Arkema has completed the divestment of its Sunclear plastic and aluminum sheet distribution business to BF Invest, its long-term trading party. The business that belongs to the French company’s PMMA arm and employs 354 people has annual sales of around €180 million and an enterprise value of €105 million. Arkema said the divestment of Sunclear is part of its program to shed assets worth €700 and refocus on core businesses.
Carbon black manufacturer Orion Engineered Carbons plans to rationalize production lines in North and South America and EMEA.
Novo Nordisk announced a global workforce reduction of approximately 9,000 positions to streamline operations and reinvest DKK 8 billion (€1 billion) in growth opportunities for diabetes and obesity treatments.
BASF sells a majority stake in its coatings business to the investor Carlyle.
Ineos CEO Ineos calls on European politicians to save the chemical industry.
Merck to acquire the chromatography business of JSR Life Sciences, a leading provider of CDMO services, preclinical and translational clinical research, and bioprocessing solutions.
