ICI Paints' North American division has acquired eight architectural-paint stores in the San Joaquin Valley of California from Wilshire Paint Co. in a transaction that ICI Paints said expands the company's total of retail paint stores to 75 in the state.
Avecia announced a definitive agreement to sell its Additives business, part of the company's Specialty Products portfolio, to The Lubrizol Corp. for an undisclosed price.
BASF's automotive-coatings color forecasters say car buyers will look to shake the "conservative, comforting" colors of the past few years in favor of more "lively, exuberant and exotic" colors.
DuPont Co. announced an agreement to sell its INVISTA textiles business, formerly DuPont Textiles & Interiors, to Koch Industries Inc.'s KED Fiber Ltd. and KED Fiber L.L.C. subsidiaries for $4.4 billion in cash.
DuPont Co. announced plans for a major restructuring program that will include employment reductions and other moves aimed at generating $450 million in cost savings this year and $900 million in savings in 2005.
The Sherwin-Williams Co. has acquired the colorants product lines and related assets of Accurate Dispersions from Eastman Chemical Co. Terms were not disclosed.
Resolution Performance Products L.L.C., reported to be the world's largest producer of epoxy resins, announced a rationalization of certain solid epoxy resin products and a consolidation of its solid epoxy resins product line.
Professional Paint Inc.'s Frazee Industries subsidiary has acquired the non-manufacturing assets of Classic Paint, an Arizona-based company that operates retail stores in Prescott Valley, Prescott, Kingman, and Bullhead City, AZ.