Ashland Specialty Ingredients, a commercial unit of Ashland Inc., announced plans to invest approximately $89 million over the next three years to expand specialty chemical production at its manufacturing facility in Hopewell, VA.
RPM International Inc. reported record sales for its fiscal 2015 third quarter ended February 28, 2015, but incurred an as-reported loss for the quarter due to a one-time, non-cash net charge for a tax accrual related to the possible repatriation of overseas earnings to fund future obligations for the company's Specialty Products Holding Corp. (SPHC) settlement.
Axalta Coating Systems Ltd. announced that an affiliate of Berkshire Hathaway Inc. has entered into a definitive stock purchase agreement with certain affiliates of The Carlyle Group for the purchase of a total of 20 million of Axalta’s common shares for an aggregate purchase price of $560 million, or $28.00 per share.
PPG Industries has completed the acquisition of certain assets of Flood® Australia, which manufactures and distributes specialty wood stain and paint additive solutions for consumer, commercial and industrial applications.
The board of directors of RPM International Inc. has declared a regular quarterly cash dividend of $0.26 per share, payable on April 30, 2015 to stockholders of record as of April 13, 2015.
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