Acquisitions - news on Plastech

DIC to acquire BASF’s global pigments business

BASF and the fine chemical company DIC have reached an agreement on the acquisition of BASF’s global pigments business. The purchase price on a cash and debt-free basis is €1.15 billion.

Domo Chemicals to acquire Solvay’s PA business in Europe

Domo Chemicals and Solvay have signed an agreement for DOMO to acquire Solvay’s Performance Polyamides Business in Europe. This includes Engineering Plastics operations in France and Poland; High Performance Fibers in France; Polymer and Intermediates operations in France, Spain & Poland.

Lanxess to sell its chrome chemicals business to Brother Enterprises

Specialty chemicals company Lanxess is selling its chrome chemicals business to Brother Enterprises, a Chinese leather chemicals producer. Both companies today, August 12, 2019, signed a respective agreement.

Hillenbrand to acquire Milacron Holdings Corp.

Hillenbrand, Inc. and Milacron Holdings Corp. announced that they have entered into a definitive agreement under which Hillenbrand will acquire Milacron in transaction valued at approximately $2 billion.

KraussMaffei takes over Pultrex

Effective February 21, 2019, KraussMaffei signed a share purchase agreement with Pultrex Ltd., based in Manningtree, Essex/UK.

Reifenhäuser Group acquires Plamex Maschinenbau

As of 18 February 2019, Reifenhäuser Group acquires Plamex Maschinenbau GmbH, Kelberg. Plamex is a specialized supplier of blown film lines and extrusion components.

Erema Group acquires 60 percent stake in Plasmac

Leading manufacturer of recycling machines expands its in-house product range following company participation.

Lanxess completes sale of Arlanxeo to Saudi Aramco

Cologne-based company received proceeds of around EUR 1.4 billion.

The Compound Company acquires controlling stake in Transmare Compounding BV

The Compound Company, based in Enschede, The Netherlands, and new management, have acquired a controlling stake in Transmare Compounding BV, Roermond, The Netherlands, as of December 14th 2018. Current shareholder Henk-Jan Aarsen will retain a minority stake.

Koch-Technik set for further expansion in Mexico

Koch-Technik completed the acquisition of representative agency GiTamsa. New sales and training centre to open in Querétaro in early 2019

Lanxess strengthens global production network for flame retardants

Specialty chemicals company Lanxess plans to strengthen its global asset base for flame retardant additives with investments of around EUR 200 million over the next three years.

Covestro further strengthening of global TPU business

Covestro becomes majority stakeholder in DIC Covestro Polymer joint venture in Japan. Covestro raises stake from 50% to 80%, the partnership with DIC Corporation continues. The Acquisition is a part of Covestro's global growth strategy.

KEBA AG acquires German LTI Motion

With this, KEBA becomes a complete solution provider in the area of industrial automation.

Acquisition of MHT - Krones strenghtens its PET capabilities

Krones, a leading manufacturer of filling and packaging solutions, has acquired MHT Holding AG (MHT). MHT, based in Hochheim, Germany, together with its subsidiaries is providing injecting molding tools and services to the PET industry.

BASF invests in Chinese 3D printing specialist Prismlab

BASF Venture Capital GmbH is investing in Prismlab, a leading provider of 3D printing processes and 3D printers, headquartered in Shanghai, China.