A loud explosion took place at FAR Chemicals’ site at Palm Bay, Florida, on the morning of 8 September, which witnesses compared to a sonic boom. Although there were no injuries, this has led to renewed controversy about the site, where the city rezoned the area for housing earlier this year in the teeth of warnings from the company itself.
CPS Performance Materials, an Arsenal Capital Partners company that is active in performance polymers, fine chemicals and chemical illuminations, has acquired GEO Specialty Chemicals.
FAR Chemical is to expand its facility at Palm Bay, Florida. This is being done in respond to strong demand in end markets such as pharmaceuticals, coatings, adhesives, sealants, composites and flavours and fragrances.