Eastman Chemical Co. announced plans to pursue “strategic alternatives” in an effort to improve the profitability of its coatings, adhesives, specialty polymers and inks (CASPI) segment.
HALOX, a division of the Hammond Group Inc., has acquired the IRGACOR organic corrosion-inhibitor business from Ciba Specialty Chemicals. Terms were not disclosed.
Leslie P. Trinity and James Natalini have acquired the assets of Agate Lacquer Mfg. Co. Inc., Long Island City, NY, and will operate the business as Agate Lacquer Tri-Nat L.L.C.
Akzo Nobel announced plans to build an international R&D center in Pontiac, MI, for the company’s Car Refinishes business, and said the site will play a “major role in the development of new products for the global and regional refinishes markets.”
Fluid Enterprises, a subsidiary of St. Louis-based Harbour Group Ltd., has acquired JASCO Chemical Corp., a manufacturer of paint removers and surface-preparation products based in Santa Ana, CA.
Akzo Nobel said it has placed three of its Chemical businesses, including its Coatings Resins unit, on the sale block as part of recently announced restructuring moves. The company said it also will seek to divest its Catalysts and Phosphorous Chemicals businesses.
BASF AG announced a reorganization of the company’s Industrial Coatings business unit in moves aimed at strengthening the unit’s focus on major individual markets.
BASF announced separate agreements to sell its North American-based silicones business to The Lubrizol Corp. and its ester, alkoxylates and silicones surfactant manufacturing site at Gurnee, IL, to Petroferm Inc.
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