Latest Posts Under: Chemical Industry News

Hexion to sell paint manufacturing plant in Yumbo, Colombia

Hexion, an Ohio based thermoset resins manufacturer, has signed a deal to divest its paint manufacturing plant in Yumbo, Colombia to a joint venture led by Master Paints & Chemical Corporation for an undisclosed price. The paint manufacturing plant in Yumbo produces decorative paints under the Algreco brand, among others, and also private-label paints. The […]

Ascend Performance to acquire Poliblend and Esseti Plast GD from D’Ottavio

Ascend Performance Materials, a Texas-based polyamide 66 resin producer, has agreed to acquire Poliblend and Esseti Plast GD from D’Ottavio Group. As part of the deal, Ascend Performance Materials will acquire a manufacturing facility located in Mozzate, Italy, Esseti Plast GD’s masterbatch portfolio, and the engineering plastics portfolio of Poliblend, which comprises virgin and recycled […]

Superior Plus acquires Western Propane Service in Southern California

Canada-based Superior Plus has acquired Western Propane Service, a retail propane distribution company in Southern California for an undisclosed price. Established in 1988, Western Propane Service caters to nearly 6,000 retail and commercial customers across Southern California. Luc Desjardins – Superior Plus President and CEO said: “The acquisition of Western is Superior’s first tuck-in acquisition […]

BASF to sell construction chemicals business to Lone Star Funds for €3.1bn

German chemical company BASF has agreed to sell its construction chemicals business to an affiliate of private equity firm Lone Star Funds in an all-cash deal worth €3.17 billion. The construction chemicals business has production sites and sales offices in 60 plus countries and in 2018 had sales revenue of around €2.5 billion. The BASF […]

BASF to sell construction chemicals business to Lone Star Funds for €3.1bn

German chemical company BASF has agreed to sell its construction chemicals business to an affiliate of private equity firm Lone Star Funds in an all-cash deal worth €3.17 billion. The construction chemicals business has production sites and sales offices in 60 plus countries and in 2018 had sales revenue of around €2.5 billion. The BASF […]

Vitol takes full ownership in asphalt trading business VALT

Vitol has taken full ownership in asphalt trading business VALT after acquiring the remaining 50% stake it previously didn’t own from its joint venture partner Sargeant Marine. The VALT bitumen joint venture was established by Vitol and Sargeant Marine in 2016. Sargeant Marine is an asphalt trading, storage and transportation business. The asphalt trading business […]

H2O Innovation to expand specialty products business through Genesys acquisition

H2O Innovation through a wholly-owned UK subsidiary has agreed to acquire Genesys Holdings and its subsidiaries, Genesys Manufacturing, Genesys International and Genesys North America that develop and manufacture specialty chemicals for water treatment. The acquisition valued at £16.95million (C$28.39million) will add to H2O Innovation’s specialty chemicals line of products and complements the company’s existing manufacturing […]

Rinchem to open hazardous materials warehouse in Taiwan

Rinchem said that it will open a new hazardous materials warehouse in Taiwan to be located in Tainan, as per the latest chemical industry news. The hazardous materials warehouse will be the second such facility for Rinchem, which is engaged in provides customized warehousing and transportation solutions for hazardous materials. The first facility has been […]

Maroon Group buys specialty chemicals distributor Cambrian Solutions

Maroon Group acquisition of Cambrian Solutions : Maroon Group, backed by CI Capital Partners, has acquired Cambrian Solutions, an Ontario, Canada-based specialty ingredients and chemicals distributor, increasing the former’s North American presence. Cambrian Solutions, which was founded in 1995, provides specialty ingredients and chemicals to customers in the natural and organic; food; household, industrial, and […]

Maroon Group buys specialty chemicals distributor Cambrian Solutions

Maroon Group acquisition of Cambrian Solutions : Maroon Group, backed by CI Capital Partners, has acquired Cambrian Solutions, an Ontario, Canada-based specialty ingredients and chemicals distributor, increasing the former’s North American presence. Cambrian Solutions, which was founded in 1995, provides specialty ingredients and chemicals to customers in the natural and organic; food; household, industrial, and […]

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