Borealis to acquire NOVA Chemicals ownership interest in Novealis
Borealis AG and NOVA Chemicals Corporation today announced they have reached an agreement for Borealis to buy NOVA Chemicals’ 50% ownership interest in Novealis Holdings LLC.
Acquisitions
News Plastech
Covestro closed sale of European PC sheets business
Covestro has successfully closed the sale of its European polycarbonates sheets business to the Munich-based Serafin Group effective January 2, 2020.
Lanxess acquires Brazilian biocide manufacturer
Specialty chemicals company Lanxess is strengthening its position as one of the world’s leading manufacturers of active biocidal ingredients and formulations and has acquired Itibanyl Produtos Especiais Ltda. (IPEL).
Logoplaste and Masterchem, a new partnership
Logoplaste Group has announced (November 22nd 2019) that it has signed an agreement to acquire a majority stake in Polish Masterchem. The transaction is subject to regulatory approvals and is expected to close in the first quarter of 2020.
Alpla moving into HDPE recycling
Acquisition of the two Spanish recycling companies Suminco S.A. and Replacal S.L.
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.
