Ingevity Corp. recently announced it has entered into a definitive agreement to sell its North Charleston CTO refinery assets and the majority of its Performance Chemicals Industrial Specialties product line to Mainstream Pine Products, LLC (Mainstream). The transaction is subject to customary and agreed-upon closing conditions and is expected to close by early 2026. “This […]
Dow announced today that the company has signed a sale and purchase agreement to sell its 50% interest in DowAksa Advanced Composites Holdings BV (DowAksa) to Aksa Akrilik Kimya Sanayii A.Ş., a company of Akkök Holding. Aksa Aksa Akrilik Kimya Sanayii A.Ş., the other 50% joint venture partner, has agreed to acquire Dow’s 50% interest. […]
Berry Global Group Inc. has entered into a definitive agreement to sell its Specialty Tapes business (Tapes) to the private-equity firm Nautic Partners, LLC for a purchase price of approximately $540 million. The sale is subject to a number of closing adjustments. According to Berry Global, the Tapes business is a franchise valued by its […]
Specialty chemicals company LANXESS recently signed a contract to sell its Urethane Systems business to Japanese UBE Corp. The enterprise value amounts to €460 million with expected proceeds of around €500 million. With this transaction LANXESS exits the last remaining polymer business. The transaction remains subject to the approval of the relevant authorities. LANXESS expects […]
PPG announced today that the company has reached a definitive agreement to sell its silicas products business for approximately $310 million in pre-tax proceeds to QEMETICA S.A., a Warsaw, Poland-based, privately held manufacturer of soda ash, silicates, and other specialty chemicals. The transaction is expected to close in the fourth quarter of 2024, subject to […]
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