Stahl announced the divestment of its wet-end leather chemicals business, completing its transformation into a pure-play specialty coatings company.

The company is reshaping its Coating & Adhesive Resins and Health Care divisions, impacting 590 jobs and selling off non-core businesses worth €350 million.

The company announced that it has reached an agreement to divest its real estate property to the Lugman Group, a Frankfurt-based single-family office specialized in real estate, for cash.

As part of the company’s global strategy for 1,4-butanediol (BDO), it has assessed the market environment and product carbon footprints (PCF) of BDO and its downstream products from different production sites worldwide.

The new owner has taken over the assets and employees with immediate effect. No active business is included in the sale.

Vencorex recently announced that the group is now owned by a single shareholder: PTTGC International (Netherlands) B.V., a wholly owned subsidiary of the Thai company PTT Global Chemical. 

PPG recently announced that it has agreed to divest certain business activities in Senegal, Ivory Coast, Cameroon, Gabon and Algeria to Océinde, an industrial group based in Réunion, France. 

Flint Group recently confirmed the successful completion of the sale of its XSYS division to an affiliate of Lone Star Funds, a global private equity firm.