Skip to main content

IPOs for Azelis, Nouryon

Two companies active in the speciality chemicals sector - chemicals distributor Azelis and Nouryon, the former chemicals division of AkzoNobel – have separately announced IPOs in recent weeks. Both are currently owned by private equity.

Nouryon spins out Nobian and rebrands

As part of its ongoing strategy, Nouryon is to spin out its base chemicals business into a separate company called Nobian. This should be complete by early Q3. Both will remain under the ownership of the Carlyle Group and GIC and Nouryon intends to reduce its own debt with the proceeds of a planned external financing by Nobian.

Nouryon to expand MCA

Nouryon plans to expand its capacity for monochloroacetic acid (MCA) at Delfzijl, Netherlands, by the end of 2020. Together with the opening of a new joint venture plant in India later this year, which will increase its global capacity by 20%.

Nouryon completes two moves

Nouryon has completed two recently announced advances: the acquisition of the carboxymethyl cellulose (CMC) business of J.M. Huber, including a manufacturing plant and advanced R&D facility located in Äänekoski, Finland; and doubling organic peroxides at its plant in Itupeva, Brazil.

Nouryon, Ineos break ground

Nouryon and Ineos Nitriles have broken ground on new facilities that will be built at the latter’s site in Cologne, Germany, and completed in 2021 or 2022.

Nouryon launches third ‘Imagine Chemistry’

Nouryon, the former AkzoNobel Specialty Chemicals, has launched the third edition of its ‘Imagine Chemistry’ collaborative innovation challenge, under which start-ups, scale-ups, university spin-outs and other potential partners are invited “to tackle chemistry-related challenges and uncover new ways to create value for customers”

Subscribe to Nouryon