PARIS, March 18, 2019 (Press Release) -Safic-Alcan UK, a major distributor of specialty chemicals and subsidiary of the Safic-Alcan Group, announces that it has acquired 100% of Langley-Smith & Company.Read more
ESSEN, Germany, March 4, 2019 (Press Release) -Brenntag (WKN A1DAHH), the global market leader in chemical distribution, today announces the acquisition of New England Resins & Pigments Corporation (NERP), a regional distributor of specialty chemicals and packaging solutions with commercial operations predominantly in the New England states. The company, registered as NERP Holding Co., Inc. and headquartered in Woburn, Massachusetts, USA, services mainly the coatings and constructions, adhesives and other specialty industries.Read more
LAS VEGAS, Feb. 25, 2019 (Globe Newswire) -United Rail, Inc. , a short line railroad consolidator and owner of the SmartRail brand for electronic Precision Railroading and brand licensor, today announced that it has acquired theNew England Southern Railroad, a freight short line railroad, located in Concord, New Hampshire.Read more
STAMFORD, CT, Feb. 12, 2019 (PRNewswire) -Tronox Limited (“Tronox” or the “Company”), a global mining and inorganic chemicals company, today confirmed that it and the staff of the Federal Trade Commission have filed a joint motion with the FTC Commissioners requesting a delay of the remaining appeals deadlines.Read more
NEW YORK, Feb. 6, 2019 (Business Wire) -The Valence Group advised Solenis on its combination with BASF of their paper and water chemical businesses. The combined company will have pro-forma sales of around $3 billion and intends to operate under the Solenis brand. The new combination is positioned to provide expanded chemical offerings and cost-effective solutions for customers in pulp, paper, oil and gas, chemical processing, mining, biorefining, power, municipal and other industrial markets.Read more
WILMINGTON, DE, Feb. 1, 2019 (Press Release) -The combined company will operate under the Solenis name as a global specialty chemical company focused on paper and industrial water technologies.Read more
STAMFORD, CT, Oct. 2, 2018 (PRNewswire) -Tronox Limited, a global mining and inorganic chemicals company, today announced that the 75-day exclusivity period under its Memorandum of Understanding (“MOU”) with Venator Materials PLC has expired without the two companies agreeing on definitive terms of a potential divestiture by Tronox to Venator of the Ashtabula, Ohio, titanium dioxide (“TiO2“) production complex.Read more
AMSTERDAM, Oct. 2, 2018 (Press Release) -Akzo Nobel N.V. (AKZA; AKZOY) has today announced shareholders will receive €5.5 billion, following completion of the sale of the Specialty Chemicals business. This is in addition to €1 billion advance proceeds distributed by a special cash dividend paid on December 7, 2017.
A total of €6.5 billion will have been distributed to shareholders, delivering on a commitment to return the vast majority of €7.5 billion net proceeds, from the separation of the Specialty Chemicals business.Read more
AMSTERDAM, The Netherlands, Oct. 1, 2018 (Press Release) -Akzo Nobel N.V. has today completed the sale of the Specialty Chemicals business to The Carlyle Group and GIC for an enterprise value of €10.1 billion.
Thierry Vanlancker, CEO of AkzoNobel, commented: "Today is a key milestone in the history of AkzoNobel, creating a focused paints and coatings company, with market leading positions, strong global brands, and a clear strategy to create value for all our stakeholders.Read more