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30.01.2012
31.08.2011
Volume growth, particularly in the developed markets including the U.S. and Western Europe, has been more subdued. Overall, it is anticipated that the sector will continue to gain momentum with a compound annual growth rate (CAGR) of 7.9 % over the near- term. more24.08.2011
Valeant Withdraws Its Bid For ISTA Pharmaceuticals
Valeant Pharmaceuticals International said on Monday it has withdrawn its sweetened takeover bid for ISTA Pharmaceuticals, citing a lack of progress. "We were not interested in participating in a lengthy evaluation process and we are disappointed that the ISTA team was not willing to fully explore our proposal by January 31," said Valeant Chief Executive Michael Pearson in a statement. more27.01.2012Eastman Chemical Buys Solutia for $3.38 Billion
Eastman Chemical said it would buy specialty chemical maker Solutia for about $3.38 billion in cash and stock to expand in Asia Pacific. Solutia stockholders would receive $22 in cash and 0.12 shares of Eastman for each share held. The per-share value of $27.65 is a 42% premium to Solutia's Thursday close of $19.51 on the New York Stock Exchange. more24.01.2012Illinois Tool Works Acquires AppliChem
Illinois Tool Works (ITW) has acquired AppliChem, a German based chemical company with particular focus on fine chemicals and biochemical products for laboratory, pharmaceutical, cosmetic and food industries. Founded in 1992 and lead by Dr. Frasch and Dr. Oeler, AppliChem has its production facility in Darmstadt, Germany, with some 130 employees. The company exports 50% of its products to 70 countries all over the world. more09.01.2012Sinofert Buys China Phosphate Mining Firm for $219 Million
Chinese fertilizer producer Sinofert Holdings said on Monday that it will buy a phosphate mining company for 1.38 billion yuan ($218.72 million), looking to tap abundant phosphate reserves and develop its phosphorus chemical business in southwest China. Sinofert said it would buy the entire equity interest in Xundian Lomon Phosphorus Chemical, which owns phosphate mines in Yunnan province, in a deal funded by internal resources and bank loans. more03.01.2012Fortune Oil Declines $2.2 Billion Sinopec/ENN Bid
Fortune Oil, a key shareholder in takeover target China Gas Holdings, will not accept the unsolicited $2.2 billion bid from Sinopec and ENN Energy Holdings, a top executive at Fortune told Reuters. "We will not sell the stock," Fortune Oil Chief Financial Officer Bill Mok said when asked whether Fortune would consider accepting the HK$3.50 per share bid from China Petroleum & Chemical Corp (Sinopec) and ENN. more23.11.2011Mexichem Makes Offer For Dutch Pipe Firm Wavin
Dutch pipe company Wavin said on Tuesday it had received a takeover offer from Mexico-based Mexichem, which also makes plastic pipe systems, sending its shares up more than 60%. Wavin, which had a stock market capitalization of about €200 million at Monday's close, did not provide any financial details but said it would consider the indicative non-binding proposal. more10.11.2011Lanxess Acquires U.S. Biocide Specialist Verichem
Lanxess has acquied Verichem, a Pittsburgh, Pennsylvania, based biocide maker. The German specialty chemicals company said the purchase will significantly bolster its position in the U.S. material protection market and broaden its global biocide manufacturing network. Both parties have agreed not to disclose financial details. more10.10.2011Praxair Buys Houston-Based Gas Distributor
Praxair's subsidiary Praxair Distribution has acquired National Alloy and Equipment, Inc. of Houston, Texas, an independent distributor of industrial and specialty gases and ancillary welding equipment, supplies and services. Financial terms of the deal were not disclosed. moreDeloitte’s Global Chemical Midyear Outlook
Shaping The Industry - The global chemicals sector was once again on solid ground as the first half of 2011 wrapped up. Revenue has been stronger due to higher prices, a result of chemical companies passing on the higher cost of raw materials, as well as increased growth rates in developing markets.Volume growth, particularly in the developed markets including the U.S. and Western Europe, has been more subdued. Overall, it is anticipated that the sector will continue to gain momentum with a compound annual growth rate (CAGR) of 7.9 % over the near- term. more24.08.2011
Ashland Closes ISP Acquisition For $3.2 Billion
Specialty chemicals company Ashland has completed its acquisition of International Specialty Products or ISP, a privately owned specialty chemical manufacturer, for about $3.2 billion in cash. more- Legal
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