Henkel completed the acquisition of Netherlands-based Stahl, a PE-backed coating specialist for flexibles with about 1,800 employees globally.
Minnesota-based Applied Adhesives acquired Van Asperen Kleefstoffen, a Netherlands-based adhesive solutions provider serving packaging, labeling and paper converting customers, to grow in Europe.
HarperLove, a portfolio company of HBM Holdings, acquired the corrugated products business of ChromaScape (formerly CEL Chemical), which makes adhesives and additives for corrugated packaging. Terms were not disclosed.
Borouge and Borealis combined into Borouge International, which is acquiring NOVA Chemicals, with OMV and XRG each holding 50 percent. The new company is headquartered in Austria with regional headquarters in the UAE.
Siegwerk announced the acquisition of Hi-Tech Inks, adding production capabilities and product range in India for packaging converters and brand owners.
Henkel is acquiring Stahl for an enterprise value of €2.1 billion, buying the stakes held by Wendel, BASF and Clariant, to strengthen Stahl's specialty coatings for flexible materials. Completion is subject to closing conditions and regulatory approvals.
Westlake Corporation agreed to acquire the global compounding solutions businesses of Portugal-based ACI/Perplastic Group, a maker of PVC, polyolefin, silicone and thermoplastic rubber compounds with four plants, with closing expected in early 2026.
Air Liquide signed a binding agreement to acquire DIG Airgas from Macquarie Asia-Pacific Infrastructure Fund 2 at an enterprise value of EUR 2.85 billion (KRW 4.6 trillion). Closing is expected in the first half of 2026.
Novopor Advanced Science has acquired Pressure Chemical Company, a Pittsburgh specialty chemistry firm founded in 1964 with expertise in high-pressure reactions, polymerization and alkoxylation. The deal value was not disclosed.
Arkema, through Bostik, finalized the acquisition of Dow's flexible packaging laminating adhesives business, which has around US$250 million in annual sales and five production sites in Italy, the United States and Mexico. The enterprise value is US$150 million.
Stahl Group is set to acquire Weilburger Graphics, a coatings maker for flexible materials such as paper and cardboard, subject to the usual approvals. The deal strengthens Stahl's packaging coatings business in Europe and globally.
Arkema agreed to acquire Dow's flexible packaging laminating adhesives business, with annual sales of about $250 million, at an enterprise value of $150 million. Bostik will combine the business with its existing flexible packaging presence; the business has manufacturing sites in Italy, the United States and Mexico.
Tate & Lyle agreed to acquire CP Kelco, a pectin and speciality gums maker, from J.M. Huber for a total implied consideration of US$1.8 billion on a cash-free, debt-free basis.
KKR has sent deal books for the sale of Circor International's DeltaValve subsidiary, a Sandy, Utah maker of coke drum unheading valves, with first-round bids expected in May; the business is marketed on $11 million of EBITDA, according to sources.
Dow signed an agreement to sell its flexible packaging laminating adhesives business to Arkema, covering five manufacturing sites in Italy, the United States and Mexico. The transaction value is $150 million, and closing is expected by the end of 2024 subject to regulatory approval.
SLB and ChampionX announced a definitive agreement for SLB to buy ChampionX in an all-stock transaction, with ChampionX shareholders receiving 0.735 SLB shares per share. The deal is expected to yield about $400 million in annual pre-tax synergies within three years.
Italian paper specialist Fedrigoni purchased selected assets of US specialty papers supplier Mohawk Fine Papers to strengthen its North American presence. The deal follows a partnership the two companies signed in September 2022.
Henkel signed an agreement to acquire the U.S.-based Seal for Life Industries LLC from Arsenal Capital Partners.
LyondellBasell acquired a 25% equity ownership in Cyclyx, the joint venture between Agilyx and ExxonMobil, to accelerate US plastics circularity infrastructure.
Speyside Equity-backed Opta Group, a supplier of performance materials for the molten metal, infrastructure and specialty chemical industries, acquired NuFlux. The article reports the deal on 20 October 2023 and gives no value.
Celanese and Mitsui & Co. signed a definitive agreement to form Nutrinova, a food ingredients joint venture. Mitsui will acquire a 70 percent stake for $472.5 million, while Celanese keeps 30 percent. Closing is expected in the second half of 2023, pending regulatory approvals.
Versalis, the chemicals unit of Eni, agreed to buy Novamont, a bioplastics and biochemicals company backed by NB Renaissance. No deal value was given in the article.
Investment company Heartwood Partners' portfolio company ChromaScape acquired CEL Chemical, a manufacturer of adhesives, additives, modifiers and enhancers for the corrugated industry. The article gives no acquisition date, so the article date is used.
Netherlands-headquartered Stahl has agreed to acquire ICP Industrial Solutions Group, a packaging and labeling coatings business with about USD 140 million in expected 2022 sales. Stahl secured $580 million in new financing for the deal, with closing expected before the end of Q1 2023.
H.B. Fuller has bought the entire share capital of Lemtapes Oy, combining the two companies to expand their product range and services in Europe.
Stahl signed an agreement to acquire ICP Industrial Solutions Group, a packaging and labeling coatings maker with about $140 million in 2022 sales, at an enterprise value of about $205 million. Closing is expected before the end of Q1 2023.
Mexican firm Grupo Sayer intends to invest in and acquire 50% of Dutch can coatings company Diostyl Holding B.V., a partnership announced in early January 2023.
Infineum has agreed to acquire Entegris' Pipeline and Industrial Materials business, which includes the Flowchem, Val-Tex and Sealweld brands and drag reducing agents, with closing expected in Q4 2022 subject to regulatory approvals.
EUKALIN Corporation acquired 100 percent of the assets of Adhesives Specialists, Inc., a US maker of water-based and hotmelt adhesives, including its building in Allentown, Pennsylvania. The deal was announced on August 8, 2022, and no value was disclosed.
MKS Instruments and Atotech announced on 28 July 2022 that China's State Administration for Market Regulation granted unconditional merger approval, completing all regulatory clearances for MKS's acquisition of Atotech, which is expected to close on 17 August 2022.
Schweitzer-Mauduit (SWM) and Neenah agreed an all-stock merger of equals creating a specialty materials company with about $3 billion in combined revenue, targeting at least $65 million in annual run-rate cost synergies within 24-36 months.
Clariant completed the sale of its Pigments business to a consortium of Heubach Group and SK Capital Partners, with a base enterprise value of CHF 805 million before a possible earn-out.
Henkel closed its acquisitions of Darex Packaging Technologies, a metal packaging sealants supplier based in Cambridge, MA, for US$1.05 billion, and the Sonderhoff Group, a Cologne-based foamed gasketing and dosing equipment maker, with undisclosed terms.
MPE Partners has acquired DecoArt, a manufacturer of acrylic paints and finishes for arts, crafts and home decorating. The deal was reported on 19 October 2021.
SK Capital Partners, LP completed its previously announced acquisition of IPACKCHEM Group SAS, a Paris-headquartered supplier of barrier packaging for crop protection and specialty chemicals. The deal value was not disclosed.
Azelis agreed to acquire the distribution assets of PT Primaditha Jaya Mandiri, which distributes food ingredients for processed meat, beverage and savoury segments in greater Jakarta, Indonesia.
Belgian cleaning products maker Loda has acquired Dutch company Burg Reiniging B.V., a producer of bleach and drain cleaners, and bought extra industrial land in Beerse. The article is dated 21 April 2020.
EQT is reported to be in talks to acquire Schülke, a German hygiene solutions provider, from Air Liquide. No deal has been announced and no value was given.
Innovative Chemical Products Group acquired Hi-Tech Coatings from Heidelberger Druckmaschinen, adding high-performance water-based and UV-curable coatings and facilities in the UK, Netherlands and Michigan. A strategic supply partnership with Heidelberg was also established.
US private equity firm Arsenal Capital Partners completed its acquisition of Clariant's healthcare packaging business, now rebranded as Airnov Healthcare Packaging, for about CHF308 million. The deal was signed in July 2019 and completed in November 2019.
Addev Materials, a supplier to the aerospace, space and defence market, has agreed to acquire ANDPAK, a custom chemical packaging provider, and Zip-Chem, a surface preparation products maker. Investors reinvested EUR 33 million into Addev to finance the deal.
SK Capital agreed to acquire the Performance Products & Solutions business of PolyOne Corp in a deal valued at about $775 million. The deal is expected to close in the fourth quarter.
Indorama agreed in late December 2018 to acquire Invista's 282,000 metric-ton-per-year PET operation in Gersthofen, Germany, which makes industrial fibers and packaging resins.
Praxair announced that final closing conditions for its merger of equals with Linde AG were met after EU and US regulatory approvals, creating a combined company worth $46 billion expected to close October 31, 2018.
BASF plans to acquire Belgian chemicals company Solvay's worldwide polyamide business. The deal is under EU merger review, with the deadline extended to January 11, 2019.
Germany-based Siegwerk agreed to acquire Ultra Inks, a manufacturer of water-based flexo inks, to support its services in the Canadian market and expand its packaging ink portfolio.
Messer and CVC Capital Partners Fund VII agreed with Linde AG to acquire the majority of Linde's industrial gases business in North America and parts of its South American business for USD 3.3 billion. The joint venture MG Industries will operate under the Messer brand, and the deal depends on the Praxair-Linde merger and cartel approvals.
Lund-based Nexam Chemical agreed to buy all shares of privately owned masterbatch and additives maker Plasticolor Sweden AB in Lomma for SEK 116 million. The deal gives Nexam production capacity and new market segments.
Suez and LyondellBasell signed an agreement establishing a joint venture to produce high-quality circular polymers from recycled plastic.
Siegwerk signed a contract to buy Tupahue Tintas, a Brazilian maker of flexographic and rotogravure inks and varnishes based in Diadema, Sao Paulo. The deal expands Siegwerk's presence in Latin America.