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.
ARNHEM, The Netherlands - Akzo Nobel has agreed to sell its MPP Systems® business to Veolia Water Solutions & Technologies, part of the Water Division of French company Veolia Environnement. Financial details have not been disclosed.
ALSIP (Chicago) - Frost & Sullivan recently selected Scientific Dust Collectors as the recipient of the 2006 U.S. Industrial Air Filtration Technology Leadership of the Year Award in recognition of its ability to provide superior technology solutions for the U.S industrial air-pollution control market.
HOUSTON - International Paint LLC, an Akzo Nobel company, has opened a new distribution center to serve its customers throughout Pittsburgh and the surrounding Tri-State region.
DALLAS - Flowserve Corp. a global provider of fluid motion and control products and services, has received two prestigious industry awards from global-growth consulting company Frost & Sullivan, honoring its market leadership in the pump sector.
WEST PATERSON, N.J. - Cytec Industries Inc. announced the manufacturing startup for select MACRYNAL® high-solids acrylic polyols and VIACRYL® water-based acrylics at the company’s Langley, S.C., production facility.
MÜNSTER, Germany - For the third time since 2002, BASF’s Coatings Division in Mexico has received the prestigious General Motors Supplier of the Year award for outstanding performance as an automotive-coatings supplier to GM in Mexico.
HAUPPAUGE, N.Y. - Charles Ross & Son Company has completed its manufacturing plant expansion in Wuxi, China. The expansion adds approx. 20,000 sq. ft. to the existing building. The facility is strategically located in Wuxi City, on the Shanghai/Nanging Expressway, about 70 miles from Shanghai.
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