Epoxy
December 17, 2020
Propylene Rises 10c/lb in December
Chemical grade propylene is now $0.47/lb
December 17, 2020
Propylene Rises 10c/lb in December
Chemical grade propylene is now $0.47/lb
December 16, 2020
Lanxess Eyeing Kalama
Lanxess Said to Join Race for $1 Billion Emerald Kalama Chemical
By Kiel Porter , Andrew Marc Noel , and Aaron Kirchfeld December 15, 2020, 11:26 AM EST
- HIG, Rhone, TPG also interested in specialty chemicals firm
- American Securities running auction process for Emerald Kalama
Lanxess AG is among suitors interested in making a bid for private equity-backed Emerald Kalama Chemical, which could sell for around $1 billion, according to people familiar with the matter.
The Cologne, Germany-based chemicals group is working with an adviser on a possible offer for the specialty chemicals company, which is being sold by American Securities, the people said. Emerald Kalama has also attracted interest from buyout firms HIG Capital, Rhone Capital and TPG, the people said, asking not to be identified discussing confidential information.
Representatives for American Securities, Lanxess, Rhone and TPG declined to comment. Representatives for HIG and Emerald Kalama didn’t immediately respond to requests for comment.
A sale of Emerald Kalama, which makes ingredients and preservatives used in foods and cosmetics, would mark American Securities’ exit from Emerald Performance Materials, a diversified group it bought in 2014 and has broken up. Dystar Global Holdings purchased Emerald’s polymer additives unit in 2016, while Huntsman Corp. bought the resin-ingredients business earlier this year.
Under Chief Executive Officer Matthias Zachert, Lanxess is on the hunt for acquisitions. The company has as much as 2 billion euros ($2.4 billion) to pursue dealmaking, Zachert said on an earnings call in November. Emerald Kalama would fit the CEO’s appetite for a higher-margin specialty chemicals asset. The specialty ingredients business being sold by Switzerland’s Lonza Group AG has also attracted interest from Lanxess, Bloomberg News reported last week.
December 16, 2020
Lanxess Eyeing Kalama
Lanxess Said to Join Race for $1 Billion Emerald Kalama Chemical
By Kiel Porter , Andrew Marc Noel , and Aaron Kirchfeld December 15, 2020, 11:26 AM EST
- HIG, Rhone, TPG also interested in specialty chemicals firm
- American Securities running auction process for Emerald Kalama
Lanxess AG is among suitors interested in making a bid for private equity-backed Emerald Kalama Chemical, which could sell for around $1 billion, according to people familiar with the matter.
The Cologne, Germany-based chemicals group is working with an adviser on a possible offer for the specialty chemicals company, which is being sold by American Securities, the people said. Emerald Kalama has also attracted interest from buyout firms HIG Capital, Rhone Capital and TPG, the people said, asking not to be identified discussing confidential information.
Representatives for American Securities, Lanxess, Rhone and TPG declined to comment. Representatives for HIG and Emerald Kalama didn’t immediately respond to requests for comment.
A sale of Emerald Kalama, which makes ingredients and preservatives used in foods and cosmetics, would mark American Securities’ exit from Emerald Performance Materials, a diversified group it bought in 2014 and has broken up. Dystar Global Holdings purchased Emerald’s polymer additives unit in 2016, while Huntsman Corp. bought the resin-ingredients business earlier this year.
Under Chief Executive Officer Matthias Zachert, Lanxess is on the hunt for acquisitions. The company has as much as 2 billion euros ($2.4 billion) to pursue dealmaking, Zachert said on an earnings call in November. Emerald Kalama would fit the CEO’s appetite for a higher-margin specialty chemicals asset. The specialty ingredients business being sold by Switzerland’s Lonza Group AG has also attracted interest from Lanxess, Bloomberg News reported last week.
December 14, 2020
BASF Increases Polyetheramine Prices
BASF to increase prices for select polyetheramines in U.S. and Canada
FLORHAM PARK, NJ, December 9, 2020 – Effective January 1, 2021 or as existing contracts permit, BASF will increase its prices in the United States and Canada for select polyetheramine products.
Product Price Increase
Polyetheramine D230M $0.09/lb.
Baxxodur® EC 301 $0.09/lb.
Polyetheramine D2000 $0.09/lb.
Baxxodur® EC 303 $0.09/lb.
BASF’s polyetheramine products are featured in many applications as highly efficient curing agents and used in various segments including coatings and sealing compounds, for use in wind energy and electrical industries, as well as in composites, adhesives and flooring. Baxxodur® is a registered trademark of BASF.
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