Reichhold announced that the executive management team, led by President and CEO John S. Gaither, has reached agreement with Dainippon Ink and Chemicals, Incorporated (DIC) for a management buyout. Reichhold has been the wholly owned subsidiary of DIC since 1987. The agreement was signed on September 12, 2005, and closed on September 30, 2005.
Investor optimism plunged in the aftermath of Hurricane Katrina, reaching its lowest point in two-and-a-half years, according to the UBS/Gallup Poll of Investor Attitudes, which was released on September 26. Currently at 34, the UBS/Gallup Index of Investor Optimism is 27 points lower than last month, when the Index was at 61. It appears that energy costs are weighing heavily on investors' minds and dampening their outlook of the investment climate.
For several years, the 5K Run/Walk for Fun during the Coating Show, sponsored by Nalco, has raised money for worthy causes, including finishing education scholarships, the 9/11 New York Firefighters Fund, and the 2004 Florida Hurricane relief efforts. This year, Nalco had committed to donating funds to help with the continued recovery of the Tsunami victims (and there will be a donation made to them); however, the focus shifted to assisting those in need from Hurricane Katrina's and, now, Hurricane Rita's devastation.
MD-Both Industries, suppliers of metallic inks and bronze and aluminum pigments, has been a joint venture arrangement between Wolstenholme International Ltd. (headquartered in England) and Carl Schlenk AG (headquartered in Germany) since 1982. After careful consideration, it has been decided that MD-Both Industries no longer serves the long term strategic interests of both of these two companies, and ceased trading on Wednesday, September 14.
Goyer Management International Inc. (GMI), in cooperation with the Chemical Coaters Association International, announced the launching of a new conference and trade show to serve the industrial finishing market. Finish '07 International Trade Fair and Conference will debut September 17-20, 2007, at the Indiana Convention Center in Indianapolis.
Georgia Industrial Minerals Inc. of Sandersville, Ga., announced that D.N. Lukens Inc., Westboro, Mass., Dar-Tech Inc., Cleveland, Ohio, The Argus Co., Louisville, Ky., Matteson-Ridolfi Inc., Riverview, Mich., and Mineral and
Traditional siloxane resins are commonly used to improve thermal stability and weather resistance of bis-phenol A epoxy coatings. But improving the flexibility associated with these coatings has remained a challenge. Organo-functional silicone polymers have sometimes been used to resolve the issue, but, unfortunately, have resulted in recoatability issues.
Savisol is a new range of solvent-based liquid dyes primarily developed for wood coloration, but also can be used for other applications such as leather finishes and paints as well
Although the same companies remain in the top 10 as last year, their order has changed a bit. Here are the global coating leaders and some of their top stories.
RSS