Company News
May 19, 2021
Dow Announces Polyol Increases
May 18, 2021
Polyol PRICE INCREASE
Effective June 1, 2021, or as contracts allow, The Dow Chemical Company, on behalf of
itself and its applicable consolidated subsidiaries (“Dow”), will increase list and off-list
prices by the amounts listed below on all grades and package types of the following
Polyol products in North America:
VORANOL US $0.10 / lb
VORALUX US $0.10 / lb
SPECFLEX US $0.10 / lb
Thank you for your continued business with Dow. Please contact your Account
Manager if you have any questions related to this communication.
May 19, 2021
Stepan Announces Increase on Rigid Polyester Polyols
May 14, 2021
Dear Valued Customer:
Effective July 1, 2021, or as contracts allow, Stepan will increase the price for STEPANPOL® and
TERATE® Rigid Polyester Polyols used in the Americas by $0.12 per pound. This increase is
necessary due to the continued rapid rise in raw material and transportation costs.
Due to the magnitude of cost increases in flame retardants, all STEPANPOL® and TERATE®
products containing flame retardant will increase by an additional $.03 per pound for a total of $.15
per pound.
We appreciate your support and value your continued business. Your Stepan sales representative
will be in contact with you to address any questions or concerns.
May 19, 2021
Stepan Announces Increase on Rigid Polyester Polyols
May 14, 2021
Dear Valued Customer:
Effective July 1, 2021, or as contracts allow, Stepan will increase the price for STEPANPOL® and
TERATE® Rigid Polyester Polyols used in the Americas by $0.12 per pound. This increase is
necessary due to the continued rapid rise in raw material and transportation costs.
Due to the magnitude of cost increases in flame retardants, all STEPANPOL® and TERATE®
products containing flame retardant will increase by an additional $.03 per pound for a total of $.15
per pound.
We appreciate your support and value your continued business. Your Stepan sales representative
will be in contact with you to address any questions or concerns.
May 19, 2021
Greiner in Bid for Recticel
Greiner Plans Recticel Bid Valuing Firm at $915 Million
By Aaron Kirchfeld May 14, 2021, 8:37 AM EDT Corrected May 14, 2021, 3:59 PM EDT
Greiner AG, an Austrian plastics maker, is preparing a takeover offer for Recticel SA valuing the Belgian foam company at about 754 million euros ($915 million), a person with knowledge of the matter said.
Greiner is buying Cie. du Bois Sauvage SA’s 27% stake in the company for 13.50 euros per share and plans to offer the same price to other investors, according to the person, who asked not to be identified because the information is private. The Austrian firm is seeking a majority stake in Recticel and aims to keep its listing on the Euronext Brussels exchange, the person said.
It’s seeking to gain acceptances from shareholders holding at least 50% of the company’s voting rights plus one share, according to the person.
Recticel shares have risen 41% in Brussels trading this year, giving the company a market value of 844 million euros. The planned offer represents a 10.7% discount to Recticel’s closing price of 15.12 euros on Thursday, when the shares rallied 14%.
Cie. du Bois Sauvage and Recticel were both halted from trading on Friday, pending statements. Representatives for Greiner, Cie. du Bois Sauvage and Recticel didn’t immediately respond to requests for comment.
Recticel makes foams for everything from construction to bedding and automotive. The company has received takeover interest before. In 2019, the Belgian company rejected an offer from Irish insulation maker Kingspan Group Plc for just two of its units. At the time, it signaled it would be open to considering an offer for the whole company.
Greiner and Recticel have been working together for decades. They formed a joint venture in 1992 called Eurofoam, which makes flexible foams. The Austrian company agreed to buy out the venture last year.
Recticel agreed in March to acquire the thermal PIR insulation board business of Poland’s Gor-Stal Sp. z o.o for 30 million euros including debt. Later that month, it completed its purchase of Conzzeta AG’s FoamPartner unit for an enterprise value of 270 million Swiss francs ($300 million).
May 19, 2021
Greiner in Bid for Recticel
Greiner Plans Recticel Bid Valuing Firm at $915 Million
By Aaron Kirchfeld May 14, 2021, 8:37 AM EDT Corrected May 14, 2021, 3:59 PM EDT
Greiner AG, an Austrian plastics maker, is preparing a takeover offer for Recticel SA valuing the Belgian foam company at about 754 million euros ($915 million), a person with knowledge of the matter said.
Greiner is buying Cie. du Bois Sauvage SA’s 27% stake in the company for 13.50 euros per share and plans to offer the same price to other investors, according to the person, who asked not to be identified because the information is private. The Austrian firm is seeking a majority stake in Recticel and aims to keep its listing on the Euronext Brussels exchange, the person said.
It’s seeking to gain acceptances from shareholders holding at least 50% of the company’s voting rights plus one share, according to the person.
Recticel shares have risen 41% in Brussels trading this year, giving the company a market value of 844 million euros. The planned offer represents a 10.7% discount to Recticel’s closing price of 15.12 euros on Thursday, when the shares rallied 14%.
Cie. du Bois Sauvage and Recticel were both halted from trading on Friday, pending statements. Representatives for Greiner, Cie. du Bois Sauvage and Recticel didn’t immediately respond to requests for comment.
Recticel makes foams for everything from construction to bedding and automotive. The company has received takeover interest before. In 2019, the Belgian company rejected an offer from Irish insulation maker Kingspan Group Plc for just two of its units. At the time, it signaled it would be open to considering an offer for the whole company.
Greiner and Recticel have been working together for decades. They formed a joint venture in 1992 called Eurofoam, which makes flexible foams. The Austrian company agreed to buy out the venture last year.
Recticel agreed in March to acquire the thermal PIR insulation board business of Poland’s Gor-Stal Sp. z o.o for 30 million euros including debt. Later that month, it completed its purchase of Conzzeta AG’s FoamPartner unit for an enterprise value of 270 million Swiss francs ($300 million).
Everchem Updates Archive 
Sign Up for Email Updates