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Barentz to Acquire Maroon Group

The terms of the acquisition, which is expected to close this quarter, were not disclosed.

October 19, 2020

Barentz International has entered into a definitive, written agreement to acquire Maroon Group.

Gelest Closes Sale to Mitsubishi Chemical America, Names Goff Chief Technology Officer

Gelest produces silicones, organosilanes, metal-organics, and specialty monomers technology for high-growth materials science-intensive applications.

October 16, 2020

Gelest recently announced that it has completed the sale of Gelest Intermediate Holdings to Mitsubishi Chemical America, Inc., the U.S. subsidiary of Mitsubishi Chemical Corp.

BASF Closes Divestiture of Construction Chemicals Business

With around 7,500 employees, the Construction Chemicals business operates production sites and sales offices in more than 60 countries and generated sales of about €2.6 billion (~ $3.1 billion) in 2019.

October 8, 2020

BASF recently announced that it has closed the divestiture of its Construction Chemicals business to an affiliate of Lone Star, a global private equity firm.

Ashland Completes Sale of Maleic Anhydride Business to AOC Materials

The transaction was valued at $100 million.

October 6, 2020

Ashland Global Holdings Inc. recently announced that it has closed the sale of its maleic anhydride business and manufacturing facility in Neal, W.Va., to AOC Materials LLC.

Covestro to Acquire DSM’s Coating Resins Business

Covestro agreed to a purchase price of approximately €1.6 billion (~ $1.9 billion), which will be financed through a combination of equity and debt instruments.

October 5, 2020

Covestro recently announced that it has signed an agreement to acquire the Resins and Functional Materials business (RFM) of Royal DSM.

Hexion to Sell Phenolic Specialty Resins, Hexamine, and Forest Products Resins Businesses

The transaction includes approximately 900 associates and 11 manufacturing facilities globally, where phenolic specialty resins and engineered thermoset molding compounds are produced.

October 2, 2020

Hexion Inc. recently announced that it has entered into a definitive agreement to sell multiple businesses to Black Diamond and Investindustrial for approximately $425 million.

Dow Outlines Details of Restructuring Program

Dow is implementing a restructuring program to reduce its global workforce costs by approximately 6% and to rationalize certain manufacturing assets.

October 1, 2020

Dow Inc. recently outlined a series of actions it will take in an effort to achieve structural cost improvement targets as the global economy recovers from the coronavirus pandemic.

Bostik to Acquire Italy-Based Ideal Work

Founded in 1997, Ideal Work reportedly has annual sales of around €10 million (approximately $11.6 million) and employs 25 people.

September 30, 2020

Arkema recently announced that Bostik will reinforce its range of flooring products with the planned acquisition of Ideal Work, an Italian company specialized in added-value decorative flooring technologies.