Huntsman Corp. said it has completed a financial restructuring that puts its businesses on "firm financial footing" and reduces its debt by approximately $775 million.
PPG Industries Inc. has appointed Brandt Technologies Inc., Bensenville, IL, distributor of PPG's Lo-Vel and Hi-Sil silica products for the coatings markets.
International Specialty Products Inc. (ISP) announced a buyout agreement with International Specialty Products Holdings Inc., a new corporation formed by ISP's chairman and majority stockholder, Samuel J. Heyman.
Sun Chemical Corp. has acquired a 50% stake in Assemblage Intermoleculaire en Chimie Organique (AIC), a special-effect pigments, additives and ink company based in Libourne, France.
Environmental Coatings Inc. said it has acquired industrial-coatings product technology and rights to customer bases in New Jersey, Illinois and Wisconsin from Akzo Nobel Coatings.
Akzo Nobel said it plans to sell its Nordic general industrial coatings operations to Finland-based Kemira, with completion of the sale expected by the end of the year, pending regulatory approvals.
The Federation of Societies for Coatings Technology, citing the results of a survey of coatings manufacturers and suppliers, announced that the International Coatings Expo (ICE) will be held every other year beginning in 2004.
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