Epoxy
February 17, 2022
IMCD continues steady growth in LATAM with the acquisition of Quelaris
ROTTERDAM, The Netherlands (17 February 2022) – IMCD N.V. (“IMCD” or “Company”), a leading distributor of speciality chemicals and ingredients, today announces that it has signed an agreement to acquire 100% of the business and the subsidiaries of Quelaris Internacional S.A. (“Quelaris”), a LATAM regional raw material distributor with offices in Colombia, Costa Rica and Peru.
“Following IMCD’s acquisition of Andes Chemical Corp. nine months ago, the Quelaris acquisition further enhances IMCD’s presence and offering in North LATAM,” said Marcus Jordan, Americas President, IMCD. “The addition of Quelaris further reinforces our approach of creating growth opportunities for our supply and customer partners, and we are delighted to embark on this new adventure with the Quelaris team.”
“IMCD and Quelaris have harmonized business philosophies towards customer, supplier and employee relations,” said Paul Vanhauw, CEO, Quelaris. “This quickly built trust between our companies and by joining together, we significantly strengthen our ability to serve our respective industry partners. We are ready to take on new challenges and to become an instrumental part of IMCD’s winning team.”
The closing of the transaction is expected to take place in March 2022.
About IMCD N.V.
IMCD is a market-leader in the sales, marketing, and distribution of specialty chemicals and ingredients. Its result-driven professionals provide market-focused solutions to suppliers and customers across EMEA, Americas and Asia-Pacific, offering a range of comprehensive product portfolios, including innovative formulations that embrace industry trends.
Listed at Euronext, Amsterdam (IMCD), IMCD realised revenues of EUR 2,775 million in 2020 with nearly 3,300 employees in over 50 countries on 6 continents. IMCD’s dedicated team of technical and commercial experts work in close partnership to tailor best-in-class solutions and provide value through expertise for around 50,000 customers and a diverse range of world class suppliers.
For further information, please visit www.imcdgroup.com.
About Quelaris Internacional S.A.
Established in 1993, by Eng. Jean Van Hauw, Quelaris focuses on service toward customers, suppliers and especially its employees, whose shared values have made possible the company’s success. Quelaris’ motto “enabling the growth of the industry” reflects the commitment it brings to Latin America by offering the best suppliers with the most complete and up-to-date product portfolio, under long-lasting reliable, technical and customer friendly relationship for a thriving and sustainable local industry. Toward its international suppliers, Quelaris, through aligning interests, has been able to become commercially efficient and a reliable channel ensuring long-term relationship and mutual regional success.
Learn more about Quelaris by visiting www.quelaris.com/us/.
February 17, 2022
IMCD continues steady growth in LATAM with the acquisition of Quelaris
ROTTERDAM, The Netherlands (17 February 2022) – IMCD N.V. (“IMCD” or “Company”), a leading distributor of speciality chemicals and ingredients, today announces that it has signed an agreement to acquire 100% of the business and the subsidiaries of Quelaris Internacional S.A. (“Quelaris”), a LATAM regional raw material distributor with offices in Colombia, Costa Rica and Peru.
“Following IMCD’s acquisition of Andes Chemical Corp. nine months ago, the Quelaris acquisition further enhances IMCD’s presence and offering in North LATAM,” said Marcus Jordan, Americas President, IMCD. “The addition of Quelaris further reinforces our approach of creating growth opportunities for our supply and customer partners, and we are delighted to embark on this new adventure with the Quelaris team.”
“IMCD and Quelaris have harmonized business philosophies towards customer, supplier and employee relations,” said Paul Vanhauw, CEO, Quelaris. “This quickly built trust between our companies and by joining together, we significantly strengthen our ability to serve our respective industry partners. We are ready to take on new challenges and to become an instrumental part of IMCD’s winning team.”
The closing of the transaction is expected to take place in March 2022.
About IMCD N.V.
IMCD is a market-leader in the sales, marketing, and distribution of specialty chemicals and ingredients. Its result-driven professionals provide market-focused solutions to suppliers and customers across EMEA, Americas and Asia-Pacific, offering a range of comprehensive product portfolios, including innovative formulations that embrace industry trends.
Listed at Euronext, Amsterdam (IMCD), IMCD realised revenues of EUR 2,775 million in 2020 with nearly 3,300 employees in over 50 countries on 6 continents. IMCD’s dedicated team of technical and commercial experts work in close partnership to tailor best-in-class solutions and provide value through expertise for around 50,000 customers and a diverse range of world class suppliers.
For further information, please visit www.imcdgroup.com.
About Quelaris Internacional S.A.
Established in 1993, by Eng. Jean Van Hauw, Quelaris focuses on service toward customers, suppliers and especially its employees, whose shared values have made possible the company’s success. Quelaris’ motto “enabling the growth of the industry” reflects the commitment it brings to Latin America by offering the best suppliers with the most complete and up-to-date product portfolio, under long-lasting reliable, technical and customer friendly relationship for a thriving and sustainable local industry. Toward its international suppliers, Quelaris, through aligning interests, has been able to become commercially efficient and a reliable channel ensuring long-term relationship and mutual regional success.
Learn more about Quelaris by visiting www.quelaris.com/us/.
February 17, 2022
Olin Power Issues at Freeport
FREEPORT POWER PRODUCTION REDUCED
- PR Newswire
- 15 hrs ago
CLAYTON, Mo., Feb. 16, 2022 /PRNewswire/ — Olin Corporation (NYSE: OLN) announced that our Freeport, Texas facility experienced mechanical failures at two of its six power generation units over the past weekend. There were no injuries or environmental events; however, our Freeport site is operating at a reduced level of power generation. We do not anticipate any change to our first quarter 2022 adjusted EBITDA outlook.
COMPANY DESCRIPTION
Olin Corporation is a leading vertically-integrated global manufacturer and distributor of chemical products and a leading U.S. manufacturer of ammunition. The chemical products produced include chlorine and caustic soda, vinyls, epoxies, chlorinated organics, bleach, and hydrochloric acid. Winchester’s principal manufacturing facilities produce and distribute sporting ammunition, law enforcement ammunition, reloading components, small caliber military ammunition and components, and industrial cartridges.
Visit www.olin.com for more information on Olin.
February 17, 2022
Olin Power Issues at Freeport
FREEPORT POWER PRODUCTION REDUCED
- PR Newswire
- 15 hrs ago
CLAYTON, Mo., Feb. 16, 2022 /PRNewswire/ — Olin Corporation (NYSE: OLN) announced that our Freeport, Texas facility experienced mechanical failures at two of its six power generation units over the past weekend. There were no injuries or environmental events; however, our Freeport site is operating at a reduced level of power generation. We do not anticipate any change to our first quarter 2022 adjusted EBITDA outlook.
COMPANY DESCRIPTION
Olin Corporation is a leading vertically-integrated global manufacturer and distributor of chemical products and a leading U.S. manufacturer of ammunition. The chemical products produced include chlorine and caustic soda, vinyls, epoxies, chlorinated organics, bleach, and hydrochloric acid. Winchester’s principal manufacturing facilities produce and distribute sporting ammunition, law enforcement ammunition, reloading components, small caliber military ammunition and components, and industrial cartridges.
Visit www.olin.com for more information on Olin.
February 16, 2022
Huntsman Epoxy Comments from Investors Call
Peter Huntsman
Let’s turn to Slide number 7. Advanced materials reported adjusted EBITDA of $54 million in the quarter, significantly above last year’s fourth quarter and the best fourth quarter ever despite in aerospace market, which is still some time away from a full recovery. Typically, the fourth quarter is a seasonally weaker quarter. However, the positive momentum in our sales and pricing actions continued into the fourth quarter across our specialty portfolio.
We discussed throughout 2021, our core aerospace business continued to show year-over-year growth with modest improvements in commercial production rates. We estimate that our aerospace EBITDA is approximately $45 million below pre-pandemic levels. In addition, we continue to increase prices across our portfolio in response to raw material and logistic cost inflation. These pricing actions have positive – have positioned us well for improved margins in the first quarter of 2022.
The recent acquisitions of CVC and Gabriel helped to drive our record results in the quarter and the integration of these businesses remained well on track. To date, we’ve achieved $12 million in synergies, and we’re confident that another $11 million will be achieved by 2023. Underlying demand for the Advanced Materials division is tracking well. And as aerospace recover, we expect this division to consistently generate additional EBITDA margins of 20% or better.
We will continue to grow this division organically and through targeted bolt-on acquisitions. We expect the momentum with which we exited the fourth quarter to continue into the first quarter. The combination of improved automotive and aerospace demand synergies in improved margins will drive year-over-year growth. As a result, we expect first quarter adjusted EBITDA to be between $58 million and $62 million, which is an impressive 36% year-over-year improvement at the midpoint of this guidance.
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