The acquisition expands Arclin's capabilities in North America, and is viewed as a key step in the company's strategy toward expanding its product presence into sectors that are adjacent to its core chemistries and business.
Covestro has decided to enter into concrete negotiations with Adnoc regarding a potential transaction and the potential conclusion of an investment agreement, as well as to allow for an adequate exchange of company information to confirm assumptions.
Bradley Coatings Group, a division of United Paint & Chemical Corporation, supplies customers throughout North America with coatings for diverse end-use applications in the transportation and general industrial metal segments.
The specialty chemical supplier acquired
Southern Adhesives and Coatings, a boutique supplier to the paper and packaging industries for applications such as laminating paper and cardboard, gluing labels, and lining food packages, including beverage cans.
The CoverFlexx Group manufactures and sells coatings for automotive refinish and aftermarket applications, focused on economy customers in North America.
As we reach the mid-point of 2024, there are a lot of questions surrounding market strength, trends, and challenges in the coatings industry. PCI recently interviewed Renata Rodrigues, Head of LANXESS Inorganic Pigments Americas, to get her input on the current state of the pigments segment of our industry.
Closing for the aquisition of the aftermarket coatings business is expected to occur in the third quarter, and is subject to regulatory approval and other customary closing conditions.
"We are excited to fully bring Momentive into the broader KCC Corporation and anticipate a positive impact with the ownership change as we shift from a private equity mindset to a more strategic and long-term approach," said Momentive President and CEO Sam Conzone, Ph.D.
