DuPont Co. completed the sale of its INVISTA resins and fibers business to subsidiaries of Koch Industries Inc. for $4.2 billion, including the assumption of debt and certain joint-venture and equity interests.
BASF announced the introduction of the "Larolux" curing system for ultraviolet (UV)-cure coatings, which the company said employs low-energy UV light in a carbon-dioxide atmosphere to rapidly cure coatings applied to three-dimensional metal, plastic or wood objects.
Elementis plc announced an agreement to acquire Sasol Servo, a supplier of coatings additives, from Sasol Ltd. for approximately 48.5 million euros in cash.
The Lubrizol Corp. announced a definitive agreement to acquire Noveon International Inc., a supplier of coatings resins and other specialty chemicals, in a transaction valued at $1.84 billion.
Rockwood Specialties Group Inc. said it will acquire four businesses of Dynamit Nobel, based in Troisdorf, Germany, including titanium dioxide (TiO2) pigment supplier Sachtleben Chemie GmbH and surface-treatment and lithium-chemicals producer Chemetall GmbH. Financial terms were not disclosed.
The Valspar Corp. named William L. Mansfield executive vice president and chief operating officer and Steve Erdahl executive vice president - Coatings, and announced other key management appointments.
Akzo Nobel announced plans to divest the company's industrial polyurethane (PUR) adhesives and systems business with a sale to the Sika Group. Terms were not disclosed.
Akzo Nobel formally opened a new non-stick coatings facility in São Paulo, Brazil, a facility that will produce coatings for the Brazilian cookware industry and a range of other specialized industrial applications such as automotive pistons and copier rolls.
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