
Carlyle Leads Potential BASF Coatings Deal
Private equity firm Carlyle is leading discussions to acquire the coatings division of German chemical giant BASF, a source familiar with the matter told Reuters.
Private equity firm Carlyle is leading discussions to acquire the coatings division of German chemical giant BASF, a source familiar with the matter told Reuters.
New facility will focus on crosslinkers and binders, with the potential to test tens of thousands of formulations per year. Digitalization and automation enable data-driven research and development, while networked robotics allow more efficient data generation for segment-specific application testing.
Carbon Waters recently reached a major milestone with the installation of its first production unit at its facility in Pessac.
BASF's Coatings division has inaugurated its new application and technical center in Jiangmen, China, which is located within the site of BASF Coatings (Guangdong) (BCG).
A newly updated and automated production line is operational at AkzoNobel’s Suzhou site in China. The improvements are part of a €14 million investment to accelerate growth and double the plant’s marine and protective coatings capacity by 2025.
BASF is to invest in the expansion of its advanced additives plant at Nanjing, China. The expansion includes a state-of-the-art production line for the company’s high-performance controlled free radical polymerization (CFRP) dispersants used in the coatings industry. The new line is planned to start up by the end of 2025.
AkzoNobel has signed a strategic agreement with China’s Wuxi El Pont Radiation Technology to develop a pioneering process that uses electron beams to cure coatings on metal substrates.
PPG has completed an expansion of its powder coatings plant in Sumaré, Brazil. The $2.7 million project increased the production capacity of the facility by 40%. The unit is expected to reach full capacity this month.
Interview with Alban Chesneau and Nicolas Castet, Carbon Waters
H.B. Fuller, which bills itself as the world’s largest pure-play adhesives provider, has announced the completion of two strategic acquisitions that it said will accelerate the transformation of the US company’s portfolio toward more highly specified applications and enhance diversification of its Construction Adhesives (CA) business.
Brenntag is to acquire Chinese distributor Shanghai Saifu Chemical Development for an undisclosed sum. The transaction is expected to close later this year.
After years of little or no movement on regulation of per- and poly-fluorinated alkyl substances (PFAS), Europe and the US, separately, are now preparing legislation to contain them.
Brenntag has agreed to acquire Aik Moh Group, headquartered in Singapore and covering Southeast Asian markets for industrial chemicals. Financial terms of the transaction were not disclosed.
Dutch coatings technology specialist Stahl has completed the acquisition of ICP Industrial Solutions Group (ISG). The major producer of high-performance coatings for packaging and labeling applications is a division of Innovative Chemical Products (ICP).
Univar has acquired ChemSol, a leading ingredients and specialty chemicals distributor operating in Costa Rica, Guatemala, El Salvador, Panama, and Honduras. Financial terms were not disclosed.
Colorcon, a US-based globally active manufacturer of pharmaceutical film coatings and specialty excipients, has signed a Put agreement to purchase Airnov Healthcare Packaging from compatriot private equity firm Arsenal Capital Partners.
IMCD has agreed to buy Parkash DyeChem, a leading Indian distributor of specialty chemicals for construction and printing inks. Financial terms of the deal, which is expected to close next month, were not revealed.
Danish coatings company Hempel has acquired Cap Couleurs’ store network in southeastern France, maintaining its segment leadership in the Var region and supporting its growth initiatives. Financial terms were not disclosed.
IMCD has taken over Japanese specialty distribution company Kuni Chemical for an undisclosed sum. Kuni specializes in industrial applications that range from coatings and construction to automotive and packaging materials.
PPG has announced separate projects in Mexico and the US to expand capacity for powder coatings and adhesives and sealants respectively.
US plastics additives and colorants manufacturer Milliken said it has made a “significant investment” in the coating additives laboratory it acquired in the early 2021 takeover of Borchers Americas.
US paints and coatings group PPG has announced plans to invest more than $10 million to expand production of OEM coatings at its site in Weingarten, Germany. An addition to its existing facility will be able to produce more than 5,000 t/y of waterborne basecoats when it goes on stream in the second quarter of 2022.
Paints and coatings group AkzoNobel is investing €20 million to expand capacity for automotive powder coatings at its site in Como, Italy. The company said the project will strengthen its market position and sharpen its focus on greener manufacturing.