Netherlands-based Barentz International, which is mainly a distributor of life science ingredients, has agreed to acquire Maroon Group of the US in a deal that will create a global force in the life science and broader specialty chemical industries.
Finnish paper giant UPM has officially begun construction of its Biochemicals’s division’s €550 million facility at Leuna, Germany. The plant is expected to start production by the end of 2022. At the World BioEconomy Forum in September, the investment won the award for Bio Act of the Year.
PQ Group Holdings has agreed to sell its Performance Materials business, known as Potters Industries and a major producer of engineered glass materials, for $650 million to mid-market private equity firm Jordan Company.
US private equity giant Ardian has acquired a 50% stake in Angus Chemical from Golden Gate Capital at a total enterprise value of about $2.25 billion. Golden Gate, which bought the firm from Dow Chemical in February 2015, will retain the other. The deal should close at the end of the year.
Pharmaceutical CDMO Sterling Pharma Solutions which is based near Newcastle-upon-Tyne, UK, and was formerly owned by Rhodia and Shasun, has acquired Alcami’s facility at Germantown, Wisconsin (pictured). Terms were not disclosed.