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News (124)


UK Construction Giant Strikes a Deal

Balfour Beatty has announced the sale of consulting arm Parsons Brinckerhoff to Montreal-based WSP Global Inc. for £820 million ($1.35 billion USD).


UK Construction Giant Nixes Merger

Balfour Beatty has shut down merger talks with Carillion only one week after announcing the possible £3 billion ($5 billion USD) deal, citing disagreement over the terms.


Sherwin-Williams Expands in Middle East

Sherwin-Williams has opened a new paint manufacturing facility in Saudi Arabia as part of a joint venture with housing manufacturer Red Sea Housing Services Company.


PPG Growing South of the Border

PPG Industries is beefing up its reach in Central America, announcing both a multimillion-dollar expansion of its Mexico facility and plans to acquire a Panama-based protective and marine co...


PPG Drops Comex; S-W Talks Continue

PPG Industries’ Protective and Marine Coatings (PMC) business has terminated its licensee agreement with the Comex Group, but Sherwin-Williams remains interested in Central and South America...


60K Airline Workers Pick New Paint

It was a close race, but American Airlines employees have spoken, voting to repaint hundreds of aircraft with a new red, white and blue flag design.


Sky-High Paint Job Goes to a Vote

A recent merger has American Airlines saying “out with the old and in with the new.” Wait, maybe they want “in with the old and out with the new.”


AkzoNobel Adds, Nippon Paint Subtracts

Global coating makers AkzoNobel and Nippon Paint are resizing their portfolios, with AkzoNobel expanding its presence in the Middle East and Nippon Paint divesting part of its U.S. business.


DuPont Refinish Reborn as Cromax

Automotive coatings formerly from DuPont are getting a fresh new face with a rebranding campaign taking place throughout the rest of the year.


Firms Plan Industrial Services Giant

Diversified global industrial company Harsco Corp. has announced the $300 million sale of its Infrastructure division into a $3 billion joint venture that will combine the business with Bran...


DuPont Ponders Sale of Chemicals Unit

DuPont may shed its Performance Chemicals segment, which produces paint pigments, after a less-than-stellar performance in the second quarter, the major chemical manufacturer announced on Tu...


AkzoNobel Dims Decorative in Germany

AkzoNobel's Decorative Paints business continues its crash diet, with a newly announced plan to shed its German paint stores immediately after selling off its North American unit.


PPG Opens 2013 on a Flat Note

Cooling off after a record earnings year, PPG Industries’ sales remained static for the first quarter of 2013, with weak European markets taking the brunt of the blame.


Royal Holdings Buys Adhesives Packaging

Adhesives Packaging has been acquired by Royal Packaging, with intentions of operating the company as a standalone business in packaging, mixing and applying adhesives.


PPG Chemicals Unit Becomes Axiall

PPG Industries has completed the separation and merger of its commodity chemicals business with a Georgia Gulf subsidiary, giving rise to a new entity called Axiall Corporation.


UK Axes AkzoNobel's Can Coatings Deal

Britain's Office of Fair Trading has blocked AkzoNobel's proposed acquisition of Metlac Holding, ruling that the deal would substantially reduce competition in metal coatings for beer and be...


PPG Gets Go-Ahead to Split Business

PPG is finalizing plans to split off its $5 billion commodity chemicals business after receiving a favorable ruling from the U.S. Internal Revenue Service, the company announced.


Watson Standard Acquires Delta Coatings

Century-old coatings maker Watson Standard is expanding its portfolio and re-entering the general industrial coatings marketplace with the acquisition of Delta Coatings Corp.


AkzoNobel Expands Mideast Operations

AkzoNobel will enlarge its footprint in the sands of the Middle East by expanding its joint venture agreement with one of the Gulf region's largest family-owned companies.


Global Coatings Market Set to Surge

Market researchers are painting a rosy future for the global coatings market, with robust growth on tap through 2015.


Sherwin-Williams Bags Mexico’s Comex

The Sherwin-Williams Company has announced plans to acquire Comex Group, a 60-year-old Mexican paint company, for $2.34 billion in an all-cash transaction.


Safway Acquires N. American Coatings

Strengthening its position as a full-service provider for industrial coating projects throughout the U.S. and Canada, scaffold and access equipment supplier Safway Group has acquired North A...


UK Takes Dim View of AkzoNobel Deal

AkzoNobel’s plan to take over Metlac Holding has hit a snag, with the UK’s antitrust agency deeming the metals coating deal a bad one for customers.


Nordson Industrial Coating Unit Grows

Nordson Corp., maker of industrial coatings equipment, has announced the acquisition of Sealant Equipment & Engineering.


DuPont Coatings Unit Sold for $4.9B

DuPont Performance Coatings, one of the world’s largest automotive coatings suppliers, has reached the finish line.


Deal to Amp Up Coated Steel Supply

U.S. and Asian production of coated steel building and construction products has just received a $1.36 billion shot in the arm with a new joint venture by a leading steel producer and coatin...


AkzoNobel Buys Out Powder Coatings JV

AkzoNobel Powder Coatings has strengthened its position in Africa with the purchase of 100 percent of its longtime joint venture with Freeworld Coatings.


Infrastructure Giant to Swallow Rival

Just how big will be the new energy infrastructure behemoth created by Chicago Bridge & Iron’s takeover of chief rival Shaw Group? This big: 50,000 employees. A backlog of more than $28 bill...


Cement Maker to Buy AkzoNobel Unit

Pakistan’s largest cement manufacturer will be the next owner of AkzoNobel’s chemicals business in that country.


Hempel Acquires Blome International

Moving aggressively to expand its protective coatings reach, Hempel USA has announced the acquisition of Blome International, a global supplier of protective coatings and linings.


Huntsman Seals Polyurethanes Deal

Huntsman Corporation has announced that it acquired the remaining ownership of Russian joint venture Huntsman NMG (HNMG), giving it full ownership of the company.


General Dynamics Buys Ship Coating Div

General Dynamics has announced that it entered into an agreement to acquire the Ship Repair and Coatings Division of Earl Industries, a leading East Coast ship repair company that supports t...


AkzoNobel Completes ICI Pakistan Split

After 13 months, AkzoNobel has reached the halfway point in its two-step plan to split off its paints business from ICI Pakistan and sell off the rest of that business.


Adhesives Maker Sticks to Fast Track

Royal Adhesives & Sealants of South Bend, IN, has completed a blitz of takeovers that is fast reshaping the market for high-performance adhesives, sealants and related coatings.


UK Puts Brakes on AkzoNobel Deal

Britain’s Office of Fair Trading has thrown a flag on AkzoNobel’s plan to take over packaging coatings maker Metlac, saying the deal could well undermine competition and lead to price increa...


Hungry RPM Bags Australian Company

Still showing a voracious appetite for acquisitions, Carboline parent RPM International Inc. has just swallowed its fourth company in about six months.


Disputed Graco-ITW Deal Moves Forward

Reversing course, the Federal Trade Commission has green-lighted Graco’s controversial takeover of ITW Finishing LLC—with one big regulatory but.


Vigor to Acquire Alaska Ship & Drydock

Alaska Ship and Drydock Inc. (ASD) will become part of Vigor Industrial, under an acquisition plan announced this week by both companies.


Simpson Strong-Tie Enters Concrete Protection Market

Simpson Strong-Tie, a global supplier of structural products, has entered the concrete repair, protection and strengthening business with the acquisition of Fox Industries Inc. and S&P Cleve...


Takeover-Hungry RPM Names New Development Chief

Swallowing a new company about every other month now, RPM International Inc. has named Scott Copeland director of corporate development to focus on its acquisition program.


Aggregates Giant Battles Takeover

A hostile takeover attempt that would combine the two largest U.S. producers of construction aggregates has become ensnared in a web of litigation that has thrown the deal into federal court...


Industrial Equipment Giants to Merge

United Rentals Inc., the world’s largest industrial equipment rental company, has announced plans to swallow chief rival RSC Holdings Inc. for $1.9 billion in cash and stock, as that industr...


Ergon Buys Henkel’s Corrosion Group

Ergon Asphalt & Emulsions Inc. has acquired Henkel Corp.’s Corrosion Engineering Division, which provides sophisticated corrosion-protection lining systems for a variety of industries.


KKR Buys Capital Safety for $1.12B

Capital Safety, a global supplier of fall-protection, confined-space and rescue equipment, has been sold to investment buyout firm Kohlberg Kravis Roberts & Co. (KKR) for $1.12 billion.


Sika Acquires Coating Maker Duochem

Global structural materials conglomerate Sika AG has acquired Duochem Inc., a Canadian supplier of waterproofing coatings and membranes used to protect parking decks and other concrete struc...


Quest, PPG Make Coatings Acquisitions

The global paint and coatings industry continues to consolidate, as Quest Specialty Coatings acquires protective coatings maker Patriot Paint and PPG Industries absorbs European architectura...


RPM, AkzoNobel Expand European Industrial Portfolios

Coatings giants RPM International and AkzoNobel are reaching ever deeper into Europe, with RPM acquiring the Spanish fire-protection business Grupo P&V and AkzoNobel swallowing German’s Schr...


Clariant Deal Preserves Coating Lines

KiON, G-Shield and tutoProm protective coatings will continue in “seamless” global distribution under new owner AZ Electronic Materials, the UK-based company says.


ICL Acquires Halox Corrosion Inhibitors

ICL Performance Products, a global specialty phosphate producer, has acquired Halox, a division of Hammond Group Inc., which produces corrosion inhibitor products for the paint and coatings ...


Controversial Lubrizol Deal Closes

Despite insider trading by a senior corporate officer involved in the deal, Berkshire Hathaway has completed its $9.7 billion acquisition of specialty chemical maker Lubrizol, the world’s la...


Jotun Fighting Takeover Attempt

Jotun AS, the third-generation, family-owned Norwegian paint and coatings conglomerate, has blocked a $933 million takeover offer from pizza and hygiene products maker Orkla ASA.


Deal Extends PPG’s Latin America Reach

PPG Industries and subsidiary PPG Colombia have agreed to purchase the coatings businesses of Colpisa Colombiana de Pinturas, a privately owned Colombian coatings company, and its affiliates...


RPM Coatings Acquires Italy’s API

RPM International’s Performance Coatings Group has acquired API S.p.A., a $28 million producer and installer of polyurethane and urethane-based flooring and decking solutions for cruise ship...


Quest Acquires IPC Coatings Business

Quest Construction Products, a division of Quest Specialty Chemicals, has acquired the coatings business of Integrated Paving Concepts (IPC) of Vancouver, Canada—Quest’s eighth corporate acq...


AkzoNobel, PPG Expand Outside US

Global consolidation of the coatings industry continues, as AkzoNobel and PPG Industries—the world’s top two paint companies—have each swallowed another firm in emerging markets.


Sherwin-Williams Buys Leighs Paints

The Sherwin-Williams Company has sealed a deal to acquire Leighs Paints, the UK’s leading independent manufacturer of protective, marine and fire protection coatings.


3 Acquisitions Expand Insituform

Insituform Technologies Inc., global provider of pipeline protection services and materials, has announced acquisition deals totaling more than $28.6 million for complementary companies in t...


PPG, Arkema Step Up Resins Presence

Global resins production is on the front burner at major coatings manufacturers, as Arkema creates a new Coatings Resins unit and PPG Industries launches its first resins plant in China.


Deal, Plants Fire Up Hempel’s Growth

Danish coatings maker Hempel is racing toward its ambitious global growth goals, acquiring a major UK paint manufacturer and expanding its protective and marine presence in India in a few sh...


Veteran Wastewater Contractor Sold

Balfour Beatty Infrastructure is expanding its U.S. water and wastewater contracting footprint with the acquisition of Fru-Con Construction LLC.


Asian Pipe Maker Teams with Saudi Coating Giant

A new Joint Venture will team up China’s largest pipe manufacturer and Saudi Arabia’s AHQ, which operates the third-largest coating factory in the world.


Chemical Mix: Momentive Sells, Ashland Buys, Thatcher Pays

The specialty chemical market is on the move, with Momentive Specialty Chemicals Inc. shedding a coatings resins unit, Ashland Inc. expanding, and Thatcher Chemical facing sanctions.


Deals Expand Stork Technical, BSR

High-performance coatings maker BSR Group has enlarged its industrial focus with the acquisition of Axson Technologies, while asset integrity management giant Stork Technical Services has ad...


AkzoNobel to Split ICI Pakistan

AkzoNobel has announced plans to split off its paints business from ICI Pakistan and sell off the chemicals piece of the company.


Rhino Acquires Concrete Solutions

Protective coatings supplier Rhino Linings Corp. has acquired Concrete Solutions Inc., a manufacturer and distributor of concrete coatings products and systems.


ITW Purchase to Expand Graco’s Reach

Spray equipment giant Graco will further expand its broad reach into the paint equipment market with the purchase of ITW’s group of finishing businesses.


EAG Acquires CAS-MI, Chemir Analytical

Evans Analytical Group Inc. (EAG), a global provider of surface analysis and materials characterization services, has acquired Chemir Analytical Services and its affiliates CAS-MI Laboratori...


DSM Realigns Coatings Businesses

Dutch resins giant DSM has realigned its coatings-related businesses, merging DSM Powder Coating Resins and DSM NeoResins into a single new unit, DSM Coating Resins.


ShawCor to Buy Altus Coating Business

Shaw Pipe Protection Limited, a subsidiary of ShawCor. Ltd., has agreed to buy the coating assets and business of Altus Energy Services Partnership, Altus Energy Services Ltd. and Nusco Nort...


Buffett Buys Lubrizol for $9.7B

The “Oracle of Omaha” is making a big splash into the global lubricants business, with one of his largest acquisitions ever: a $9.7 billion cash deal for specialty chemical maker Lubrizol Co...


Deal Extends Valspar’s Latin Reach

The Valspar Corp. has announced that it has acquired Brazilian coatings maker Isocoat Tintas e Vernizes Ltda.


Elcometer Buys Dakota Ultrasonics

Elcometer Limited, the UK-based global supplier of inspection equipment to the coatings, concrete and metal detection industries, has announced the acquisition of Dakota Ultrasonics Inc. of ...


Dayton Buys Steel Infrastructure Firm

Dayton Superior Corp. has acquired Block Heavy and Highway Products Co., a leading supplier of steel infrastructure products used in the construction and repair of concrete roads, highways, ...


RPM Performance Coatings Buys UK Drainage Maker

RPM Performance Coatings Group has acquired Pipeline & Drainage Systems Ltd. (PDS), a UK-based supplier of curb, bridge and channel drainage products for construction and infrastructure mark...


Harsco Signs 25-Year Joint Venture in China

Harsco Corp. and China’s Taiyuan Iron & Steel (Group) Co Ltd. have established a 25-year joint venture to address “the environmentally beneficial processing and metal recovery of TISCO’s sta...


BASF Clears Final Approvals on Cognis Deal

The European Union and Chinese authorities have both approved BASF SE’s acquisition of Cognis Holding GmbH, clearing the way for the transaction to close within days.


ShawCor Acquires Socotherm, Thermotite Brasil

Pipeline supplier ShawCor Ltd. is steadily expanding its coatings reach worldwide, staking a claim to Italian pipe-coating contractor Socotherm S.p.A. and swallowing up offshore protective c...


RPM Acquisition Expands Waterproofing Line

The RPM/Belgium Group has acquired Hermeta Chemie GmbH, based in Berlin, to broaden RPM’s waterproofing product offerings for pedestrian traffic decks, industrial floors and balconies.


Polyguard Products Acquires Maker of Poly-Wall

Polyguard Products, manufacturer of waterproofing and corrosion protection products, has acquired Protective Coatings Technology Inc. (PCT), which manufactures Poly-Wall thermoplastic fluid-...


New Momentive: $7.5B Global Chemical Network

The parent companies of Momentive Performance Materials Inc. and Hexion Specialty Chemicals Inc. have completed their merger, creating a global network for specialty chemicals and materials ...


RPM Acquires High-Performance Sealants Maker

RPM International Inc.'s Building Solutions Group has acquired Park Dis Ticaret A.S., a supplier of high-performance sealants, tapes and membranes to construction markets in Turkey. Terms we...


Global Game Changer: OMNOVA to Buy Eliokem

OMNOVA Solutions Inc. will acquire specialty chemicals manufacturer Eliokem International, transforming OMNOVA into a highly diversified $1 billion company with a significant global Performa...


Valspar Completes Acquisition of Wattyl

The Valspar Corp. has completed its previously announced acquisition of Australian paint manufacturer Wattyl Ltd., the companies have announced.


Momentive Materials, Hexion Chemicals to Merge

Momentive Performance Materials Inc., a global producer of silicones and advanced materials, will merge with Hexion Specialty Chemicals to form one of the world's largest specialty chemicals...


Dayton Superior Buys Unitex, Closes UBS Deal

Dayton Superior Corp. has acquired the assets of Unitex Chemicals, manufacturer of products for industrial concrete construction and repair, and completed its acquisition of bankrupt Univers...


Rhino Linings Acquires Tobin Manufacturing

Protective coatings manufacturer Rhino Linings Corp. has announced the acquisition of coatings equipment supplier Tobin Manufacturing LLC.


Sherwin-Williams Completes Becker Acroma Deal

The Sherwin-Williams Company has completed its fifth acquisition in just over two years, closing a $227 million agreement to purchase Becker Industrial Products AB.


Teknos Seals Paint Merger; IMCD Grows in Asia

Two industrial paint manufacturers are joining forces in the Polish market, while an acquisition by IMCD will give that company a foothold in the Asian specialty chemicals sector, the partie...


Huber Acquires Sherwin-Williams’ Kemgard Line

Huber Engineered Materials has acquired the Kemgard flame-retardant and smoke-suppressant business of Sherwin-Williams.


Nanotech Industries, Maker of Green Polyurethane, Merges with EPOD Solar

EPOD Solar has entered into a stock purchase agreement with Nanotech Industries International for the reverse merger of the two companies.


Report Projects Continued Acceleration of M&A Activity in Engineering, Construction

Merger and acquisition activity in the global engineering and construction sector showed continued momentum in the second quarter, and the trend is expected to continue in the second half, a...


RPM to Acquire Illbruck Sealant Systems

RPM International Inc. has announced that its Tremco Inc. subsidiary has signed a definitive purchase agreement to acquire Illbruck Sealant Systems, a German manufacturer of high-performance...


AZZ Completes N. American Galvanizing Merger

AZZ Inc., a provider of galvanizing services and manufacturer of electrical products, has consummated the merger of North American Galvanizing & Coatings Inc. (NGA) with and into Big Kettle ...


BIS Expands in Benelux; 3M Buys Dailys Ltd.

The BIS Group has formed a new industrial surface protection unit in the wake of its acquisition of a majority stake in Mobile Brabant.


Valspar to Acquire Australia’s Wattyl Ltd.

The Valspar Corp. announced plans to acquire Australian paint manufacturer Wattyl Ltd.


Freeworld Coatings Buyout Collapses

Shareholders of Freeworld Coatings Ltd. have killed a planned takeover of the company by the investment group Bidco.


BASF Announces Deal to Acquire Cognis

As widely speculated, chemicals and coatings giant BASF SE (Ludwigshafen, Germany) will acquire specialty chemicals company Cognis from Cognis Holding Luxembourg S.à r.l., a company controll...


RPM Acquires Flooring-Systems Maker Hummervoll

RPM International Inc.’s Performance Coatings Group has acquired Hummervoll Industribelegg AS, a supplier and installer of industrial flooring systems based in Bergen, Norway, with annual sa...


Reports: BASF ‘Close’ to Deal for Cognis

Chemicals and coatings giant BASF AG (Ludwigshafen, Germany) is reported to be close to a deal to acquire Cognis (Monheim, Germany), with a purchase price put at approximately 3 billion euro...


Paint-Applicator Maker Announces Merger

Great American Marketing Inc., a manufacturer of paint brushes, rollers, and related paint sundry items, announced plans for a merger with Howard Berger Company, a diversified hardware-produ...


Orica Revives Plan to Spin Off Dulux

Australian chemical and mining giant Orica Ltd. has announced that it will spin off paint and building products maker DuluxGroup to create a stand-alone, ASX-listed company.


Hanson Buys Visuron

The Hanson Group LLC (Alpharetta, Ga.) has announced that it acquired polyurea-maker Visuron Technologies, Inc. of Bay City, Mich.


TF Warren to Expand Tank, Terminal Services

Following the recent acquisition of Tarsco Inc. with partner Atec Steel, the TF Warren Group of Ontario, Canada, has announced plans to expand its services to tank owners and terminal operat...


Cognis to Sell UV Acrylates Business

Cognis, a global specialty chemicals producer based in Monheim, Germany, announced an agreement to sell its UV acrylates business to IGM Resins B.V., based in Waalwijk, The Netherlands.


Equity Firm to Acquire Container Maker BWAY

BWAY Holding Company, a major North American supplier of general-line rigid containers including containers for paints and coatings, announced an agreement to be acquired by a company organi...


Lowe’s Teams Up with PARA Paints

Lowe's Companies Inc. and Toronto-based PARA Paints have announced a strategic alliance to bring the Canadian paint brand to all Lowe's retail stores in Canada by mid-April.


RPM Acquires Dutch Company Chemtec

RPM International Inc.’s Rust-Oleum Corp. subsidiary has acquired Chemtec Chemicals BV, a manufacturer of industrial cleaners and specialty coatings based in The Netherlands.


Sherwin-Williams to Acquire Sayerlack Coatings

The Sherwin-Williams Company has announced that it will acquire the Industrial Wood Coatings business of Arch Chemicals Inc.


Reaves Merges into Trimaco

Reaves Inc., maker of Butyl II products, has joined with Trimaco LLC, makers of One Tuff and Easy Mask, under the Trimaco name.


RPM Expands Protective Coatings Portfolio

RPM International Inc. (Medina, OH) announced that it has acquired the Universal Sealants (U.K.) Limited group of companies, a United Kingdom-based supplier of coatings and construction prod...


Chase Acquires Protective Tape Line

Chase Corporation (Bridgewater, MA) has acquired the full range of ServiWrap® pipeline protection products from Grace Construction Products, a unit of W.R. Grace & Co.


Miller Paint, AkzoNobel Set Deal

Miller Paint has established “a new strategic alliance” with AkzoNobel that includes acquisition of two ICI Paints Stores in Oregon, according to a statement by Miller.


ThyssenKrupp Sells Safway

ThyssenKrupp Safway, which provides scaffold products and services throughout the U.S. and Canada, announced on December 17 that its parent company, ThyssenKrupp AG, has sold Safway and its ...


Rust-Oleum Acquires Safety Manufacturer

RPM International, Inc. (Medina, OH) announced that its subsidiary, Rust-Oleum Corporation, has acquired FibreGrid Limited, a supplier of fiberglass anti-slip safety products based in the UK...


LINE-X Announces Merger, Names CEO

LINE-X Protective Coatings, a manufacturer of high-performance protective coatings, announced a merger of Advanced Protective Coatings and LINE-X Franchising LLC, and named Kevin Heronimus C...


Blackwell’s Buys Dry Ice Blasting Co.

Blackwell’s Inc. has announced that it recently purchased the dry ice blasting company, CO2LD TECH of Ontario, California.


NPCA/FSCT to Adopt New Name

The National Paint and Coatings Association (NPCA/FSCT) has announced that it will change its name to the American Coatings Association (ACA), effective January 1, 2010.


AkzoNobel to Buy Dow Powder Coatings

AkzoNobel has announced signing an agreement with The Dow Chemical Company (Dow) to acquire its powder coatings activities. Financial details were not disclosed.


DuPont Merges Two Businesses

DuPont (Wilmington, DE) has announced the merger of two of its businesses, DuPont Chemical Solutions Enterprise and DuPont Fluoroproducts, into a single unit named DuPont Chemical Fluoroprod...


Milliken Buys Pigment, Additive Maker

Milliken & Company has acquired the assets of Aston, PA-based Rebus, Inc., which makes pigment and additive dispersions for high-performance industrial coatings and thermoset plastics.


Carboline to Own 80% of Indian Venture

RPM International Inc. (Medina, OH) has announced that its Carboline subsidiary has acquired a majority interest in its Indian joint venture, CDC Carboline India Pvt. Ltd.


Bayou to Acquire Canadian Pipe Coating Plant

The Bayou Companies, Inc. (Bayou), a subsidiary of Insituform Technologies, Inc., has announced its agreement with Garneau, Inc. to acquire Garneau's pipe coating and insulation facility and...


RPM’s Stonhard Buys Australian Distributor

RPM International Inc., a worldwide holding company, announced today that its Stonhard subsidiary has acquired Australian-based Ascoat Contracting Pty Ltd and Ascoat Pty Ltd, a supplier and ...


Tikkurila Buys Remainder of Joint Co.

Finnish coatings maker Tikkurila Oy (Vantaa) has announced acquiring the remaining 50% stake of the trading company, Tikkurila JUB Romania SRL.


 
 
   

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