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 (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.
Italy’s Amut acquires plastics and rubber recycling business.
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’s reconditioning subsidiary National Container Group (NCG) acquired the majority shares of the Italian company Maider IBC, a leading reconditioner of IBCs.
The products made by these two companies, operating in the plastic processing machine automation sector, complete the Negri Bossi injection machine range.
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.
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.
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.
Specialty chemical producer Rhodia has completed the acquisition of the engineering plastics business of Indian company PI Industries Ltd (PIIL), after receiving approval of country’s authorities.
Gerresheimer AG, one of the leading worldwide suppliers to the pharma and healthcare industry, has acquired the Brazilian company Védat to strengthen its pharmaceutical plastic packaging business in South America. Védat is a major Brazilian manufacturer of pharmaceutical plastic packaging products, especially plastic closures.
Belgian chemicals and plastics company Solvay has announced plans to acquire Rhodia in a deal valuing the French company at €3.4bn. Solvay is offering €31.60 for each Rhodia share in cash as part of a friendly deal. The new group will have sales of €12bn.
