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Chemtrade | September 30, 2021
Chemtrade Logistics Income Fund announced that it has entered into a definitive agreement to sell its Potassium Chloride (KCl) and Vaccine Adjuvants businesses to Vertellus, a manufacturer of specialty products for various consumer goods, food and agriculture, healthcare and industrial markets, for approximately US$155 million. The transaction is expected to close during the fourth quarter of 2021 and is subject to customary closing conditions. Vertellus, a Pritzker Private ...
CHEMICAL MANAGEMENT
Bioworks, Sumitomo Chemical Company Limited | June 08, 2021
Ginkgo Bioworks, Inc. announced today the signing of a collaboration agreement with Sumitomo Chemical Co., Ltd., one of Japan's leading chemical companies. Ginkgo is building the industry's best horizontal platform for cell programming to serve customers from various sectors looking to develop better products. Sumitomo Chemical intends to use Ginkgo's long-standing expertise in organism engineering to significantly improve the efficiency and sustainability of an essential bio-based c...
CHEMICAL TECHNOLOGY
Albemarle | June 03, 2021
Albemarle Corporation, a global specialty chemicals industry leader, announced that it had completed the sale of its Fine Chemistry Services business to W. R. Grace & Co. for approximately $570 million, consisting of $300 million in cash. The issuance to Albemarle of preferred equity of a W. R. Grace & Co. subsidiary having an aggregate stated value of $270 million. The sale includes Albemarle's operations in Tyrone, Pennsylvania, and South Haven, Michigan. "The s...
Huntsman | January 20, 2021
Huntsman Corporation (NYSE: HUN) today announced it completed the acquisition of Gabriel Performance Products (Gabriel), a North American specialty chemical manufacturer of specialty additives and epoxy curing agents for the coatings, adhesives, sealants and composite end-markets, from Audax Private Equity. Huntsman paid $250 million, subject to customary closing adjustments, in an all-cash transaction funded from available liquidity. Gabriel had 2019 revenues of approximately $106 millio...
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