The specialty chemical supplier acquired
Southern Adhesives and Coatings, a boutique supplier to the paper and packaging industries for applications such as laminating paper and cardboard, gluing labels, and lining food packages, including beverage cans.
The CoverFlexx Group manufactures and sells coatings for automotive refinish and aftermarket applications, focused on economy customers in North America.
As we reach the mid-point of 2024, there are a lot of questions surrounding market strength, trends, and challenges in the coatings industry. PCI recently interviewed Renata Rodrigues, Head of LANXESS Inorganic Pigments Americas, to get her input on the current state of the pigments segment of our industry.
Closing for the aquisition of the aftermarket coatings business is expected to occur in the third quarter, and is subject to regulatory approval and other customary closing conditions.
"We are excited to fully bring Momentive into the broader KCC Corporation and anticipate a positive impact with the ownership change as we shift from a private equity mindset to a more strategic and long-term approach," said Momentive President and CEO Sam Conzone, Ph.D.
In 2023, Cathay Industries, a global iron oxide pigment manufacturer, unveiled its new name, OXERRA, along with its new brand identity, after completing the acquisition of Venator's color business. In this exclusive PCI interview, OXERRA Americas’ CEO discusses the combined businesses, the rebrand, what’s driving R&D, and what’s next for the company.
