The enhanced proposal adds financing support to the investor’s pursuit of the Building Adhesive Solutions business, but it remains a conditional offer.
The result advances a potential pigment feedstock route, with further work needed on impurities, surface treatment and finishing before commercial use.
The expanded U.K. center combines specialty welding, multi-layer protective coatings and other manufacturing capabilities for energy and critical-infrastructure markets.
Wind-down is scheduled to begin in September 2027, with some products expected to be discontinued and others potentially transferred to different facilities.
The phased Gurun project expands LB Group’s Southeast Asia manufacturing footprint with planned annual capacity of 300,000 metric tons of advanced materials.
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