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News (43)


Dow, DuPont Deal Under EU Antitrust Review

As the proposed merger between two chemical giants advances, the European Union’s antitrust authority has opened an investigation to determine whether the transaction is in line with the EU ...


PPG Sheds Flat Glass; Bunch to Step Down

Pittsburgh-based paints and coatings manufacturer PPG announced a historic change in its business operations lineup, as well as to its executive board, Thursday (July 21).


DowDuPont Merger Gets Investors’ Nod

DuPont and The Dow Chemical Company have each received the formal approval of their respective stockholders to move forward with their planned merger.


Global Resins Merger Set to Advance

A deal between global resins manufacturers Allnex and Nuplex is moving forward, with shareholders from Nuplex approving a deal that would merge the two companies.


PPG-MetoKote Leader Named

Fortune 500 paint and coatings maker PPG announced a new appointment to its executive leadership team Monday (July 11).


ThyssenKrupp, Tata Steel Talk Merger

German industry giant ThyssenKrupp has confirmed that it is in talks with India-based Tata Steel about a possible merger, leading to speculation that Europe’s steel market may be set to furt...


RPM Acquires NC Bridge Repair Firm

Specialty coatings and sealants giant RPM International has added to its portfolio with the acquisition of Applied Polymerics Inc. & Marketing Associates Inc. (API/MAI), an infrastructure ma...


Dow to Lay Off 2,500

Within weeks of The Dow Chemical Company’s completion of its strategic ownership restructuring of Dow Corning Corporation, the specialty chemical giant announced the elimination of 2,500 job...


$11B Valspar Deal Gets Shareholders’ OK

Paint and coatings maker Valspar, based in Minneapolis, received the support of its shareholders Wednesday (June 29), as they voted to approve the proposed sale of the company to rival The S...


BASF Grows Coatings Arm in $3.2B Deal

Known as a multi-national chemicals manufacturing corporation, BASF is expanding its coatings portfolio through the acquisition of a global surface treatment business.


PPG Expands Reach with New Acquisition

Pittsburgh-based coatings giant PPG has announced it will acquire global coatings services provider MetoKote and its affiliates.


Dow Takes Full Control of Silicones Business

With an eye toward enhanced material science capabilities, The Dow Chemical Company has completed its strategic ownership restructuring of Dow Corning Corporation, according to a June 1 anno...


Marine Coatings Firms Partner Up

Japan’s Nippon Paint Marine Coatings and Germany’s Wilckens Farben GmbH have announced a joint venture that will supply Nippon’s marine paints throughout Europe and Turkey.


FTC Reviews Acquisition

As part of The Sherwin-Williams Company’s pending acquisition of The Valspar Corporation, the companies have been asked to provide additional information and documentary material to federal ...


Merger Targets Water Infrastructure

Engineering, consulting, and design services firm Stantec is planning to extend its worldwide reach in water resources infrastructure with the acquisition of MWH Global Inc.


APE to Buy Corrosion Specialties

APE Companies, of Deer Park, TX, is expanding its reach and capabilities through the acquisition Corrosion Specialties Inc.


Merger to Form Energy Pipeline Giant

The company known for the controversial Keystone Pipeline project, which sought to carry crude oil from the oil sands in Alberta, Canada, through the U.S. and on to the Gulf of Mexico, has a...


Sherwin-Williams, Valspar Make $11.3B Deal

In a deal valued at $11.3 billion, The Sherwin-Williams Company and The Valspar Corporation jointly announced that they have entered into a definitive agreement under which Sherwin-Williams ...


AkzoNobel to Buy BASF Unit for $531M

In a shift of the global performance coatings landscape, global paint and coatings giant AkzoNobel has agreed to buy BASF’s industrial coatings business for €475 million ($531 million), the ...


Westinghouse Picks Engineer for Nuclear Jobs

Irving, TX-based engineering construction company Fluor Corporation won two subcontracts giving it workforce


Offshore Fabricator Pays $20M for Shipyard

Known as a manufacturer of specialized structures and vessels used in the oil, gas and marine industries


Milan Firm Acquires Lane Industries

Italian infrastructure group Salini Impregilo announced an agreement to acquire U.S.-based construction firm Lane Industries Inc., one of the country’s top federal contractors for roads and ...


Nuclear Giant Takes on Construction

Leading supplier of nuclear plant products and technologies to utilities throughout the world, Westinghouse Electric Company LLC is expanding its global offerings through the acquisition of ...


Firm Invests in 2 Shipyards’ Future

While other area shipyards are undergoing layoffs and facing budget concerns, two Virginia shipyards are about to be purchased by a New York-based investment firm that focuses on “distressed...


American Galvanizing Joins Valmont

With business portfolio comprising four primary segments—coatings, engineered infrastructure products and services, utility support structures and irrigation—Valmont Industries is expanding ...


PPG Completes IVC Acquisition

Coatings giant PPG Industries has formally acquired IVC Industrial Coatings, Inc., the company announced Tuesday (Sep. 1).


A.W. Chesterton, Ceramic Polymer Join

Known for its industrial fluid sealing systems, protective coatings, and high-performance industrial lubricants and MRO chemicals, the 135-year-old A.W. Chesterton Company is extending its g...


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...


 
 
   

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