Epoxy
February 9, 2021
Bain to Buy Lonza Anti-Microbials Unit
Bain Capital, Cinven buy Lonza unit in $4.67B deal
Published: Feb. 9, 2021 at 2:18 a.m. ET By
Pietro Lombardi
Private equity firms Bain Capital LLC and Cinven Group Ltd. have reached an agreement with Lonza Group AG to buy the Swiss life-sciences company’s specialty ingredients business for an enterprise value of 4.2 billion Swiss francs ($4.67 billion).
The unit, which has 17 manufacturing sites across the world and roughly 2,800 permanent employees, is specialized in microbial control solutions for products in the professional-hygiene and personal-care markets, as well as chemicals used in electronics, aerospace and other industries, the seller said late Monday.
“The sale of the Specialty Ingredients business will allow Lonza to focus on its position as a leading partner to the healthcare industry, and the free cash flows resulting from the sale will allow us to accelerate our strategic priorities,” Lonza Chairman Albert Baehny said.
The deal should be completed in the second part of the year.
https://www.marketwatch.com/story/bain-capital-cinven-buy-lonza-unit-in-467b-deal-2021-02-09
February 9, 2021
Eastern Coatings Show Rescheduled
Eastern Coatings Show Rescheduled to November 2021
Cumberland, RI (February 2021) — The Eastern Coatings Federation today announced the Eastern Coatings Show (ECS) has been rescheduled to November 17-19, 2021 at Harrah’s Resort in Atlantic City. With the well-being of attendees, sponsors, and staff as the number one priority, the conference is being postponed until November 2021 to provide additional time for mass distribution of the vaccine.
“The safety of our exhibitors and attendees is paramount. Rescheduling to November allows a
longer period for vaccine distribution and an opportunity for our customers to travel
and conduct business in a safe environment” said ECS President Chris Mangano, Aegis Polymers
& Additives, LLC. “We want to thank all our members, sponsors and partners for the
continued support for a successful Eastern Coatings Show 2021”.
The Eastern Coatings Show is committed to the health and safety of all attendees and will work closely with the facility to ensure a safe and sanitary environment for the conference. Harrah’s Resort is in strict compliance with stringent health and safety protocols. The exhibit space and meeting facilities are among the best in the area and a great fit for the gathering of industry leaders, technical experts, innovators, producers, distributors, and other key figures in the industry.
The ESC is the largest regional coatings show in America. For more information on ECS, please visit www.easterncoatingsshow.com.
The Eastern Coatings Federation board members express their heartfelt best wishes to all members of the coatings industry as they persevere through this coronavirus pandemic.
About the Eastern Coatings Federation
The Eastern Coatings Federation, Inc. is a corporation founded by the Metropolitan New York Coatings Association (MNYCA), the Philadelphia Society of Coatings Technology (PSCT) and the New England Society of Coatings Technology (NESCT) to serve the coatings industry on a broader national basis exceeding their regional orientations. The Metropolitan New York Coatings Association serves coatings and allied industries in the New York Metropolitan area. Their website is www.mnyca.org. The Philadelphia Society of Coatings Technology serves the coatings and allied industries in the metropolitan Philadelphia area. Their website is www.psct.org. The New England Society of Coatings Technology serves the coatings industry in the New England states. Their website is www.nesct.org.
For more information about the Eastern Coating Show, please visit www.easterncoatingsshow.com .
February 9, 2021
Eastern Coatings Show Rescheduled
Eastern Coatings Show Rescheduled to November 2021
Cumberland, RI (February 2021) — The Eastern Coatings Federation today announced the Eastern Coatings Show (ECS) has been rescheduled to November 17-19, 2021 at Harrah’s Resort in Atlantic City. With the well-being of attendees, sponsors, and staff as the number one priority, the conference is being postponed until November 2021 to provide additional time for mass distribution of the vaccine.
“The safety of our exhibitors and attendees is paramount. Rescheduling to November allows a
longer period for vaccine distribution and an opportunity for our customers to travel
and conduct business in a safe environment” said ECS President Chris Mangano, Aegis Polymers
& Additives, LLC. “We want to thank all our members, sponsors and partners for the
continued support for a successful Eastern Coatings Show 2021”.
The Eastern Coatings Show is committed to the health and safety of all attendees and will work closely with the facility to ensure a safe and sanitary environment for the conference. Harrah’s Resort is in strict compliance with stringent health and safety protocols. The exhibit space and meeting facilities are among the best in the area and a great fit for the gathering of industry leaders, technical experts, innovators, producers, distributors, and other key figures in the industry.
The ESC is the largest regional coatings show in America. For more information on ECS, please visit www.easterncoatingsshow.com.
The Eastern Coatings Federation board members express their heartfelt best wishes to all members of the coatings industry as they persevere through this coronavirus pandemic.
About the Eastern Coatings Federation
The Eastern Coatings Federation, Inc. is a corporation founded by the Metropolitan New York Coatings Association (MNYCA), the Philadelphia Society of Coatings Technology (PSCT) and the New England Society of Coatings Technology (NESCT) to serve the coatings industry on a broader national basis exceeding their regional orientations. The Metropolitan New York Coatings Association serves coatings and allied industries in the New York Metropolitan area. Their website is www.mnyca.org. The Philadelphia Society of Coatings Technology serves the coatings and allied industries in the metropolitan Philadelphia area. Their website is www.psct.org. The New England Society of Coatings Technology serves the coatings industry in the New England states. Their website is www.nesct.org.
For more information about the Eastern Coating Show, please visit www.easterncoatingsshow.com .
February 8, 2021
Polytek Acquires Endurance Technologies
Arsenal’s Polytek Acquires Endurance Technologies Easton, PA & South St. Paul, MN – February 3, 2021 –
Polytek® Development Corp. (“Polytek”), a manufacturer of specialty polymers for mold making, casting, and coating applications, announced today the acquisition of Endurance Technologies. Polytek is a portfolio company of Arsenal Capital Partners.
Based in South St. Paul, Minnesota, Endurance Technologies has decades of formulation and manufacturing experience with a strong focus on polyurethane and epoxy systems. Their brands are well-known throughout industrial and consumer sectors, with formulations for coating, laminating, bonding, casting and molding. Endurance Technologies’ industrial brand, Custom Polymer Designs, is a trusted name in marine, aerospace, construction, and recreational composites, while their consumer brands, including MAS Epoxies, are popular in do-it-yourself, art, and craft communities.
Doug Lorenz, CEO of Polytek, commented “Endurance Technologies has a proven track record of success and market growth built on superior product quality, custom solutions, and hands-on technical support. The companies share similar objectives and values and together we’re really looking forward to showing our customers the benefit of this collaboration.”
The addition of Endurance Technologies further expands Polytek’s manufacturing locations and capabilities and elevates their technical proficiency with the integration of seasoned research and development teams. This collaboration will provide Polytek and Endurance Technologies customers with a broader product portfolio, increased technical support and customer service, and product accessibility. David Hoeffel, owner of Endurance Technologies added, “Polytek is a great fit for the next chapter of our business. Our team is excited to join forces and work on initiatives that will expand product options and support services for our customers.” The two companies will continue to do business under their existing names, and Hoeffel will remain in an active role within the Endurance Technologies brand as well as support broader initiatives within the Polytek organization.
Genesis Capital, LLC acted as the financial advisor to Polytek.
February 8, 2021
Polytek Acquires Endurance Technologies
Arsenal’s Polytek Acquires Endurance Technologies Easton, PA & South St. Paul, MN – February 3, 2021 –
Polytek® Development Corp. (“Polytek”), a manufacturer of specialty polymers for mold making, casting, and coating applications, announced today the acquisition of Endurance Technologies. Polytek is a portfolio company of Arsenal Capital Partners.
Based in South St. Paul, Minnesota, Endurance Technologies has decades of formulation and manufacturing experience with a strong focus on polyurethane and epoxy systems. Their brands are well-known throughout industrial and consumer sectors, with formulations for coating, laminating, bonding, casting and molding. Endurance Technologies’ industrial brand, Custom Polymer Designs, is a trusted name in marine, aerospace, construction, and recreational composites, while their consumer brands, including MAS Epoxies, are popular in do-it-yourself, art, and craft communities.
Doug Lorenz, CEO of Polytek, commented “Endurance Technologies has a proven track record of success and market growth built on superior product quality, custom solutions, and hands-on technical support. The companies share similar objectives and values and together we’re really looking forward to showing our customers the benefit of this collaboration.”
The addition of Endurance Technologies further expands Polytek’s manufacturing locations and capabilities and elevates their technical proficiency with the integration of seasoned research and development teams. This collaboration will provide Polytek and Endurance Technologies customers with a broader product portfolio, increased technical support and customer service, and product accessibility. David Hoeffel, owner of Endurance Technologies added, “Polytek is a great fit for the next chapter of our business. Our team is excited to join forces and work on initiatives that will expand product options and support services for our customers.” The two companies will continue to do business under their existing names, and Hoeffel will remain in an active role within the Endurance Technologies brand as well as support broader initiatives within the Polytek organization.
Genesis Capital, LLC acted as the financial advisor to Polytek.
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