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.
The Klöckner Pentaplast Group announced that it has acquired the polypropylene (PP) and polystyrene (PS) mono- and multi-layer rigid films commercial activities from AMB s.r.l. (San Daniele del Fruili, Italy) for an undisclosed sum.
Husky Injection Molding Systems today announced its intention to acquire KTW of Waidhofen, Austria, recognized as a global leader in closure mold making.
Indorama Ventures Public Company Limited has signed a definitive share purchase agreement to acquire German company Trevira GmbH through a joint venture with Italy's Sinterama S.p.A. Indorama Ventures will become the majority partner while Sinterama will take a strong management role in the new joint venture company.
INEOS is offered $1 billion by PetroChina for a 50% share in its European refining business.
Promens has acquired Marwin Plastic GmbH, a family owned plastic packaging manufacturer located in Hamburg, Germany.
Resin (Products & Technology) BV, a privately held Dutch specialty-resin compounder, today announced that it is in the process of acquiring the Yparex adhesive tie-layer business of DSM Engineering Plastics.
The German Brückner Group announced today that effective January 31st 2011 Brückner Technology Holding GmbH has acquired all shares of PackSys Global (Switzerland) Ltd., located in Zürich, Switzerland.
Albéa (previously Alcan Packaging Beauty) today announced the acquisition of Betts Group, a leading producer of laminate tubes that operates 6 plants in the UK, Poland, Mexico, India and Indonesia.
Rhodia announces the acquisition of the new guar derivatives production unit belonging to the Suzhou HiPro Polymers company, based at Zhangjiagang in China (Jiangsu Province).
