Specialty chemical maker Lubrizol is paying $166 million for rival Nalco's personal care business, which makes ingredients for hair, skin and home care products, the companies said on Wednesday.
Lubrizol said the deal will add to earnings this year. Nalco's unit brought in $45 million in sales in 2010.
Nalco said it was selling the business to focus on its core industrial water, energy and air applications business.
BASF sells a majority stake in its coatings business to the investor Carlyle.
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.
Merck to acquire the chromatography business of JSR Life Sciences, a leading provider of CDMO services, preclinical and translational clinical research, and bioprocessing solutions.
Ineos CEO Ineos calls on European politicians to save the chemical industry.
