Akzo Nobel announced an agreement to sell its Ultra Violet/Electron Beam (UV/EB) Resins business to Cray Valley S.A., part of the Total Group of France. Terms were not disclosed.
Testimony was under way in a $1.4-billion asbestos trial in Angleton, TX, in which Kelly-Moore Paint Co. is seeking a verdict against Union Carbide Corp., now a subsidiary of The Dow Chemical Co.
Henkel Corp., the U.S.-based affiliate of the Henkel Group of Germany, announced an agreement to acquire Sovereign Specialty Chemicals Inc., an adhesives, sealants and coatings manufacturer based in Chicago, in a transaction valued at $575 million.
Akzo Nobel announced the establishment of a regional headquarters office in Shanghai in a move the company said marks a major milestone in its ongoing program of expansion in China.
Eric Von Knipe, a California businessman and entrepreneur, has acquired the Morwear paint brand from Smiland Paint Co. and has formed Morwear Manufacturing Inc.
The Protech Chemicals Group, based in Montreal, has acquired the Belgium-based powder-coatings manufacturer Oxyplast N.V. Financial terms were not announced.
BASF Coatings AG announced the formal opening of the company's new Distribution Center in Munster, a facility described by BASF Coatings CEO Berthold Tillmann as "an extremely important and effective node in our European production and distribution network."
Stanislaw (Stanley) B. Skora, a developer of additives for powder coatings and founder of Estron Chemical Inc., died May 27 in New York after a long battle with cancer. He was 69.
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