The Urethane Blog
October 10, 2022
Chemical Deal Results
| Seller | Buyer | Business | Date |
|---|---|---|---|
| Apollo Concrete Coatings | ReVamp (Bertram Capital) | concrete coatings | 3rd Quarter 2022 |
| Lanxess | Hallstar | plastic additives feedstock plant in NC | 3rd Quarter 2022 |
| PerformanX Specialty Chemicals | Stepan | surfactants – $20s | 3rd Quarter 2022 |
| Kemira | ChromaScape | dyes and pigments for paper goods | 3rd Quarter 2022 |
| Goldner Hawn | DKSH | Terra Firma (distribution) – $240s/$360v | 3rd Quarter 2022 |
| NBD Nanotechnologies | Henkel | coatings that reduce fingerprint visibility for glass and impart stain repellency for plastics, textiles and other materials | 3rd Quarter 2022 |
| GL Chemtec | Edgewater Capital | chemistry R&D and scale-up services to support API development, plus advanced materials for drug delivery, medical devices and other life science applications | 3rd Quarter 2022 |
| Comvest | SK Capital (Comvest remains a co-owner) | VanDeMark (phosgene chemicals) | 3rd Quarter 2022 |
| Bergstrom Nutrition | Balchem | methylsulfonyl-methane | 3rd Quarter 2022 |
| Edgewater Capital | Seatex | ChemQuest Chemicals (contract manufacturing) | 3rd Quarter 2022 |
| Seller | Buyer | Business | Date |
|---|---|---|---|
| DSM | Technip Energies | Biosuccinium® technology | 3rd Quarter 2022 |
| Arsenal Capital | American Securities | Meridian Adhesives | 3rd Quarter 2022 |
| Clariant | Global Amines | quaternary ammonium chemicals | 3rd Quarter 2022 |
| In-Line Finishing Solutions | Applied Adhesives (Arsenal Capital) | adhesive and coating solutions for the direct mail and Label Converting markets | 3rd Quarter 2022 |
| SK Capial | Chase Corporation | Nucera Solutions (specialty waxes and polymers) – $250v | 3rd Quarter 2022 |
| SK Capital | Gryphon Investors | Techmer (color and additive masterbatch for the plastics and fiber industries) | 3rd Quarter 2022 |
| Groupe Distribution | AP Nonweiler (Renovo Capital) | Ice Epoxy (DIY resins for hobby and craft projects) | 3rd Quarter 2022 |
| Vortex Coatings | AP Nonweiler (Renovo Capital) | PurEpoxy (concrete coatings) | 3rd Quarter 2022 |
| St. Gobain | SK Capital and Edgewater Capital | St. Gobain Crystals (single scintillation crystals for radiation detection applications, as well as sapphire and garnet substrates for photonics and power electronics applications) | 3rd Quarter 2022 |
| PromoPlast | IMCD | distribution in Mexico and US (resins and compounds for the packaging, footwear, consumer goods, home appliances, automotive and other industrial markets, plus additive masterbatches) | 3rd Quarter 2022 |
| Seller | Buyer | Business | Date |
|---|---|---|---|
| Covestro | Stratasys | 3D printing polymers and other materials and patents – $44v + earnout | 3rd Quarter 2022 |
| Avient | HIG Capital | distribution (thermoplastic and thermoset resins, and polymer colorants and additives) – $950v | 3rd Quarter 2022 |
| Huntsman | Archroma (SK Capital) | Textile Effects (chemicals for textiles, paper, and coating markets) – $772s/$718v | 3rd Quarter 2022 |
| Clearon | Solenis | sanitizers and disinfectants for recreational water treatment, HI&I and other water treatment applications | 3rd Quarter 2022 |
| Valvoline | Aramco | Global Products Business (production and distribution of automotive, commercial and industrial lubricants, and automotive chemicals) – $2,650v | 3rd Quarter 2022 |
| Imerys | Platinum Equity | High Temperature Solutions (refractory solutions for the iron and steel, thermal and foundry markets) – €801s/€930v | 3rd Quarter 2022 |
| Gulf Coast Chemical | JNS-SmithChem | distribution | 3rd Quarter 2022 |
http://www.chemicaldeals.com/Results.aspx?searchtext=&quarter=3rd+Quarter+2022
October 7, 2022
Holcim closes Polymers Sealants North America acquisition
- Leading provider of coating, adhesive and sealant solutions with 2022 net sales of USD 100 million
- Expanded waterproofing and coating solutions deliver significant roofing synergies
- Accelerates Holcim’s growth in Solutions & Products to reach 30% of Group net sales by 2025
Holcim has completed the acquisition of the Polymers Sealants North America (PSNA) division of Illinois Tool Works. PSNA is a leader in coating, adhesive and sealant solutions with 2022 estimated net sales of USD 100 million. With more than 150 employees and manufacturing plants in California, Arizona, Texas, Georgia and Massachusetts, PSNA will accelerate the growth of Solutions & Products, especially in waterproofing and coatings. PSNA’s innovation-driven approach is highly complementary to Holcim’s existing building envelope business and is expected to generate significant synergies.
Jamie Gentoso, Head Solutions & Products: “With PSNA we are broadening our waterproofing and coatings offering while delivering significant synergies with our roofing business. Building on their proven engineering and technical expertise, we will accelerate new product development and leading solutions together. I warmly welcome all PSNA employees into the Holcim family and look forward to investing in this business’ next era of growth together. By expanding our building envelope offering, together we can play a bigger role in providing innovative and sustainable solutions for energy-efficient buildings.”
PSNA’s innovation-driven solutions are used in construction as well as other industries such as aerospace composites and wind energy. PSNA is ideally positioned to capitalize on high-growth areas such as commercial re-roofing, green building and energy efficiency. This transaction adds to Holcim’s other recent acquisitions in roofing and insulation, from Firestone Building Products, Malarkey Roofing Products to SES. Pro-forma net sales for Holcim’s roofing and insulation business are on track to reach CHF 3.5 billion for 2022.
About Holcim
Holcim builds progress for people and the planet. As a global leader in innovative and sustainable building solutions, Holcim is enabling greener cities, smarter infrastructure and improving living standards around the world. With sustainability at the core of its strategy Holcim is becoming a net zero company, with its people and communities at the heart of its success. The company is driving circular construction as a world leader in recycling to build more with less. Holcim is 70,000 people around the world who are passionate about building progress for people and the planet through four business segments: Cement, Ready-Mix Concrete, Aggregates and Solutions & Products.
Learn more about Holcim on www.holcim.com, and by following us on LinkedIn and Twitter
https://www.holcim.com/media/media-releases/polymers-sealants-north-america-closing
October 7, 2022
Holcim closes Polymers Sealants North America acquisition
- Leading provider of coating, adhesive and sealant solutions with 2022 net sales of USD 100 million
- Expanded waterproofing and coating solutions deliver significant roofing synergies
- Accelerates Holcim’s growth in Solutions & Products to reach 30% of Group net sales by 2025
Holcim has completed the acquisition of the Polymers Sealants North America (PSNA) division of Illinois Tool Works. PSNA is a leader in coating, adhesive and sealant solutions with 2022 estimated net sales of USD 100 million. With more than 150 employees and manufacturing plants in California, Arizona, Texas, Georgia and Massachusetts, PSNA will accelerate the growth of Solutions & Products, especially in waterproofing and coatings. PSNA’s innovation-driven approach is highly complementary to Holcim’s existing building envelope business and is expected to generate significant synergies.
Jamie Gentoso, Head Solutions & Products: “With PSNA we are broadening our waterproofing and coatings offering while delivering significant synergies with our roofing business. Building on their proven engineering and technical expertise, we will accelerate new product development and leading solutions together. I warmly welcome all PSNA employees into the Holcim family and look forward to investing in this business’ next era of growth together. By expanding our building envelope offering, together we can play a bigger role in providing innovative and sustainable solutions for energy-efficient buildings.”
PSNA’s innovation-driven solutions are used in construction as well as other industries such as aerospace composites and wind energy. PSNA is ideally positioned to capitalize on high-growth areas such as commercial re-roofing, green building and energy efficiency. This transaction adds to Holcim’s other recent acquisitions in roofing and insulation, from Firestone Building Products, Malarkey Roofing Products to SES. Pro-forma net sales for Holcim’s roofing and insulation business are on track to reach CHF 3.5 billion for 2022.
About Holcim
Holcim builds progress for people and the planet. As a global leader in innovative and sustainable building solutions, Holcim is enabling greener cities, smarter infrastructure and improving living standards around the world. With sustainability at the core of its strategy Holcim is becoming a net zero company, with its people and communities at the heart of its success. The company is driving circular construction as a world leader in recycling to build more with less. Holcim is 70,000 people around the world who are passionate about building progress for people and the planet through four business segments: Cement, Ready-Mix Concrete, Aggregates and Solutions & Products.
Learn more about Holcim on www.holcim.com, and by following us on LinkedIn and Twitter
https://www.holcim.com/media/media-releases/polymers-sealants-north-america-closing
October 6, 2022
In April of 2022 Dr. Reinhart Schiffauer passed away at his home in Crosslanes, WV, after a life
time of doing whatever he wanted to do whenever he wanted to do it. Reinhart received his
BS, MS and PhD in Chemistry from Technical University Vienna, Austria.
In 1970 he began his career working for Shell Chemicals in the UK, Germany, Netherlands and
Houston, TX for 14 years in the Applications Research/Technical Service for Rigid Polyurethane
foam systems and Flexible Polyurethane foams. He was a key contributor in the development of
conventional polyols, formulation development, and antioxidants for scorch. One of his best known
achievements from this stage of his illustrious career was the development of the mathematical
correlation of foam properties and influencing variables (Foam Prediction Program) which is still
used to this day.
From 1984 to 1992 he was employed by Union Carbide first in Switzerland as a Tech Service
Chemist for PU foam catalysts then in S. Charleston, WV, as a Senior Research Chemist in PU
additives. He was responsible for the development of surfactants, catalysts and formulations for
ether slab, ester slab and HR slab technology. Reinhart was the Team leader in the development
of ULTRACEL TM high resilience foam technology.
From 1992 until his formal work retirement in 2008 he was employed by ARCO Chemical, Lyondell
Chemical and Bayer all at the S. Charleston Tech Center as a Senior Principal Scientist in Flexible
PU applications. He carried out technical service and new products introduction for flexible
polyurethane foams in the USA, Mexico and Canada with an advisory role for Asia and Latin
America.
From 2013 to 2022 he was a principal with RS&M Technologies Group sharing his extensive
knowledge and experience with the PU foam industry.
In addition to his extensive list of patents, during his long career he provided lectures/papers at
international urethane conferences. Reinhart was a true “character” in the flexible foam world who
lived life to its fullest and expressed few if any regrets. He will be sorely missed by all his many
friends and the industry.
Courtesy of Glenn DePhillipo
October 6, 2022
In April of 2022 Dr. Reinhart Schiffauer passed away at his home in Crosslanes, WV, after a life
time of doing whatever he wanted to do whenever he wanted to do it. Reinhart received his
BS, MS and PhD in Chemistry from Technical University Vienna, Austria.
In 1970 he began his career working for Shell Chemicals in the UK, Germany, Netherlands and
Houston, TX for 14 years in the Applications Research/Technical Service for Rigid Polyurethane
foam systems and Flexible Polyurethane foams. He was a key contributor in the development of
conventional polyols, formulation development, and antioxidants for scorch. One of his best known
achievements from this stage of his illustrious career was the development of the mathematical
correlation of foam properties and influencing variables (Foam Prediction Program) which is still
used to this day.
From 1984 to 1992 he was employed by Union Carbide first in Switzerland as a Tech Service
Chemist for PU foam catalysts then in S. Charleston, WV, as a Senior Research Chemist in PU
additives. He was responsible for the development of surfactants, catalysts and formulations for
ether slab, ester slab and HR slab technology. Reinhart was the Team leader in the development
of ULTRACEL TM high resilience foam technology.
From 1992 until his formal work retirement in 2008 he was employed by ARCO Chemical, Lyondell
Chemical and Bayer all at the S. Charleston Tech Center as a Senior Principal Scientist in Flexible
PU applications. He carried out technical service and new products introduction for flexible
polyurethane foams in the USA, Mexico and Canada with an advisory role for Asia and Latin
America.
From 2013 to 2022 he was a principal with RS&M Technologies Group sharing his extensive
knowledge and experience with the PU foam industry.
In addition to his extensive list of patents, during his long career he provided lectures/papers at
international urethane conferences. Reinhart was a true “character” in the flexible foam world who
lived life to its fullest and expressed few if any regrets. He will be sorely missed by all his many
friends and the industry.
Courtesy of Glenn DePhillipo
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