhode Island, site. The sale includes the real estate, equipment, and products produced at the site and preserves the jobs of employees at the East Providence facility. “This acquisition represents a significant step forward for Lamberti, enhancing our position in the PUD technology. It […]
As part of its efforts towards a more sustainable industrial model, Arkema has signed a new, eight-year contract with ENGIE for the supply of biomethane for several Bostik sites in France. The 25 GWh/year contract will cover some 85% of the annual gas consumption of four Bostik sites in France (Coubert, Privas, Ribécourt, and Venette), […]
High-performance silicones and specialty solutions company Momentive Performance Materials Group and Jiangxi Hungpai Material Co. Ltd. (Hungpai), a silicon-based research and manufacturing leader in China, recently announced the signing of a definitive agreement to establish a joint venture focused on the manufacturing, promotion, and sale of silanes in Asia. The partnership combines Momentive’s global […]
Orion S.A. has signed a long-term supply agreement with Contec S.A., which will provide Orion tire pyrolysis oil to produce circular carbon black for tire and rubber goods customers. The agreement with Warsaw, Poland-based Contec further enables Orion to diversify its sources of tire pyrolysis oil, commonly known as TPO. “With the ConPyro® TPO supplied […]
Chemical distributor Gehring-Montgomery announced a new distribution agreement with ddchem of Italy for its epoxy resins and epoxy hardeners for the Mid-Atlantic and Northeast United States. Gehring-Montgomery, based in Warminster, Pennsylvania, is part of TER Chemicals Distribution Group, held by TER Group, a globally active family enterprise organized in three divisions. The divisions specialize […]
The Alliance for Chemical Distribution (ACD) President and CEO Eric R. Byer has released a statement after the International Longshoreman’s Association (ILA) and the United States Maritime Alliance (USMX) announced the tentative agreement for a new six-year master contract. Below is the statement from Byer. “ACD is pleased the ILA and USMX have agreed to […]
Last week, the Alliance for Chemical Distribution (ACD) sent a letter to the International Longshoreman’s Association (ILA) and United States Maritime Alliance (USMX) leadership urging the organizations to postpone the deadline for a contract agreement. In the letter, ACD President and CEO Eric R. Byer outlined the challenges hindering negotiations and emphasized the significant economic […]
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