Sabo is a manufacturer of light stabilizers that relies on TAA derivatives as a raw material. The transaction was announced in mid-October, and the closing took place on December 29, 2022. The company says it is taking this step to focus its portfolio on specialty chemicals.
In an interview with PCI Magazine, Leland Harrs, managing director, head of chemicals, at Houlihan Lokey, offers a brief update on the current M&A market. Houlihan Lokey is a leading global investment bank in New York with expertise in mergers and acquisitions, capital markets, financial restructuring, and valuation.
The company says this development will improve service and support to customers in Southeast Asia, due to a direct connection with Cortec’s headquarters in Saint Paul, Minnesota. Since January 2019, CSEA has been a partner and distribution hub for Cortec products and services in Southeast Asia, serving the markets of Singapore, Malaysia, Thailand, Brunei, and Indonesia.
After completion of closing conditions, KANSAI HELIOS will acquire all business assets of Becker Industrie SAS in the railway coatings segment. The transaction is expected to close in the first quarter of 2023. Beckers will continue to serve its railway customers in India and China.
Company principals say the new, combined company, with its expanded reach, will be positioned to better serve customers in the United States, Canada, and Mexico, with a deeper pool of technical expertise, broader product line offerings, and more diversified supply chain solutions.
Through this integration, EPS has broadened its product portfolio and technological expertise, further diversifying its position in the polymer and pigment dispersion industry. SPI products will continue to be sold by EPS under their current product names.
CWS Lackfabrik GmbH is a family owned company with around 250 employees. CWS has a powder coatings production site in Düren, Germany, and New York, United States, a solid resins production site in Düren, Germany, and a liquid resins production site in Düren and Hamburg, Germany.
The company says this acquisition will reinforce its position in the inorganic pigment industry. Venator’s iron oxide pigment has achieved steady growth and maintained profitability amid the pandemic and market fluctuations, demonstrating strong competitiveness and resilience.
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