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News (108)


Resins Firms' Merger Complete

Allnex, an international resins supplier of resins for architectural, industrial, OEM and special purpose coatings, has completed its acquisition of global resins manufacturer Nuplex Industr...


Clariant Grows Oil-Chemicals Portfolio

In an effort to expand the footprint of its North American oil-chemicals business, a Swiss chemical maker plans to acquire two Texas-based firms that specialize in oilfield production chemic...


RPM: Acquisition, SEC Investigation

Known as a multinational holding company with subsidiaries that manufacture and market high-performance coatings, sealants and specialty chemicals, RPM International is extending its reach i...


Dryco Joins Temporary Power Provider

In a move to expand its drying and dehumidification services in North America, a Scottish power generation and HVAC specialty rental business has acquired industrial climate control company ...


Resins Acquisition Gets Green Light

The merger of two major resin manufacturers is one step closer to fruition after receiving antitrust clearance from the European Commission.


Valspar Q3 Numbers Mixed

Coil and wood coatings fueled volume growth in the third quarter for Valspar Corp., though foreign currency translation contributed to a slight dip in sales for the manufacturer as it prepar...


Safway Canada Buys Coating, Blasting Firm

Known for providing access and scaffolding equipment, as well as insulation, coatings and project management services, Safway Group Canada is expanding its presence in Western Canada with th...


Coatings Maker Buys Into Middle East

A Japanese paint company has announced its intentions to buy a Saudi Arabian protective coatings firm as a step to gain access to the Persian Gulf area’s energy and infrastructure industries...


Axalta Completes Dura Coat Purchase

Global liquid and powder coatings maker Axalta Coating Systems has expanded its portfolio of offerings with the completed acquisition of Dura Coat Products Inc., the Philadelphia-based firm ...


AkzoNobel Takes Ownership of Egypt Venture

As part of its accelerated growth strategy for Egypt and the wider North Africa region, Dutch paints and coatings manufacturer AkzoNobel has bought out the remaining stake in Akzo Nobel Powd...


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).


PPG-MetoKote Leader Named

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


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...


Axalta Plans Dura Coat Aquisition

Axalta Coating Systems, a global manufacturer of liquid and powder coatings, announced this week that it plans to acquire Riverside, CA-based Dura Coat Products Inc., a manufacturer of coati...


PPG Sells a Fiber Glass Unit

Global paints and coatings maker PPG is divesting itself of its European fiber glass operations, the Fortune 500 company announced Monday (June 20).


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...


Carboline Buys Out Chinese Venture

Medina, OH-based multinational holding company RPM International Inc. has announced that its subsidiary Carboline Company now holds full ownership of its Chinese joint venture.


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 ...


Evonik Grows Its Additives Portfolio

Specialty chemicals company Evonik Industries AG seeks to strengthen its position in the specialty and coating additives market by purchasing a division of Allentown, PA-based Air Products a...


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 ...


AkzoNobel Eyes a BASF Coatings Segment

Dutch paints and specialty chemicals firm AkzoNobel has put to rest recent industry speculation that it is pursuing the purchase of BASF’s Industrial Coatings business.


Hempel to Shed Blome International

Global protective coatings supplier Hempel announced Tuesday (Feb. 2) that it is selling off its interests in Blome International, a U.S.-based corrosion control products manufacturer it acq...


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 ...


Damaged Refinery Finds New Owner

A California refinery that was the site of an explosion that injured four people earlier this year has been sold, while the agency in charge of investigating the explosion has said that the ...


Latchways Joins MSA Safety

A Pittsburgh-based safety products manufacturer has announced its plan to acquire a UK-based fall protection safety group in an effort to expand its global reach.


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...


PPG to Acquire Industrial Coating Maker

PITTSBURGH--PPG Industries has announced an agreement to acquire IVC Industrial Coatings Inc., a U.S.-based specialty powder and liquid coatings manufacturer with 2014 sales of more than $10...


Deal Drives U.S. Steel's Auto Goals

PITTSBURGH--Accelerating its presence in the automotive industry, U.S. Steel has bought out the world's largest producer of electro-galvanized steel.


Rhino Builds Out Insulation Business

SAN DIEGO—Protective-coatings maker Rhino Linings Corp. is reaching deeper into the building products market with the acquisition of a Missouri spray-foam insulation maker.


AkzoNobel Cuts Paper Chemicals

AMSTERDAM—AkzoNobel has finalized a €153 million ($170.4 million USD) divestment of its paper chemicals business to Kemira Oyj, the Netherlands-based company announced Monday (May 4).


PPG Takes Over Auto, Wood Companies

PPG Industries has stretched its wings from Australia to France and from additives to wood stains, closing two acquisitions on two continents in two days.


Access Companies Strike $251M Deal

A multinational deal now underway will create an industrial access, insulation and corrosion-protection giant with the reach of 17,000 employees across Europe and the Middle East.


RPM Enlarges Stake in S. Africa

Carboline's parent company has expanded yet again with the acquisition of South Africa's leading aerosol coatings brand.


New Deals to Absorb 3 Coating Firms

A fresh round of coatings acquisitions is in the works, including Hempel's purchase of a North American supplier for the protective and waterproofing markets.


Series of Deals Fattens Graco’s Reach

Spray-equipment manufacturer Graco Inc. is bulking up and branching out, spending $185 million in cash for four companies that will expand its geographical and industry footprint.


Hempel Expands with New Acquisition

Taking a "step towards achieving its growth ambition," Hempel has acquired a Dutch maker of industrial, protective and decorative coatings.


Deal Expands Graco Blast Unit

One year after jumping into the abrasive-blasting equipment field, Graco Inc. has strengthened its stake with a second acquisition.


Huntsman Sheds Pigment Jobs, Plans

A year after announcing major expansion of its global pigment business, Huntsman Corp. is making sharp course corrections, with new plans for hundreds of layoffs and cuts in production capac...


Valspar Deal Expands Protective Reach

Moving deeper with one stroke into the global infrastructure market, the Valspar Corp. has acquired protective and marine coatings maker Madison Chemical Industries Inc.


PPG Wraps Up Comex Purchase

PPG Industries' speedy acquisition of Mexico's largest paint and coatings maker is a done deal.


Review of PPG-Comex Deal Extended

PPG Industries will wait a bit longer for Mexico's decision on the company's $2.3 billion bid to take over that country's largest paint and coatings maker.


U.S.-Ordered Sale to Profit Graco

A shotgun divorce ordered by the U.S. Federal Trade Commission will end lucratively for Graco Inc., as the spray-equipment giant prepares to sell of its Liquid Finishing business at a nine-f...


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).


AkzoNobel Builds Coatings, Folds Paper

AkzoNobel is again honing its future markets with a new Performance Coatings investment in China and the sell-off of a major business unit.


Construction Materials Giants Merge

Martin Marietta Materials has become the largest U.S. producer of aggregates and heavy building materials, with the completion of its $2.7 billion takeover of Texas Industries, the companies...


PPG Swoops in on Comex

PPG Industries has announced a $2.3 billion plan to buy Mexico paint and coatings giant Comex—the same company that Sherwin-Williams unsuccessfully pursued for more than a year.


PPG Expands Latin American Presence

PPG Industries Inc. is working to cut itself a larger slice of the coatings market in Latin America with expansion plans in Brazil and a completed acquisition of a protective and marine coat...


Pipeline Corrosion Firm Sold for $116M

Global HSE concern Halma plc has acquired California-based Rohrback Cosasco Systems (RCS), the leading U.S. corrosion monitoring firm, the companies have announced.


Sherwin-Williams Sued over Failed Deal

Mexico’s largest coatings producer has filed suit against Sherwin-Williams, blaming the Cleveland paint maker for the implosion of its plan to buy the Latin American supplier, Reuters report...


PPG Retools in New Push for the Pros

Most of the U.S. purchasing power for architectural paints and coatings is now in the hands of contractors, specifiers and other professionals—a new reality that has PPG Industries rebrandin...


Ups and Downs at Sherwin-Williams

Mother Nature’s wrath and currency issues bedeviled Sherwin-Williams in the first quarter of 2014, dampening profits despite record sales.


Sherwin-Williams Drops Comex Quest

Twice denied a regulatory blessing, the largest paint retailers in the U.S. and Mexico have finally broken off their $2.34 billion engagement.


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 to Acquire Hi-Temp Coatings

PPG Industries will reach deeper into the petrochemical and other industrial markets with the acquisition of Hi-Temp Coatings Technology Co., Inc., the Pittsburgh-based company announced Mon...


Graco Inc. Enters Abrasive Blasting

Staking a brand-new claim in the coatings industry, spray-equipment maker Graco Inc. has announced the acquisition of EcoQuip Inc., a manufacturer of abrasive-blasting equipment.


Guyson Acquires Automated Blasting

Blast equipment maker Guyson Corp. of U.S.A. is staking a new claim in the wet-blast field with the acquisition of Automated Blasting Systems Inc. of Windsor, CT, the companies have announce...


Rhino Buys Protective Coating Supplier

Rhino Linings Corp. has acquired Advanced Coating Solutions, a protective and marine coatings maker and longtime Rhino supplier.


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.


Mexico Again Rejects Sherwin Deal

Mexican anti-trust regulators have once again blocked Sherwin-Williams’ push for Latin American domination, nixing the Cleveland company’s $2.34 billion bid for rival Consorcio Comex, S.A. d...


Ups and Downs Mark Sherwin-Williams’ Q3

Sherwin-Williams reported a record third quarter Friday, with a lot of help from its paint stores, a little from protective and marine, and none from Brazil's tax man.


AkzoNobel Revenues Slide in Q3

Divestments and exchange rates clobbered third-quarter sales gains in protective, industrial, automotive and aerospace coatings at AkzoNobel, driving down overall revenues 5 percent, the com...


PPG Rockets and Rolls in 3rd Quarter

PPG Industries’ aerospace and automotive OEM coatings businesses took a bow Thursday (Oct. 17) as the company reported a 17 percent spike in net sales and record adjusted earnings in its thi...


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.


Sherwin-Williams Gets Comex U.S. Unit

While the lion's share of the deal remains on hold, Sherwin-Williams has completed acquisition of the North American paint business of Consorcio Comex, S.A. de C.V., the companies announced ...


Huntsman Makes Major Play for TiO2

Setting its sights on becoming the No. 2 global producer of titanium dioxide pigments, Huntsman Corp. has announced a $1.1 billion cash acquisition of certain business units of Rockwood Hold...


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...


Altana Buys Henkel Coatings Unit

Global specialty chemicals group ALTANA is pushing deeper into the North American coatings market with the acquisition of Henkel's $15 million specialty coatings business.


Akzo to Shed Building Unit for $348M

AkzoNobel’s global corporate diet continues, as the company has announced the sell-off of its Building Adhesives business to Swiss construction products giant Sika AG.


Valspar Says ‘Ciao, Europa’

U.S.-based Valspar Corp. is now a player in the European industrial coatings market, with its newly completed acquisition of an Italian company.


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...


Sherwin-Williams Sees Q2 Profit Gain

The Sherwin-Williams Company reported a 13 percent profit increase for the second quarter, but also announced a snag in its planned $2.34 billion acquisition of Comex Group.


PPG’s Q2 Records Sales, Income Gains

In a record second quarter, PPG Industries announced double-digit percentage sales gains for both industrial and performance coatings segments, boosting the paint and coatings company from a...


XIM Line to Fatten Rust-Oleum Portfolio

Rust-Oleum Corp. is expanding its family of specialty primers and coatings with the acquisition of XIM Products Inc., founded generations ago as a manufacturer of bonding primers and sealers...


Global Polymers Acquires Perlastic

Global Polymer Solutions has announced the acquisition of the global rights to Perlastic industrial protective coatings products.


PPG’s Polish Plant Starts Production

PPG Industries recently announced it started manufacturing protective and marine coatings at its facility in Ostrów Wielkopolski, Poland.


Valspar Makes European Industrial Push

The $6 billion European industrial coatings market is getting a new player from across the pond.


Cytec Coatings Unit Gains New Identity

Two months after becoming an independent company, Cytec Industries’ old coating resins business officially has a new name: Allnex.


PPG Lands Aerospace Coating Unit

PPG Industries Inc. has spread its wings in the aerospace sector, completing the acquisition of California specialty coatings maker Deft Inc.


Bayer MS to Sell Off Resins Units

Bayer MaterialScience has announced plans to sell its global powder polyester resins business and its U.S.-based liquid polyester resins merchant business to Stepan Company.


Chilled Safety Culture Draws NRC Fines

A “chilled work environment” prevented nuclear facility employees from raising safety concerns—a serious safety shortcoming that has prompted fines against Chicago Bridge & Iron for its rece...


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.


Castolin Acquires Monitor Coatings

Veteran European protective coatings maker Castolin Eutectic has acquired the Monitor Coatings Group, a UK-based provider of coatings for surface engineering in harsh environments.


PPG Expands Aerospace in Deft Deal

Looking to broaden its aerospace coatings portfolio, PPG Industries has acquired specialty coatings manufacturer Deft Inc.


Cytec Sells Off Coatings Resins Unit

Cytec’s longtime coating resins business is now an independent company, yet to be named, after being sold to a global private equity firm.


PPG Fills AkzoNobel’s N. American Shoes

PPG Industries Inc. has taken the second-biggest step in its 130-year history with the $1.05 billion acquisition of AkzoNobel’s North American decorative paints business.


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.


Sherwin-Williams Absorbs Leighs Name

After 153 years, Leighs Paints is no more. The U.S.-based Sherwin-Williams Company, which bought the long-independent UK coatings producer in 2011, has announced that it has officially folde...


Shakeups Continue at AkzoNobel

For the third time in 10 months, AkzoNobel has announced a major change at the top, this time appointing a new overseer for its struggling global Decorative Paints business.


Spencer Coatings Flexes New Dominance

Spencer Coatings Ltd. has become the largest independent and British-owned industrial coatings manufacturer in the UK with its recent acquisition of Stokes Paints, the company says.


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.


DuPont Coatings Reborn as Axalta

The founding father of the automotive paint business is being laid to rest.


Trimite Coatings Keeps Brands in Family

Fending off “intense international competition” for its veteran paint and coating trademarks and brand names, Trimite Global Coatings has acquired all assets of the bankrupt Trimite Ltd. bus...


Safway Buys Swing Staging Companies

Already one of North America's largest providers of access services and equipment, Safway Group has now acquired Swing Staging Inc. and four related companies.


Carboline Parent Notches Strong Q2

Protective coatings giant RPM International Inc. reported strong sales and earnings in its second quarter, but remained weighed down by continuing charges that dampened its first quarter.


Sherwin-Williams Joins China’s Car Boom

Sherwin-Williams has waded deeper into China’s vast automotive market with the acquisition of Changzhou (Jiangsu) Pulanna Coating Co. Ltd., a leading maker of automotive coatings for the Chi...


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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