Indorama buys Europe’s largest PET recycler
Major global PET supplier Indorama Ventures is set to own Europe’s largest PET recycler - Wellman International.
Acquisitions
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Sibur acquires JSC Acrylate
Sibur has bought JSC Acrylate - the only CIS-based producer of acrylic acid and its esters - from ATEK Group.
Evonik exits carbon black business
German Evonik Industries, a global leader of chemicals completed the sale of its black carbon activities to the US based investors Rhône Capital and Triton Partners. Carbon black activities brought sales worth of around €1.2 billion in 2010. New business operates as Orion Engineered Carbons.
Braskem is buying Dow to conquer PP market
Braskem SA from Brazil, the leading resin producer in the Americas has udertaken an important step in the polypropylene market and will pay $323 million for the acquisition of the Polypropylene Business from The Dow Chemical Company.
La Seda de Barcelona sells its PET plant in Portugal
La Seda de Barcelona (LSB) and the company Control PET, SGPS, S.A, an investee of Imatosgil and Banco Espirito Santo, have formalised a sale-purchase agreement for the Portalegre based PET production plant Artenius Portugal.
Amut acquires plastics and rubber recycling business
Italy’s Amut acquires plastics and rubber recycling business.
Graham Packaging to be acquired by Reynolds Group
Graham Packaging Company Inc. have announced the signing of a definitive merger agreement, and an amendment thereto, under which Graham Packaging will be acquired by Reynolds Group Holdings Limited in an all-cash transaction for $25.50 per share, or a total of approximately $4.5 billion including assumed indebtedness.
Mauser NCG acquires majority shares of Italian IBC reconditioner
Mauser’s reconditioning subsidiary National Container Group (NCG) acquired the majority shares of the Italian company Maider IBC, a leading reconditioner of IBCs.
Negri Bossi takes over Sytrama and Roboline
The products made by these two companies, operating in the plastic processing machine automation sector, complete the Negri Bossi injection machine range.
Berkshire Partners and OMERS Private Equity to acquire Husky International
Berkshire Partners LLC, the Boston based private equity firm, and OMERS Private Equity Inc., the private equity arm of the OMERS Worldwide group of companies, today announced that they have signed a definitive agreement to jointly acquire Husky International Ltd. and its subsidiaries ("Husky") from Onex Corporation and its affiliated funds.
Clariant acquires Süd-Chemie
Chemical company Clariant now holds 96.15% of Süd-Chemie after closing a deal to acquire the company from One Equity Partners and the family shareholders. The overall transaction value amounts to approximately €1.9bn.
Graham Packaging bids for machine maker Techne
The plastic bottle blowmolding giant is adding to its presence in the machine manufacturing market with its decision to purchase Techne, an Italian manufacturer of extrusion blowmolding machinery.
