The Federation of Societies for Coatings Technology reported that its recent International Coatings Expo (ICE) in Atlanta attracted a total of 5,544 registered visitors, a 30% decline from the 2000 ICE in Chicago and a 13% drop from the 1999 show in Dallas.
Sico Inc., a major Canadian coatings manufacturer, announced a definitive agreement to acquire Betonel Ltd., a Quebec-based manufacturer and retailer of architectural coatings, in a cash and stock transaction valued at $13.5 million.
Akzo Nobel Coatings has acquired Qu¿ca Borden Ecuatoriana S.A., reported to be the top producer of adhesives and resins for the woodworking industry in Ecuador, from Borden Chemical Holding Inc. of the United States.
Arch Chemicals Inc. has acquired Butler Mabbutt & Wrighton (BM&W), a producer of finishes for wood, leather and plastic products, and the Industrial Division of Humbrol Ltd., a manufacturer of varnishes, textured finishes and various other industrial coatings.
The terrorist attacks and subsequent U.S.-led military response launched in October added to uncertainty about the health of the global economy, but growth forecasts had already been reduced following the Sept. 11 terrorist attacks in the United States.
The California Air Resources Board (CARB) approved a measure banning the use of hexavalent chromium and cadmium in coatings for motor vehicles and mobile equipment, effective Jan. 1, 2003.
Akzo Nobel N.V., the world's biggest coatings manufacturer, announced the establishment of a $1 million charitable fund to support families of victims of the Sept. 11 terrorist attacks.
Akzo Nobel was joined by a growing array of companies launching employee and corporate donation programs to assist those affected by the terrorist attacks.
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