ARNHEM, the Netherlands - Akzo Nobel has received an offer from Hexion Specialty Chemicals for its Ink and Adhesive Resins business for €88 million free of cash and debt.
FRANKFURT, Germany - BASF AG, the world's largest chemical company, is offering $4.9 billion in cash for New Jersey-based rival Engelhard Corp., a Fortune 500 company and leading supplier of goods for catalysis and surface finishing, including special-effect and pearlescent pigments.
NEWARK, N.J. - Cardolite Corp. has completed construction of its new production facility in Zhuhai, China. Tony Stonis, president, remarked, "This new factory demonstrates our commitment to Asia and supports the growth of our business worldwide."
KANSAS CITY, Mo. - Cook Composites and Polymers has announced a plant consolidation plan that will streamline its production system while continuing to fully support its North American distribution system for Coatings Resins.
LUDWIGSHAFEN, Germany - BASF has increased its production capacity for quinophthalone pigments at its Ludwigshafen site in Germany to 1,400 metric tons per annum.
MIAMI - Atlas Weathering Services Group, a division of Atlas Material Testing Technology LLC, is expanding its services by creating the world's largest and most advanced global benchmark weathering-testing facility in Miami.
PERSTORP, Sweden - Industri Kapital and the French private equity company PAI partners have signed an agreement to buy Sydsvenska Kemi, the parent company of the leading specialty chemicals group Perstorp AB.