11.11.2015 • News

Nov. 18 Closing for Sigma-Aldrich Takeover by Merck KGaA

Nov. 18 Closing for Sigma-Aldrich Takeover by Merck KGaA
Nov. 18 Closing for Sigma-Aldrich Takeover by Merck KGaA

The European Commission has approved the sale of Sigma-Aldrich’s solvents and inorganics business in Europe to Honeywell, finally clearing the path for the US company’s acquisition by Germany’s Merck KGaA for $17 billion. The closing is now scheduled for Nov.18.

Honeywell is paying about €105 million for the assets, which will be integrated into its Fine Chemicals unit. Following completion of the takeover, first announced in September 2014, Sigma-Aldrich’s stock will be delisted from the US NASDAQ exchange.

Interview

The UK Chemical Supply Chain
Trade and Competitiveness

The UK Chemical Supply Chain

The CBA, led by CEO Tim Doggett, is steering the UK chemical supply chain through trade uncertainty, sustainability pressures and logistics challenges, as he explains in this interview with CHEManager.

Special Issue

Circular Plastics Economy
Explore the Future of Plastics

Circular Plastics Economy

This special CHEManager issue explores the industry’s pivotal shift towards a more sustainable, circular plastics value chain. Readers will find expert analysis and real-world solutions for today’s most pressing recycling and regulatory challenges.

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VCI Welcomes US-EU Customs Deal

The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.