Following a strong fourth quarter in 2011, the U.S. economy started 2012 on firm ground with gains in consumer spending, manufacturing output and housing. Those positive gains appear to be eroding, according to the American Chemistry Council’s (ACC) Mid-Year 2012 Situation and Outlook.
Nanoledge, a Telesystem portfolio company, has sold its high-performance resin business to AXSON, a company specializing in high-performance polymer formulation.
CeralUSA LLC, a manufacturer of environmentally friendly coatings for the aerospace, power generation, and oil and gas industries, announced the appointments of Doug Ellsworth as Manager of Operations and Greg Engleman as Manager of Engineering.
Tank Holding Corp. (THC), which includes leading polyethylene tank manufacturers Snyder Industries and Norwesco, was acquired by Leonard Green & Partners L.P. (LGP) and the executive management team.
The Adhesive and Sealant Council (ASC) questioned the U.S. Green Building Council’s (USGBC) commitment to a consensus-based approach in the development of its LEED rating system and as a result urged the U.S. General Services Administration (GSA) to not recommend it as the green certification standard for the federal government.
Benjamin Moore & Co. announced that Robert S. (Bob) Merritt was named Chief Executive Officer and President, replacing Denis Abrams, who was dismissed after leading the company for seven years.
Jotun Paints has launched Colour Trends Volume III 2012, a color palette created by Jotun Colour Ambassadors, a group of design professionals from the Middle East and North African (MENA) region, that is customized to suit homes in the Middle East.