Akzo Nobel announced an agreement to sell its Ultra Violet/Electron Beam (UV/EB) Resins business to Cray Valley S.A., part of the Total Group of France. Terms were not disclosed.
Henkel Corp., the U.S.-based affiliate of the Henkel Group of Germany, announced an agreement to acquire Sovereign Specialty Chemicals Inc., an adhesives, sealants and coatings manufacturer based in Chicago, in a transaction valued at $575 million.
Akzo Nobel announced the establishment of a regional headquarters office in Shanghai in a move the company said marks a major milestone in its ongoing program of expansion in China.
Eric Von Knipe, a California businessman and entrepreneur, has acquired the Morwear paint brand from Smiland Paint Co. and has formed Morwear Manufacturing Inc.
The Protech Chemicals Group, based in Montreal, has acquired the Belgium-based powder-coatings manufacturer Oxyplast N.V. Financial terms were not announced.
BASF Coatings AG announced the formal opening of the company's new Distribution Center in Munster, a facility described by BASF Coatings CEO Berthold Tillmann as "an extremely important and effective node in our European production and distribution network."
Wacker Chemie GmbH announced an agreement to sell its ADDID surface coating additives business to Degussa AG's Oligomers & Silicones business unit. Terms were not disclosed.
Consorcio Comex S.A de C.V. (Comex), reported to be Mexico's largest coatings manufacturer, will acquire Professional Paint Inc., the operator of a group of regional architectural-coatings companies in the western United States and Canada, under a merger agreement announced by Colorado-based Professional Paint.
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