The acquisition was an opportunity for Axalta to enter the wood coatings business, a market size of more than $8 billion globally, with an industry-leading product portfolio and a customer-trusted business with a strong reputation.
ICP Construction, a division of Innovative Chemical Products Group (the ICP Group), has acquired Master Coating Technologies, a leading manufacturer of specialty architectural coatings.
ADI Analytics LLC, a management consulting and market research firm specializing in oil and gas, energy, and chemicals, has acquired certain assets of Chemical Market Resources Inc., a Houston-based company that provides information, market intelligence and strategic analyses to the chemical, petrochemical, polymers and plastics industries.
Grace Matthews Inc. and Owensboro Specialty Polymers Inc. (OSP) announced the acquisition of OSP by Borchers Americas Inc., a leading manufacturer of additives for the coatings, paints and printing inks markets.
Anderson Process, a supplier of process equipment and services in the Midwest, has acquired American Controls Inc., a pump distributor and service provider in Michigan and northern Ohio.
Private equity firm Arsenal Capital Partners has signed a definitive agreement to sell Accella Performance Materials, a North American specialty polyurethane platform, to Carlisle Companies Inc. for $670 million.
