—Chemical merger and acquisition activity cools in first half “” Merger and acquisition activity in the chemical industry slowed during the second quarter, and experts are pointing to economic and geopolitical uncertainty. According to the accounting and consulting firm PwC, the chemical industry agreed to 172 deals in the second quarter, a decline of 7% from the first quarter.
by Alexander H. Tullo | August 03, 2019
—Agilent Completes Varian Acquisition “” Following Federal Trade Commission approval, Agilent has completed its $1.5 billion acquisition of fellow instrument maker Varian, advancing its strategy to become a leader in bioanalytical instrumentation. Completion of the deal, struck in July 2009, was delayed as the two awaited government clearances.
by Marc S. Reisch | May 24, 2010
—Novartis Clinches Alcon Acquisition “” Novartis and Alcon have signed a stock deal valued at $12.9 billion that will complete the Swiss drug company’s acquisition of the eye care giant. Novartis will have spent about $51 billion in total for Alcon, including its acquisition of Nestlé’s majority stake in the firm earlier this year.
by Rick Mullin | December 20, 2010
—Arkema makes two European acquisitions “” Arkema has agreed to buy Lambson, a British producer of photoinitiators for curing polymers used in the electronics, 3-D printing, and composite markets. The price was not disclosed. Lambson has annual sales of about $50 million. Separately, Arkema’s adhesives subsidiary, Bostik, is buying Prochimir, a French producer of thermobonding adhesive films, for an undisclosed sum.
by Alex Scott | August 03, 2019
—CF Spurns Agrium Acquisition Offer “” The board of directors of fertilizer maker CF Industries has rejected an acquisition offer by rival Agrium, calling its proposal of $72.00 per share "grossly inadequate." CF is in the midst of its own effort to acquire Terra Industries, a bid that has been unsuccessful so far.
by Melody Voith | March 16, 2009
—Mexichem Continues Acquisition Spree “” Mexican polyvinyl chloride resin and pipe maker Mexichem has agreed to purchase Dura-Line, a producer of high-density polyethylene pipe, for $630 million from the investment firm CHS Capital. Knoxville-based Dura-Line makes products for conduit, duct, and pressure pipe applications.
by Alexander H. Tullo | August 25, 2014
—Adama Revisits Agchem Acquisition “” Adama, the Israeli off-patent pesticides producer formerly known as Makhteshim Agan, aims to acquire Hubei Sanonda, a pesticide producer based in China. Financial terms were not disclosed. Both Adama and Sanonda are owned by ChemChina. The move is part of Adama’s long-term strategy to acquire a number of agchem businesses from its parent. Because Sanonda’s shares are traded on the Shenzhen Stock Exchange, the acquisition would enable Adama to also be listed on the exchange. Earlier this year, Adama postponed its goal to acquire businesses from its parent after plans to raise funds via an initial public offering on the New York Stock Exchange fell through because of adverse market conditions. /articles/93/i33/Adama-Revisits-Agchem-Acquisition.html 20150824 Concentrates 93 33 /magazine/93/09333.html Adama Revisits Agchem Acquisition pesticide, China, acquisition con bus Alex Scott business Adama Revisits Agchem Acquisition Chemical & Engineering News Adama Revisits Agchem Acquisition Adama Revisits Agchem Acquisition
by Alex Scott | August 24, 2015
—Stepan makes a pair of acquisitions “ ” Stepan has acquired Invista’s aromatic polyester polyols business, which includes plants in Wilmington, North Carolina, and Vlissingen, the Netherlands, and generates about $100 million in annual sales. Stepan is already a major producer of aromatic polyester polyols, which are raw materials for rigid polyurethanes.
by Alexander H. Tullo | February 06, 2021
Acquisition “” Israeli flavors expert Frutarom Industries has agreed to acquire California-based Flavor Specialties Inc. for $17.2 million. FSI specializes in flavors and botanical extracts, primarily for the food and beverage industry. The acquisition implements Frutarom’s plan to strengthen its geographical presence in the U.S.
by Patricia L. Short | March 09, 2009
—Berkshire May Seek More Acquisitions “” Berkshire Hathaway is considering more chemical acquisitions following its purchase of specialty chemical maker Lubrizol last September. “Lubrizol will have many opportunities for ‘bolt-on’ acquisitions in the specialty chemical field,” Berkshire Chairman Warren E.
by Alexander H. Tullo | March 05, 2012