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.
Rockwood Specialties Group Inc. said it will acquire four businesses of Dynamit Nobel, based in Troisdorf, Germany, including titanium dioxide (TiO2) pigment supplier Sachtleben Chemie GmbH and surface-treatment and lithium-chemicals producer Chemetall GmbH. Financial terms were not disclosed.
A study commissioned by RPM Inc.'s Rust-Oleum subsidiary concludes that business owners, plant-facility managers and health and safety executives are interested in reducing workplace hazards related to painting activities while allowing such activities to take place during normal business hours.
The NPCA reported that Environment Canada, the country's environmental regulatory agency, is conducting a survey of VOC content in architectural and industrial (AIM) coatings, an action that could lead to the development of a VOC regulation on AIM coatings.
Strong economic expansions in the major industrialized countries - particularly in the Americas and Asia - and recent restructuring moves keyed robust first-quarter sales and earnings improvements for nearly all major coatings-manufacturing companies.
The Valspar Corp. named William L. Mansfield executive vice president and chief operating officer and Steve Erdahl executive vice president - Coatings, and announced other key management appointments.
Akzo Nobel announced plans to divest the company's industrial polyurethane (PUR) adhesives and systems business with a sale to the Sika Group. Terms were not disclosed.
Akzo Nobel formally opened a new non-stick coatings facility in São Paulo, Brazil, a facility that will produce coatings for the Brazilian cookware industry and a range of other specialized industrial applications such as automotive pistons and copier rolls.
RPM International Inc. said its European development office, RPM Europe S.A., has acquired Ecoloc N.V./Lock-Tile Belgium N.V. and Compakta/Pactan, a division of Heidelberger Bauchemie GmbH. Terms of the cash transactions were not disclosed.
The European Union gave final approval to a measure that places VOC limits on architectural and auto-refinish coatings, with a first round of limits scheduled to go into effect on Jan. 1, 2007.
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