Speciality chemicals firm Innospec has agreed to buy the European Personal Care and Home Care business of Huntsman, which has 430 employees at sites in St-Mihiel, France, Castiglione delle Stiviere, Italy, and Barcelona, Spain, plus a head office in Belgium. The business has sales of about $230 million/year and represents approximately $24 million/year of EBITDA.
Johnson Matthey and BASF have separately formed agreements that will further their presence in the cathode materials market for lithium-ion (Li-ion) batteries, the former concluding a patent licence agreement with 3M, the latter a collaboration with Japan’s Toda Kogyo in cathode active materials (CAMs) in North America.
The UK Chemical Industries Association (CIA) has released its first member outlook after the UK’s surprise vote to leave the EU. This found that “despite weakening sales and exports in Q2 2016, chemical and pharmaceutical companies are continuing their positive outlook”. CIA members, like British industry in general, had been overwhelmingly in favour of a ‘Remain’ vote.
Global speciality chemical distributor Azelis has acquired Milan-based Amtech, which distributes speciality chemicals for agrochemical and fertiliser formulations, feed and veterinary, emulsion polymerisation and monomers for them, general industrial applications, metal working and cleaning, textiles and homecare. Terms were not disclosed.
Merck KGaA has signed a non-exclusive worldwide material supply and licensing agreement with the UK-based Nanoco Group, which specialises in cadmium-free quantum dots and other nanomaterials. Precise financial terms were not disclosed but it was revealed that Nanoco will receive a licence fee and royalties on Merck’s sales of its nanodots.
SRF has announced plans to spend about €46 million to build to new plants at its site at Dajej in India’s Gujarat state. The company is a specialist in fluorine chemistry and is active in many different markets.
Calabrian Corporation, which is described as the North American market leader in liquid sulfur dioxide, has changed hands, with private investment firm SK Capital Partners selling it to Ineos Enterprises, a subsidiary of the UK-based Ineos Group. No terms were disclosed.
Speciality chemical distributor Biesterfeld Spezialchemie has acquired its Hamburg-based German compatriot Schütz & Co., which distributes customized APIs and excipients and is also active in the cosmetics sector. Terms were not disclosed and the owners and managers, Rudolf Tiemann and Dr. Reinhold Alt, will remain in an advisory capacity.
Published: August 1, 2016
The major speciality chemical distributor has added the US to its worldwide presence.