Headquartered in Clinton, Mass., Polymer Concentrates develops and manufactures colour concentrates for the international plastics industry.
Clariant’s plastics & coatings division increased sales by one per cent, with particularly strong regional expansion in Latin America.
The $640 million deal will create a standalone plastics distribution business, and follows Nexeo’s pending acquisition by Univar Inc.
Vance Street Capital LLC, a Los Angeles-based private equity firm.
The terms of the transaction were not disclosed.
This is Los Angeles-based private equity firm Vance Street Capital’s fourth investment in the medical space in the past three years.
The new distribution agreement includes Lord Corp.’s Chemlok, Flocklok, in-mold bonding adhesives, co-laminated Chemlok film, LokRelease, and Sipiol adhesives and coatings.
But softening demand conditions in the fourth quarter most heavily impacted the company’s Performance Products and Solutions, and Specialty Engineered Materials segments.
Clarkson, Mich.-based resin distributor Chase Plastic Services Inc. is now representing chemical maker Sabic’s complete line of specialty engineering resins – including Noryl-brand PPO/PPE, Ultem-brand polyetherimide and LNP-brand compounds and copolymers – in Canada, the U.S., and Mexico. Nexeo Solutions…
The commission said the approval was conditional on the “divestiture of a remedy package” that will avoid nylon price increases in the EU region.
Canada’s capital spending on industrial chemical industry projects is expected to jump by 65 per cent in 2019.
Structured Polymers will be entirely integrated into Evonik’s North American organization, while its company headquarters will remain in Austin, Tex.
The purchase brings Elix’s modified plastics technologies to China, where Sinochem is headquartered, by setting up plants for ABS and ABS alloy material modified plastics.
Fiber-Line’s technologies complement PolyOne’s specialty composite solutions and wire & cable applications, and the company will become part of PolyOne’s Specialty Engineered Materials unit.
The German chemical maker is breaking new ground in the circular economy with plastic waste as a source of raw materials.
Bayport is a 50/50 joint venture owned by Total S.A. and Novealis Holdings LLC, which is itself a joint venture of Nova and Borealis AG.
Citing a disagreement over the deal’s interpretation, BASF is pulling out of its Synvina bioplastics joint venture agreement with Avantium, which was formed in 2016.
Covestro calls the new line a first step in its global capacity expansion for films.
The deal is designed to expand Montreal-based Intertape Polymer’s woven business by giving it increased access to the U.S. market and a new facility in India.
Swiss-based MB Barter is a global distributor of commodity polymers, PET, and rubber globally, with 30 offices worldwide.
The thermoplastic resins distributor is now the North American distributor of PP from Borealis’ new PP compounding facility in Taylorsville, N.C., as well as imported PP, polyethylene, and Queo polyolefin plastomers and elastomers.
The $50,000 scholarship marks the 50th anniversary of Nova’s Geismar olefins facility.