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Showing results for Ciba Specialty Chemicals Corp.
...Huntsman Corp, the US chemicals group, is selling two of its businesses to Thailand-based petrochemicals company Indorama Ventures for more than $2bn....
...Agriculture chemicals group UPL agreed to purchase a unit of Platform Specialty Products for $4.2bn on Friday, in a deal that will bolster the company’s offerings of pesticides for farmers....
...Last month Carlyle, the Washington-based private equity group, won a fiercely competitive auction to take over Akzo Nobel’s €10.1bn specialty chemicals unit after the business became a takeover target....
...The closest in chemical composition to polyhalite is potassium magnesium sulphate (SOPM), a 1.7m tonne per year market....
...Swiss chemicals group Clariant and US rival Huntsman Corp have abandoned a planned $20bn merger after opposition by an activist investor group that included Keith Meister’s Corvex hedge fund....
...Clariant is a specialty chemicals group that was in dire shape when Hariolf Kottmann took over as chief executive late in 2008....
...White Tale, which is Clariant’s largest shareholder, claimed the Huntsman deal would mark a shift in strategy from becoming a pure-play specialty chemicals company to an “unfocused and commodity-oriented...
...with Huntsman Corp of the US....
...Swiss specialty chemical maker Clariant confirmed it was pursuing a multi-billion dollar cross-border merger with US rival Huntsman Corporation....
...The deal had “no strategic rationale and is in fact a complete reversal of the company’s longstanding strategy of becoming a pure play specialty chemicals company”....
...Akzo Nobel’s specialty chemicals unit is also for sale, with a price expected at about €9bn....
...It is intended to be split within 18 months into three companies: one in plastics and related materials, one in agricultural chemicals and seeds, and one in other specialty chemicals....
...Akzo, meanwhile, is trying to fend off PPG’s interest by proposing to spin off its specialty chemicals business....
...The manufacturing unit that includes industrials group Precision Castparts and specialty chemicals group Lubrizol reported a 4 per cent rise in revenues....
...Wako has three key businesses focusing on laboratory chemicals, specialty chemicals and clinical diagnostic reagents....
...chemicals products and services....
...It has not made an acquisition on this scale since 2011 when it purchased specialty chemicals company Cognis for €3.1bn....
...Albermarle, a US specialty chemicals group, said it will sell its Chemetall surface treatment division to Germany’s BASF in an all-cash transaction valued at about $3.2bn....
...The context to these mega deals is slow global growth which hurts chemical profits and the end of a commodity boom which threatens the best of the specialty businesses, agrochemicals....
...The chemicals roll-up, Platform Specialty Products, and a consumer products conglomerate, Nomad Foods, are both down by about two-thirds....
...He also controls Platform Specialty Products, a chemicals focused group, which recently acquired the UK’s Alent for $2.3bn including debt....
...On Monday, Platform Specialty Products, the US-based speciality chemicals group founded by serial dealmaker Martin Franklin, proposed to buy Alent, a UK company spun out of Cookson, for $2.3bn including...
...But those ventures — Platform Specialty Products, a chemicals company, and Nomad Foods, a frozen-foods group — have struggled in recent months....
...group Platform Specialty....
...It also likes the German group’s specialty potash business and also wants to keep the salt operations, according to people familiar with the situation....
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