Goldman Sachs Merchant Banking Division announced that it has partnered with Koch Equity Development LLC, a subsidiary of Koch Industries Inc., to acquire shares representing 100% of Flint Group’s share capital from funds advised by private equity firm CVC Capital Partners.
Specialty chemicals company Clariant and Ashland Inc. have entered into a definitive agreement to sell their joint venture, ASK Chemicals headquartered in Hilden, Germany, to investment funds affiliated with Rhône, a London and New York-based private equity investment firm.
Wacker Chemie AG ended 2013 with lower sales and earnings compared to 2012. When presenting its 2013 annual report on March 18, the Munich-based chemical company announced that group sales totaled €4.48 billion, some 3% down on 2012 (€4.63 billion).
The Dow Chemical Co.’s joint-venture membrane chlor-alkali facility, with Mitsui & Co. Ltd. of Tokyo, Japan (Mitsui), has successfully initiated full-scale, commercial production.
Orion Engineered Carbons’ principal owners, private-equity firms Rhône Group and Triton Advisors, are exploring the potential for an initial public offering of stock of the company.
FutureFuel, a manufacturer of custom and specialty organic chemicals, has named Viachem as its partner for the marketing, technical sales, customer service and fulfillment of selected performance chemicals.
PPG Industries’ industrial coatings business has received a $224,000 award from the U.S. Department of Energy (DOE) to help develop dark-colored pigments for cool metal roof and façade coatings that incorporate near-infrared (NIR) fluorescence and reflectance to improve energy performance.
RPM International Inc. reported record financial results for its fiscal 2014 third quarter ended February 28, 2014, which reflected strong performance by the company's industrial segment that overcame weather-related weakness in its consumer segment.
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