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.
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.
Hexion Inc. announced that it has completed the sale of its Phenolic Specialty Resin, Hexamine and European-based Forest Products Resins businesses for approximately $425 million to Black Diamond and Investindustrial.
Hexion Inc. announced that it is working to complete a limited number of the necessary government approvals and other customary closing conditions to complete the sale of its Phenolic Specialty Resin, Hexamine and European-based Forest Products Resins businesses.
The Sherwin-Williams Co. recently announced it has signed a purchase agreement with global coatings company Hempel A/S to divest Wattyl, an Australian and New Zealand manufacturer and seller of architectural and protective paint and coatings.
