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Everchem Updates
VOLUME XXI
September 14, 2023
Everchem’s exclusive Closers Only Club is reserved for only the highest caliber brass-baller salesmen in the chemical industry. Watch the hype video and be introduced to the top of the league: — read more
June 1, 2021
Michael Heinz Takes over as Chairman, CEO of BASF Corporation
On Jun 1, 2021
Michael Heinz takes over as chairman and chief executive officer of BASF Corporation, headquartered in Florham Park. He will lead all activities of the North American affiliate of Germany-based BASF SE, one of the leading chemical companies worldwide.
“I am eager to take over responsibility for one of BASF’s major markets and to further develop our strong presence in the North American region,” said Heinz. “Given my experience with BASF in the United States, I am honored by this appointment as it allows me to lead an outstanding team and, at the same time, return to a country that feels like a second home to me.”
Heinz has been with BASF for almost four decades and during that time, has spent more than 10 years in various leadership positions in the United States. Earlier in his career, he oversaw BASF’s activities in Ecuador and Mexico, led the global Crop Protection division and was responsible for the integration of two major company acquisitions, Ciba AG and Cognis GmbH. Heinz has been a Member of BASF SE’s Board of Executive Directors since 2011 and will continue serving in this role in addition to leading the company’s North American activities. As part of his Board duties, Heinz is also responsible for BASF’s global Chemicals and Materials business segments as well as the South America region.
Heinz succeeds Wayne T. Smith, who led BASF Corporation for six years. Smith has shaped the company’s business success in the North America region with a strong focus on customers, Diversity & Inclusion and asset reliability.
https://njbmagazine.com/njb-news-now/michael-heinz-takes-over-as-chairman-ceo-of-basf-corporation/
June 1, 2021
SK Capital Announces Acquisition of Canlak and Valentus Specialty Chemicals
Provided by Business Wire May 27, 2021 6:30 AM EDT
SK Capital Announces Acquisition of Canlak and Valentus Specialty Chemicals
Businesses will be combined to create leading wood coatings company
Funds advised by SK Capital Partners, LP (“SK Capital”), a private investment firm focused on the specialty materials, chemicals and pharmaceuticals sectors, today announced the purchase of the Canadian coatings company Canlak Inc., and US-based Valentus Specialty Chemicals. SK Capital plans to merge the two businesses to form a premier North American wood coatings company called Canlak Coatings (the “Company”), which will be headquartered in North Brunswick, New Jersey.
“The combined Company will offer a comprehensive portfolio of wood coatings products to serve the sports, commercial and residential flooring, cabinet and furniture manufacturing sectors,” said Mario Toukan, a Managing Director of SK Capital. “We see tremendous opportunity to build upon a solid portfolio of brands, including Canlak, Poloplaz, ABSCO and Sampson Coatings, to provide value and solutions to the Company’s North American customer base.”
SK Capital, Canlak Inc. and Valentus Specialty Chemicals are working together to execute the transaction, which will result in a seamless transition for customers and suppliers alike. Normand Guindon, the current CEO of Canlak Inc., will remain actively involved with the business and will serve as Executive Chairman of the Board of the Company.
“The new Company will focus on offering the highest quality coatings that meet the market’s ever-more stringent VOC requirements,” added Randy Dearth, Senior Director of SK Capital. “Our portfolio will include a broad range of technologies, including traditional lacquers and varnishes, waterborne coatings, UV-cured coating systems and high-performance polyurethanes. We will support and grow our presence in the market through an expertly trained sales and technical staff supported by a state-of-the-art wood coatings laboratory.”
SK Capital is also pleased to announce that Robert Jamieson will be appointed as President and CEO of Canlak Coatings. Robert brings more than 30 years of experience in the chemicals industry to his new role, most recently serving as an executive of VersaFlex, a leading provider of specialty coatings, linings and foams. Robert’s experience also includes roles at Quadrant Chemical, Quadrant Urethane Technologies and Carlisle Construction Materials. “Robert’s extensive background managing chemicals businesses makes him an ideal candidate for integrating and growing Canlak Coatings,” added Toukan.
About SK Capital
SK Capital is a private investment firm with a disciplined focus on the specialty materials, chemicals and pharmaceuticals sectors. The firm seeks to build strong and growing businesses that create substantial long-term value. SK Capital aims to utilize its industry, operating and investment experience to identify opportunities to transform businesses into higher performing organizations with improved strategic positioning, growth and profitability as well as lower operating risk. SK Capital’s portfolio of businesses generates revenues of approximately $11 billion annually, employs more than 16,000 people globally and operates 150 plants in 28 countries. The firm currently has greater than $5 billion of assets under management. For more information, please visit www.skcapitalpartners.com.
June 1, 2021
SK Capital Announces Acquisition of Canlak and Valentus Specialty Chemicals
Provided by Business Wire May 27, 2021 6:30 AM EDT
SK Capital Announces Acquisition of Canlak and Valentus Specialty Chemicals
Businesses will be combined to create leading wood coatings company
Funds advised by SK Capital Partners, LP (“SK Capital”), a private investment firm focused on the specialty materials, chemicals and pharmaceuticals sectors, today announced the purchase of the Canadian coatings company Canlak Inc., and US-based Valentus Specialty Chemicals. SK Capital plans to merge the two businesses to form a premier North American wood coatings company called Canlak Coatings (the “Company”), which will be headquartered in North Brunswick, New Jersey.
“The combined Company will offer a comprehensive portfolio of wood coatings products to serve the sports, commercial and residential flooring, cabinet and furniture manufacturing sectors,” said Mario Toukan, a Managing Director of SK Capital. “We see tremendous opportunity to build upon a solid portfolio of brands, including Canlak, Poloplaz, ABSCO and Sampson Coatings, to provide value and solutions to the Company’s North American customer base.”
SK Capital, Canlak Inc. and Valentus Specialty Chemicals are working together to execute the transaction, which will result in a seamless transition for customers and suppliers alike. Normand Guindon, the current CEO of Canlak Inc., will remain actively involved with the business and will serve as Executive Chairman of the Board of the Company.
“The new Company will focus on offering the highest quality coatings that meet the market’s ever-more stringent VOC requirements,” added Randy Dearth, Senior Director of SK Capital. “Our portfolio will include a broad range of technologies, including traditional lacquers and varnishes, waterborne coatings, UV-cured coating systems and high-performance polyurethanes. We will support and grow our presence in the market through an expertly trained sales and technical staff supported by a state-of-the-art wood coatings laboratory.”
SK Capital is also pleased to announce that Robert Jamieson will be appointed as President and CEO of Canlak Coatings. Robert brings more than 30 years of experience in the chemicals industry to his new role, most recently serving as an executive of VersaFlex, a leading provider of specialty coatings, linings and foams. Robert’s experience also includes roles at Quadrant Chemical, Quadrant Urethane Technologies and Carlisle Construction Materials. “Robert’s extensive background managing chemicals businesses makes him an ideal candidate for integrating and growing Canlak Coatings,” added Toukan.
About SK Capital
SK Capital is a private investment firm with a disciplined focus on the specialty materials, chemicals and pharmaceuticals sectors. The firm seeks to build strong and growing businesses that create substantial long-term value. SK Capital aims to utilize its industry, operating and investment experience to identify opportunities to transform businesses into higher performing organizations with improved strategic positioning, growth and profitability as well as lower operating risk. SK Capital’s portfolio of businesses generates revenues of approximately $11 billion annually, employs more than 16,000 people globally and operates 150 plants in 28 countries. The firm currently has greater than $5 billion of assets under management. For more information, please visit www.skcapitalpartners.com.
June 1, 2021
BASF to increase price for diols and derivatives in North America
FLORHAM PARK, NJ, June 1, 2021 – Effective July 1, 2021 or as existing contracts permit, BASF will increase prices in North America for 1,4-Butanediol (BDO) and derivatives.
Product Price Increase
1,4- Butanediol (BDO) $0.10 / lb
Gamma-Butyrolactone (GBL) $0.15 / lb
N-Methylpyrrolidone (NMP) $0.15 / lb
Tetrahydrofuran (THF) $0.25 / lb
Polytetramethylene ether glycol (PolyTHF®) $0.25 / lb
BDO and its derivatives are used for producing engineering plastics, polyurethanes, pharmaceuticals, solvents and elastic spandex fibers.
June 1, 2021
BASF to increase price for diols and derivatives in North America
FLORHAM PARK, NJ, June 1, 2021 – Effective July 1, 2021 or as existing contracts permit, BASF will increase prices in North America for 1,4-Butanediol (BDO) and derivatives.
Product Price Increase
1,4- Butanediol (BDO) $0.10 / lb
Gamma-Butyrolactone (GBL) $0.15 / lb
N-Methylpyrrolidone (NMP) $0.15 / lb
Tetrahydrofuran (THF) $0.25 / lb
Polytetramethylene ether glycol (PolyTHF®) $0.25 / lb
BDO and its derivatives are used for producing engineering plastics, polyurethanes, pharmaceuticals, solvents and elastic spandex fibers.
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