Siegwerk Druckfarben has signed a contract to purchase Van Son Liquids B.V. of Hilversum, Netherlands, a family-owned maker of water-based flexo and gravure printing inks; the company will be renamed Siegwerk Hilversum B.V.
Bayer sold a further 6.9 percent of Covestro shares for EUR 1 billion, reducing its direct stake to 24.6 percent and ending control via a control termination agreement effective September 30, 2017.
Hudson Technologies agreed to acquire Airgas-Refrigerants for $220 million, financed with cash and borrowings under an enhanced asset-based lending facility, with no new equity issued.
Henkel completed its acquisition of the Germany-based Sonderhoff Group, which makes foamed-in-place gasketing solutions and customised dosing equipment. The price was undisclosed.
Henkel completed its acquisition of the global Darex Packaging Technologies business, based in Massachusetts, for $1.05bn on a cash and debt-free basis. Darex makes sealants, coatings and cans for the metal packaging industry.
Huntsman Corp. and Clariant agreed an all-stock merger to create HuntsmanClariant, a specialty chemicals company with combined value of $20 billion and expected sales near $13.2 billion. Clariant shareholders will hold 52 percent of the combined group.
Praxair, Inc. and The Linde Group signed a definitive agreement for a merger of equals worth $70 billion, combining two major global industrial gases companies.
Rayonier Advanced Materials agreed to acquire Tembec in a deal with a purchase price of about US$807 million including US$487 million of net debt assumed, with Tembec shareholders receiving C$4.05 cash or shares.
GCP Applied Technologies countersigned a Stock and Asset Purchase Agreement with Henkel on April 27, 2017, for Henkel to acquire its Darex Packaging Technologies business for approximately $1.05 billion. Completion is expected in mid-2017, subject to regulatory approvals.
Sealed Air is selling its Diversey Care division and the food hygiene and cleaning business within its Food Care division to Bain Capital for $3.2 billion. The report is dated 29 March 2017.
Henkel made a binding offer to acquire GCP Applied Technologies' Darex Packaging Technologies business for about $1.05 billion, subject to works council consultation and valid until July 3, 2017.
Henkel opened exclusive negotiations with GCP Applied Technologies to acquire Darex Packaging Technologies, a Cambridge, Massachusetts maker of sealants and coatings for metal packaging, for USD 1.05 billion in cash. Darex has about 700 employees at 20 sites.
The Indian government plans to sell its entire 56.43 percent holding in Hindustan Fluorocarbons, held through Hindustan Organic Chemicals, via strategic sale. The company makes PTFE and fluoromethane.
Japanese RFID company SATO Holdings acquired the remaining 66.7% stake in UK-based inline digital printing company DataLase, which makes laser coding and marking materials for packaging.
Inx International has announced its forthcoming purchase of Creative Industria e Comercio, a Sao Paulo-based maker of flexographic and gravure packaging inks. The deal will expand Inx's packaging ink portfolio in South America.
Corbion and Total announced a 50/50 joint venture to produce and market PLA polymers, based in the Netherlands. Operations are expected to start in Q1 2017, subject to regulatory approvals.
Saudi Aramco acquired the Converge product line with associated operations and technologies from U.S.-based Novomer Inc. of Waltham, Massachusetts.
PCI Augsburg GmbH completed its acquisition of the Thomsit and Ceresit brands from Henkel, after signing the agreement on September 14, 2016; the transaction required antitrust approval.