The four companies are all owned by New York City-based private equity firm Arsenal Capital Partners.
The name-change comes one year after the specialty chemical distributor was purchased by IMCD.
The deal includes the purchase of the wholly owned Chinese polystyrene business including two production sites in Ningbo and Foshan and two related offices in Guangzhou and Shanghai.
Kumho Polychem’s Innoprene TPV line includes 43 grades which are targeted for seal, gasket, cover, and hose applications for the automotive, industrial, electrical, sporting goods, and furniture markets.
Adoption of composite-grade HPPs could take the global market past US$3 billion by 2024, a new study by Frost & Sullivan says.
Inapal, headquartered in Portugal, is a Tier One supplier of composite components to the automotive and heavy truck industries.
The combined operations will create the largest compounding company in the world with some 6,600 employees and annual revenue expected to exceed $4.6 billion.
The goal of the collaboration is to develop new uses for Sabic’s specialty materials.
The U.S.-based material firm says it will be the first large new plant for the nylon 6,6 raw material in 35 years.
The masterbatch supplier is expanding operations at its Suzhou, China, plant with a new, state-of-the-art extrusion line for soft polymer compounding; this is the second expansion in three years for the facility.
BioAmber filed for bankruptcy in early May, and has been unable to find a buyer for its assets since then.
The purchase will provide Houston-based Ascend with an engineering plastics manufacturing base in Europe and an expansion to its portfolio of proprietary compounds.
Lanxess’ decision to bolster its North American footprint comes after its 2017 acquisition of chemicals group Chemtura and its purchase of Solvay’s phosphorous chemicals business in 2018.
Effective September 1, industry veteran Cook will take the helm of the Spartanburg, S.C.-based specialty chemical maker.
JPMorgan, Morgan Stanley have been picked to advise on Aramco’s Sabic deal, news sources say.
In June, a judge ordered Nova to pay $1.06 billion to Dow Canada over an ethylene plant dispute in Joffre, Alta.
Sage, founded in 2009 and located in Greenville, S.C., is a Tier 2 supplier of seat fabric and other automotive interior applications.
The Barrie, Ont.-based company has partnered with DME-Milacron to distribute two new Fresh Start Polymers’ commercial purging compound grades in Canada.
Bolger, a 30-plus-year veteran of the colour and additive concentrate business, is the former CEO of Chroma Color Corp., which Carolina Color acquired last week.
In another step forward in its strategy to occupy the 3D printing materials market, chemical supplier BASF has purchased Advanc3D Materials GmbH in Hamburg, Germany and Setup Performance SAS in Lyon, France.