"Joining forces with Hidden Harbor presents an opportunity for Teckrez to continue to enhance our offerings and expand alongside our customers," said Marc Jackson, President & CEO of Teckrez. Grace Matthews, Inc. served as financial advisor to Teckrez on the transaction.
The two partners signed an agreement to continue their research collaboration at the Catalysis Research Laboratory until 2028. Since the founding of the laboratory in 2006, more than 100 employees from 34 countries have been involved in the development of new processes for homogeneous catalysis and organic synthesis.
With this expansion, the company now provides regulatory automation for the three largest chemical industry markets in the world – the United States, China, and the European Union; Japan is scheduled for 2024.
Commenting on the decision, AkzoNobel CEO, Greg Poux-Guillaume, said: “It's disappointing that this intended acquisition cannot move forward, but we remain committed to our strong businesses and leading brands in Africa."
A new-to-market molecule brings a unique combination of balanced properties that deliver several performance advantages in waterborne automotive and industrial coatings and inks.
“Today's Choices, Tomorrow's Future: UV+EB for Sustainable & Responsible Manufacturing,” is the theme for the RadTech 2024 UV+EB Technology Conference & Exposition, May 20-22, at the Hyatt Regency in Orlando, Florida.
The facility in the city of Huaibei in Anhui province will produce carbon black for a variety of applications, including coatings, printing inks, rubber, polymers, fiber, and rubber.
The Alliance for Chemical Distributionurged the agency to reconsider proposed changes outlined in its Advanced Notice of Proposed Rulemaking (ANPRM) due to potential industry disruption concerns.
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