July 2, 2021

Asian MDI Update

http://www.pudaily.com/News/NewsView.aspx?nid=92753

July 1, 2021

Olin Business Model Changes

Olin Enters into Agreement with ASHTA to Purchase and Sell Chlorine

Jul. 01, 2021 4:10 PM ETPR NewswireOlin Corporation (OLN)

CLAYTON, Mo., July 1, 2021 /PRNewswire/ — Olin Corporation (OLN) announced today it has entered into an agreement with ASHTA Chemicals, Inc. to purchase and sell the chlorine produced at ASHTA’s Ashtabula, OH facility. Existing contracts will be honored for chlorine customers of both companies.

“This agreement provides the opportunity to optimize logistics across the Olin and ASHTA portfolio, reducing the number of miles chlorine travels to get to customers and overall transportation costs while increasing the security and flexibility of supply within the growing Olin network. Olin has unmatched expertise in the safe and efficient delivery of chlorine,” said Damian Gumpel, Vice President and President, Chlor Alkali Products & Vinyls.

“We are excited to work with Olin as this agreement allows each company to focus on its strengths, which for ASHTA is the production of potassium hydroxide (KOH) for our growing customer base,” said Brad Westfall, President and CEO of ASHTA.

ASHTA Chemicals, Inc. is a leading manufacturer of potassium hydroxide (KOH) with headquarters and production facilities in Ashtabula, Ohio.

https://seekingalpha.com/pr/18380824-olin-enters-agreement-ashta-to-purchase-and-sell-chlorine

July 1, 2021

Olin Business Model Changes

Olin Enters into Agreement with ASHTA to Purchase and Sell Chlorine

Jul. 01, 2021 4:10 PM ETPR NewswireOlin Corporation (OLN)

CLAYTON, Mo., July 1, 2021 /PRNewswire/ — Olin Corporation (OLN) announced today it has entered into an agreement with ASHTA Chemicals, Inc. to purchase and sell the chlorine produced at ASHTA’s Ashtabula, OH facility. Existing contracts will be honored for chlorine customers of both companies.

“This agreement provides the opportunity to optimize logistics across the Olin and ASHTA portfolio, reducing the number of miles chlorine travels to get to customers and overall transportation costs while increasing the security and flexibility of supply within the growing Olin network. Olin has unmatched expertise in the safe and efficient delivery of chlorine,” said Damian Gumpel, Vice President and President, Chlor Alkali Products & Vinyls.

“We are excited to work with Olin as this agreement allows each company to focus on its strengths, which for ASHTA is the production of potassium hydroxide (KOH) for our growing customer base,” said Brad Westfall, President and CEO of ASHTA.

ASHTA Chemicals, Inc. is a leading manufacturer of potassium hydroxide (KOH) with headquarters and production facilities in Ashtabula, Ohio.

https://seekingalpha.com/pr/18380824-olin-enters-agreement-ashta-to-purchase-and-sell-chlorine

June 28, 2021

RPM Acquires Dudick

Stocks

RPM Acquires Dudick, Fortifies Performance Coatings Group

Contributor Zacks Equity Research Zacks Published Jun 8, 2021 10:35AM EDT

RPM International Inc.’s RPM subsidiary — Carboline — has acquired Dudick Inc., a high-performance coating, flooring systems and tank linings provider. However, the terms of the transaction have been kept under wraps.

This buyout of Dudick will enable Carboline to fortify its position in the secondary containment linings market with a well-recognized product. This deal will also expand its footprint worldwide.

Dudick, with annual revenues of $10 million, makes high-performance linings and secondary containment coatings. It provides solutions for corrosion resistance and chemical containment systems across a wide range of applications comprising food processing, steel production, chemical processing, pulp and paper, electronics, power as well as biological research labs.

Frank C. Sullivan, RPM chairman and CEO said, “Dudick will be a natural fit in our Performance Coatings Group, bringing with them a strong reputation for high-quality products and excellent service built under the leadership of Tom Dudick.”

Acquisitions to Drive Growth

Acquisitions have been an important part of RPM’s growth strategy.  The company increased cash usage for investment activities by $53.8 million to $217.9 million in third-quarter fiscal 2021 from $164.1 million in the prior-year period. This upside was largely attributable to the significant acquisitions made by RPM during the first nine months of fiscal 2021. Notably, the company completed two acquisitions in March, shifting its focus on driving the top line.

The company made three buyouts in fiscal 2020, five in fiscal 2019 and seven in fiscal 2018. Acquisitions added 1.1% to net sales in fiscal 2020 and 1.4% in fiscal 2019. For the first nine months of fiscal 2021, acquisitions contributed 1.6% to sales.

https://www.nasdaq.com/articles/rpm-acquires-dudick-fortifies-performance-coatings-group-2021-06-08

June 28, 2021

RPM Acquires Dudick

Stocks

RPM Acquires Dudick, Fortifies Performance Coatings Group

Contributor Zacks Equity Research Zacks Published Jun 8, 2021 10:35AM EDT

RPM International Inc.’s RPM subsidiary — Carboline — has acquired Dudick Inc., a high-performance coating, flooring systems and tank linings provider. However, the terms of the transaction have been kept under wraps.

This buyout of Dudick will enable Carboline to fortify its position in the secondary containment linings market with a well-recognized product. This deal will also expand its footprint worldwide.

Dudick, with annual revenues of $10 million, makes high-performance linings and secondary containment coatings. It provides solutions for corrosion resistance and chemical containment systems across a wide range of applications comprising food processing, steel production, chemical processing, pulp and paper, electronics, power as well as biological research labs.

Frank C. Sullivan, RPM chairman and CEO said, “Dudick will be a natural fit in our Performance Coatings Group, bringing with them a strong reputation for high-quality products and excellent service built under the leadership of Tom Dudick.”

Acquisitions to Drive Growth

Acquisitions have been an important part of RPM’s growth strategy.  The company increased cash usage for investment activities by $53.8 million to $217.9 million in third-quarter fiscal 2021 from $164.1 million in the prior-year period. This upside was largely attributable to the significant acquisitions made by RPM during the first nine months of fiscal 2021. Notably, the company completed two acquisitions in March, shifting its focus on driving the top line.

The company made three buyouts in fiscal 2020, five in fiscal 2019 and seven in fiscal 2018. Acquisitions added 1.1% to net sales in fiscal 2020 and 1.4% in fiscal 2019. For the first nine months of fiscal 2021, acquisitions contributed 1.6% to sales.

https://www.nasdaq.com/articles/rpm-acquires-dudick-fortifies-performance-coatings-group-2021-06-08