Tikkurila Oy, the paint and coatings business of Finland-based Kemira Oyj, announced plans to acquire a 51% stake in Kolorit Paints, based in Kiev, Ukraine. Completion of the transaction was anticipated in September.
Akzo Nobel and BASF announced a swap of coatings businesses in transactions that will send BASF's Glasurit Construction coatings business to Akzo Nobel and transfer parts of Akzo Nobel's Car Refinishes business in Europe to BASF.
Bayer Group formally announced the launch of a new company, LANXESS Corp., as part of a plan to spin off major portions of Bayer's chemicals and polymer operations, including inorganic-pigments and paint-additives businesses.
Eastman Chemical Co. completed the sale of certain businesses and product lines of the company's coatings, adhesives, specialty polymers and inks (CASPI) segment to the private investment firm Apollo Management L.P. Eastman said the sale is part of a plan to boost profitability.
BASF AG and The Dow Chemical Co. announced plans to proceed with the construction of a "world-scale" propylene oxide production plant in Antwerp, Belgium, using the companies' hydrogen peroxide-to-propylene oxide technology.
The Sherwin-Williams Co. and three partners announced the development of polyurea-based construction technology designed to provide resistance to the effects of explosions
The Valspar Corp. completed the purchase of certain assets of the forest-products business of Associated Chemists Inc., including a product line of edgesealers, surface primers, paints and stains, ink, and specialty chemicals used by manufacturers of oriented strand board and other wood products.
Rockwood Specialties Group Inc.'s Rockwood Pigments (UK) Ltd. subsidiary completed the acquisition of the Pigments and Dispersions business of Johnson Matthey plc for approximately $50 million.
The Sherwin-Williams Co. completed the acquisitions of Duron Inc. and Paint Sundry Brands Corp. in separate transactions valued at approximately $625 million, including the assumption of certain financial obligations.
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