The Sherwin-Williams Co. announced a definitive agreement to acquire 100% of the stock of Duron Inc. in a transaction valued at $253 million plus the assumption of "certain financial obligations."
BASF announced plans to phase out coatings production at the company's Batavia, IL, site and transfer production to facilities in Belvidere, NJ; Decatur, AL; and Morganton, NC, by the end of this year.
Inkjet inks and their interaction with substrates (paper, textiles and plastics) were the subject matter of the first European Coatings Conference held under the title "The Power of Inkjet Materials" on December 4-5, 2003.
DuPont Co. completed the sale of its INVISTA resins and fibers business to subsidiaries of Koch Industries Inc. for $4.2 billion, including the assumption of debt and certain joint-venture and equity interests.
BASF announced the introduction of the "Larolux" curing system for ultraviolet (UV)-cure coatings, which the company said employs low-energy UV light in a carbon-dioxide atmosphere to rapidly cure coatings applied to three-dimensional metal, plastic or wood objects.
DuPont Co. said it has presented its Lavoisier Medal for Technical Achievement to Michael Fryd, a retired coatings-technology scientist who played an important part in advances in automotive finishes.
Elementis plc announced an agreement to acquire Sasol Servo, a supplier of coatings additives, from Sasol Ltd. for approximately 48.5 million euros in cash.
The Lubrizol Corp. announced a definitive agreement to acquire Noveon International Inc., a supplier of coatings resins and other specialty chemicals, in a transaction valued at $1.84 billion.
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