The Urethane Blog

Bustynowicz Named President of Everchem Specialty Chemicals

Everchem Specialty Chemicals, a sales and marketing distributor of Urethane, Epoxy, Industrial Chemicals and Energy Curing products, today announced that Walt Bustynowicz has been named President.

Serta Simmons Files for Chapter 11

Serta Simmons Files for Bankruptcy Amid Financing Controversy

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Amelia Pollard and Luca Casiraghi

Tue,

Mearthane Recapitalization

Alantra, a leading global investment bank and asset management firm, is pleased to announce that Mearthane Products Corporation (“MPC”), a leader in proprietary, branded urethane-based technology, has been recapitalized by Compass Group Equity Partners (“CGEP”). The deal closed on December 23, 2022, and financial terms were not disclosed.

Univar Discussions

The PE firms are evaluating offers and potential buyers are holding discussions with Univar (UNVR) this month, according to traders, who cited a Bloomberg report. The talks are early and Univar hasn’t decided if it will sell itself.

Mattress Firm Pulls IPO

Mattress Firm (MFRM) has pulled plans for an initial public offering as retailers brace for a possible recession later this year.

Sheela Foam Acquisition

Indian mattress maker Sheela Foam Ltd (SHEF.NS) will soon acquire competitor Kurlon for 20 billion rupees ($241.29 million)

EVERCHEM UPDATE: VOL. 06 – Private Equity Kings

Dry powder in abundance, the PE boys are looking to partner with like-minded entrepreneurs to build platforms of scale, promising the power of a national operation while keeping local relationships and an entrepreneurial culture. [Company Name] could be an excellent partner.

Getting Serious

US – Brenntag, a global market leader in chemical and ingredient distribution, has confirmed the possibilities of a mega-merger in global chemical distribution after it held preliminary discussions with Univar Solutions over a potential acquisition.

Wow

Germany’s Brenntag SE is exploring a potential acquisition of US rival Univar Solutions Inc. that would cement its position as the world’s biggest chemical distributor and create a company with more than $30 billion in sales, people familiar with the matter said.

Recticel Results and Divestiture Update

The divestment of Engineered Foams is expected to close at the latest by the first quarter of 2023, following the decision on 2 September 2022 by the Competition and Markets Authority in the UK to fast track the approval process.