Stek’s Post

Chemical Highlights: our top-five pick of global M&A and senior people moves impacting fine and specialty chemicals markets this week:
 
    Click here to receive the full list: ➡️ https://lnkd.in/eqkaV4zS
 
    1. EUROAPI has completed the acquisition of BianoGMP GmbH, a Contract Development and Manufacturing Organization (CDMO) in the oligonucleotide market. The acquisition aligns with EUROAPI's vertical integration strategy to reinforce its CDMO roadmap.    2. Portugal-based Hovione, a specialist integrated CDMO, acquires ExtremoChem LDA, a start-up with a portfolio of rare sugars, including the synthetic analogues of the natural molecules found in extremophiles. This acquisition expands Hovione's capabilities in spray drying and particle engineering.    3. SK Capital Partners, a private equity firm has completed the acquisition of J&K Ingredients, Inc. from CORE Industrial Partners. Headquartered in New Jersey, USA J&K specialises in natural, organic, and clean label products for food and beverage ingredients.      4. Sasol appoints Simon Baloyi as President and CEO. Simon is currently serving as Executive Vice President, Energy Operations and Technology, and will succeed Fleetwood Grobler. As Simon Boloyi has been with Sasol since 2002, he brings extensive company expertise and management experience to his new role.     5. INVL Baltic Sea Growth Fund and Eco Baltia have successfully acquired 70% of Metal-Plast, a prominent PVC recycler in Poland. With Eco Baltia and INVL Baltic Sea Growth Fund holding 38.5% and 31.5% shares respectively, this strategic move expands their presence in PVC recycling.    #MergersandAcquisitions #CorporateDevelopments #ChemicalIndustry

Today on #Polyestertime (https://lnkd.in/dcMEREnd) you can read: The #Germangovernment is reportedly in the process of devising a #plasticpackaging tax, as disclosed by sources in #Germanmedia #Werner & #Mertz in cooperation with #Alpla has increased the share of #rPET from the #YellowBag to 75% in their #bottles #NorthAmerican #PETrecycling rate drops to 37.8% in 2022: #NAPCOR #Sulzer launches new #biodegradablepolymer for #bioplastics #Tesla: ok to build the largest #Gigafactory in the world The #APRDesign® for #PlasticsRecyclabilityProgram, formerly known as #MeetsPreferredGuidance (#MPG), is undergoing a notable expansion, introducing six additional #packagingcomponents #Minnesota Welcomes #State-of-the-Art #FlexibleFilmRecycling Facility

𝐌𝐚𝐜𝐃𝐞𝐫𝐦𝐢𝐝 𝐄𝐧𝐭𝐡𝐨𝐧𝐞 🌐 𝐚𝐜𝐪𝐮𝐢𝐫𝐞𝐝 𝐀𝐥𝐥-𝐒𝐭𝐚𝐫 𝐂𝐡𝐞𝐦𝐢𝐜𝐚𝐥 𝐂𝐨𝐦𝐩𝐚𝐧𝐲’𝐬 🌟 𝐜𝐡𝐞𝐦𝐢𝐜𝐚𝐥 𝐬𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬! 🎉 𝗜𝗻 𝗝𝗮𝗻𝘂𝗮𝗿𝘆 𝟮𝟬𝟮𝟰, MacDermid Enthone Industrial Solutions, an EIS (Element Solutions Inc.) company & leading surface finishing #technology provider acquired the #AllStar #Chemical Company’s surface finishing & #cleaning chemical solutions. All the proprietary chemical solutions of All-Star’s will be integrated into MacDermid Enthone Industrial Solutions #portfolio. This acquisition will strengthen the MacDermid’s chemical portfolio with industry-leading surface finishing solutions and both the #companies are committed to secure a #profitable & #sustainable future for their customers & the market. 𝑶𝒕𝒉𝒆𝒓 𝒓𝒆𝒍𝒂𝒕𝒆𝒅 𝒓𝒆𝒑𝒐𝒓𝒕:https://bit.ly/3RLiGUe #strategicacquisition #chemicalsolutions #organizations #surfacefinishingindustry #businessstrategy #prophecymarketinsights

International Chemical Investors Group (ICIG) has recently signed an agreement to acquire superabsorbents business of Evonik. The employees at the German sites have also been informed regarding the same. The purchase price (enterprise value) is in the low triple-digit million euro range. International Chemical Investors Group Evonik Thomas Wessel Martin Albers Achim Riemann #ChristianKullman #acquisition #businesstransfer #superabsorbents #essen #germany #chemicalindustry

SOLVINT Strategy Days in the Ardennes ! Yearly appointment with all managing partners to take some distance from the day to day activities to discuss and upgrade the strategy and growth path of SOLVINT GROUP and the different SOLVINT & Bonache operating  companies. The venue? Since many years Chateau Beausaint. Looking forward to 3 fascinating days and to our next chapter ! Always open to discuss - manu.matthyssens@solvint.com #solvint #bonache #procurement #supplychainplanning #logistics #operationalexcellence #strategydays #supplychainmanagement

Exciting news for the coatings industry! 🎉 Grolman Group and Venator Materials Plc have announced an exclusive distribution relationship covering France, the Nordics, Baltics, and India. Grolman Group will distribute Venator's range of Ultramarine and Manganese Violet Pigments. This move solidifies their long-standing collaboration of over 40 years! 💪 Grolman Group is already an exclusive distributor of Venator’s pigments in DACH, Benelux, Eastern Europe, Spain, and Portugal. Venator, a leading manufacturer and marketer of chemical products, offers a broad range of pigments and additives that bring color and life to buildings, extend product life, and help reduce energy consumption. This new distribution relationship is bound to have a positive impact on the coatings industry across these regions, further strengthening the ties between these two prestigious companies! 🌍🤝 READ MORE: https://loom.ly/ZiDaQ2Y | Source: European Coatings #coatingsindustry #grolmangroup #venator #pigments #distribution #partnership

Chemical Highlights: our top-five pick of global M&A and senior people moves impacting fine and specialty chemicals markets this week:
     Click here to receive the full list: ➡️ https://lnkd.in/eqkaV4zS    Brenntag Specialties has acquired Colony Gums, Inc., a US-based manufacturer of stabilizer blends and blending services. The acquisition will strengthen and expand Brenntag's product offerings in its Life Sciences market, particularly in Nutrition.    Elementis Global, the UK-based global specialty chemicals group, rejected a call from one of its major shareholders, Franklin Mutual Advisers, to sell the company. Elementis’ short-term aim is to grow the business and capture the currently unrealized value.     PolyQuest, Inc., a US-based distributor and manufacturer of PET resins, has announced its acquisition of @Baker Transportation, Inc. This acquisition will enhance freight and logistics solutions, with the new entity named Baker Transportation, LLC upon completion of the transaction.    Arxada, a Swiss specialty chemicals firm, has appointed @Sanjeev Rastogi as their new CEO. This leadership change sees Marc Doyle, the former CEO, transition to a role on the Board of Directors. Rastogi, previously President of Arxada's CMC division, brings over 30 years of industry expertise.     Vopak agrees to sell its three chemical terminals in Rotterdam (Botlek, TTR, and Chemiehaven) to Infracapital, an infrastructure investor for EUR 407 million, plus an additional EUR 19.5 million deferred payment.     #MergersandAcquisitions #CorporateDevelopments #ChemicalIndustry 

Dover Chemical Corp started their journey with Arkestro by using our platform for an annual bid on some valves. After multiple rounds of bids, with recommended prices from the insights 🔎 Arkestro was able to pull, the company was able to save a whopping $10,000 📈. This successful bid was just the beginning of Dover Chemical's journey with Arkestro. Our instant counter offer, baseline pricing, and supplier recommendation functionalities have been the driving force behind Dover Chemical's success in driving savings and reducing cycle time. We are pleased to hear that our platform has also been well-received by their suppliers, who appreciate the time-saving abilities ⏰ and one-stop-shop feel of the platform. If you're interested in learning more about how Arkestro can help your company, read our case study with Dover: https://hubs.li/Q01ZhkVv0 #Arkestro #Procurement #DoverChemical #SuccessStory #SupplierRelationships #ProcurementOperations #Savings #Efficiency

I know there have been many questions about the availability of Viton, let me start with this WE, LIKE ALL MANUFACTURERS are and will be facing challenges with Viton supply. We like many other manufacturers are facing challenges in securing Viton due to its crucial role in lithium applications. 🌱 Beyond supply issues, the fluorocarbon content in Viton raises concerns about PFAS release. Let's seize this opportunity to explore eco-friendly alternatives and prioritize sustainable solutions for the future! 💼 #SustainableGaskets #EcoFriendlyMaterials #VitonSupplyChallenges #PFASAwareness #LithiumApplications https://lnkd.in/ghrThbHM https://lnkd.in/gqGpPJss

#DuPont (NYSE:DD) de Nemours Inc announced on Monday that it has agreed to sell 80.1% of its #Delrin resins unit to private equity firm #TJC, formerly known as The Jordan Company, for about $1.6 billion.  The chemicals maker is expected to receive about $1.25 billion in cash plus a note valued at $350 million upon closing, which is expected around the end of the year, and will still own a 19.9% non-controlling common equity interest in the Delrin business.  Delrin is a preferred substitute for metal parts and is used in products ranging from gear wheels to insulin pens, according to a report by Reuters.  The media outlet also noted that DuPont (NYSE:DD) has been readjusting its portfolio to focus on high-margin operations and fast-growing industries such as electric vehicles, 5G and clean energy.   More at #Proactive #ProactiveInvestors #NYSE #DD http://ow.ly/sVa7104RMH5