Rohm and Haas Company and Chemical Specialties, Inc. (CSI), a wholly owned subsidiary of Rockwood Holdings, Inc., have signed an agreement to form a joint venture to serve the wood-treatment industry.
As part of its strategy to offer complete printing ink solutions, Sun Chemical has signed a license agreement with DataLase, formerly known as Sherwood Technology, to sell DataLase inks.
Flint Group Pigments, a global manufacturer of colorants and other products, has signed an agreement with Connell Bros. Co., Ltd., for distribution of its colorants and additives in the Asia-Pacific region.
NASHVILLE - Akzo Nobel Coatings Inc. announced at a groundbreaking ceremony on October 10th that it would name Nashville as its North American Powder Coatings headquarters and technical laboratories in 2007.
CONSHOHOCKEN, Pa. - H. Morgan Smith, president of Van Horn, Metz & Co., Inc., and Tom Castorina, president of Seaboard Sales, Inc., have announced that Van Horn, Metz acquired Seaboard Sales, a specialty raw materials distributor serving the Metro New York/New Jersey region.
MINNEAPOLIS - The Valspar Corporation, a leading global coatings company, has agreed to acquire the powder coatings business of H.B. Fuller Company, St. Paul, Minn. H.B. Fuller’s powder coatings business, which had net sales of approximately $75 million in 2005, serves customers in 26 countries from manufacturing facilities in the United States and the United Kingdom. The cash purchase transaction is subject to regulatory approval and is expected to close in December. Terms of the transaction were not disclosed.
OSAKA, Japan - Nippon Paint Co., Ltd. (NPC), has finalized its purchase of the majority of Rohm and Haas Company’s (ROH) Automotive Coatings business, and will introduce NB Coatings, Inc., to serve North American customers.
MUTTENZ, Switzerland - Ciba Specialty Chemicals Company has signed an agreement to sell its Masterbatch business to Clariant, Basel, Switzerland. The divestment is expected to be concluded in the fourth quarter of 2006 after the necessary regulatory approvals. The sales price was not disclosed.
COVINGTON, Ky. – Ashland Inc. signed a definitive agreement to purchase the assets of Northwest Coatings of Oak Creek, Wis., a formulator and manufacturer of adhesives and coatings employing ultraviolet and electron beam (UV/EB) polymerization technologies. Northwest Coatings is a holding of Caltius Equity Partners. The transaction, which includes production facilities in Milwaukee and Greensboro, N.C., is valued at approximately $72 million. Trailing 12-month sales of Northwest Coatings are nearly $40 million.
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