The Urethane Blog
February 9, 2021
Bain Capital, Cinven buy Lonza unit in $4.67B deal
Published: Feb. 9, 2021 at 2:18 a.m. ET By
Pietro Lombardi
Private equity firms Bain Capital LLC and Cinven Group Ltd. have reached an agreement with Lonza Group AG to buy the Swiss life-sciences company’s specialty ingredients business for an enterprise value of 4.2 billion Swiss francs ($4.67 billion).
The unit, which has 17 manufacturing sites across the world and roughly 2,800 permanent employees, is specialized in microbial control solutions for products in the professional-hygiene and personal-care markets, as well as chemicals used in electronics, aerospace and other industries, the seller said late Monday.
“The sale of the Specialty Ingredients business will allow Lonza to focus on its position as a leading partner to the healthcare industry, and the free cash flows resulting from the sale will allow us to accelerate our strategic priorities,” Lonza Chairman Albert Baehny said.
The deal should be completed in the second part of the year.
https://www.marketwatch.com/story/bain-capital-cinven-buy-lonza-unit-in-467b-deal-2021-02-09
February 9, 2021
Bain Capital, Cinven buy Lonza unit in $4.67B deal
Published: Feb. 9, 2021 at 2:18 a.m. ET By
Pietro Lombardi
Private equity firms Bain Capital LLC and Cinven Group Ltd. have reached an agreement with Lonza Group AG to buy the Swiss life-sciences company’s specialty ingredients business for an enterprise value of 4.2 billion Swiss francs ($4.67 billion).
The unit, which has 17 manufacturing sites across the world and roughly 2,800 permanent employees, is specialized in microbial control solutions for products in the professional-hygiene and personal-care markets, as well as chemicals used in electronics, aerospace and other industries, the seller said late Monday.
“The sale of the Specialty Ingredients business will allow Lonza to focus on its position as a leading partner to the healthcare industry, and the free cash flows resulting from the sale will allow us to accelerate our strategic priorities,” Lonza Chairman Albert Baehny said.
The deal should be completed in the second part of the year.
https://www.marketwatch.com/story/bain-capital-cinven-buy-lonza-unit-in-467b-deal-2021-02-09
February 9, 2021
Eastern Coatings Show Rescheduled to November 2021
Cumberland, RI (February 2021) — The Eastern Coatings Federation today announced the Eastern Coatings Show (ECS) has been rescheduled to November 17-19, 2021 at Harrah’s Resort in Atlantic City. With the well-being of attendees, sponsors, and staff as the number one priority, the conference is being postponed until November 2021 to provide additional time for mass distribution of the vaccine.
“The safety of our exhibitors and attendees is paramount. Rescheduling to November allows a
longer period for vaccine distribution and an opportunity for our customers to travel
and conduct business in a safe environment” said ECS President Chris Mangano, Aegis Polymers
& Additives, LLC. “We want to thank all our members, sponsors and partners for the
continued support for a successful Eastern Coatings Show 2021”.
The Eastern Coatings Show is committed to the health and safety of all attendees and will work closely with the facility to ensure a safe and sanitary environment for the conference. Harrah’s Resort is in strict compliance with stringent health and safety protocols. The exhibit space and meeting facilities are among the best in the area and a great fit for the gathering of industry leaders, technical experts, innovators, producers, distributors, and other key figures in the industry.
The ESC is the largest regional coatings show in America. For more information on ECS, please visit www.easterncoatingsshow.com.
The Eastern Coatings Federation board members express their heartfelt best wishes to all members of the coatings industry as they persevere through this coronavirus pandemic.
About the Eastern Coatings Federation
The Eastern Coatings Federation, Inc. is a corporation founded by the Metropolitan New York Coatings Association (MNYCA), the Philadelphia Society of Coatings Technology (PSCT) and the New England Society of Coatings Technology (NESCT) to serve the coatings industry on a broader national basis exceeding their regional orientations. The Metropolitan New York Coatings Association serves coatings and allied industries in the New York Metropolitan area. Their website is www.mnyca.org. The Philadelphia Society of Coatings Technology serves the coatings and allied industries in the metropolitan Philadelphia area. Their website is www.psct.org. The New England Society of Coatings Technology serves the coatings industry in the New England states. Their website is www.nesct.org.
For more information about the Eastern Coating Show, please visit www.easterncoatingsshow.com .
February 9, 2021
Eastern Coatings Show Rescheduled to November 2021
Cumberland, RI (February 2021) — The Eastern Coatings Federation today announced the Eastern Coatings Show (ECS) has been rescheduled to November 17-19, 2021 at Harrah’s Resort in Atlantic City. With the well-being of attendees, sponsors, and staff as the number one priority, the conference is being postponed until November 2021 to provide additional time for mass distribution of the vaccine.
“The safety of our exhibitors and attendees is paramount. Rescheduling to November allows a
longer period for vaccine distribution and an opportunity for our customers to travel
and conduct business in a safe environment” said ECS President Chris Mangano, Aegis Polymers
& Additives, LLC. “We want to thank all our members, sponsors and partners for the
continued support for a successful Eastern Coatings Show 2021”.
The Eastern Coatings Show is committed to the health and safety of all attendees and will work closely with the facility to ensure a safe and sanitary environment for the conference. Harrah’s Resort is in strict compliance with stringent health and safety protocols. The exhibit space and meeting facilities are among the best in the area and a great fit for the gathering of industry leaders, technical experts, innovators, producers, distributors, and other key figures in the industry.
The ESC is the largest regional coatings show in America. For more information on ECS, please visit www.easterncoatingsshow.com.
The Eastern Coatings Federation board members express their heartfelt best wishes to all members of the coatings industry as they persevere through this coronavirus pandemic.
About the Eastern Coatings Federation
The Eastern Coatings Federation, Inc. is a corporation founded by the Metropolitan New York Coatings Association (MNYCA), the Philadelphia Society of Coatings Technology (PSCT) and the New England Society of Coatings Technology (NESCT) to serve the coatings industry on a broader national basis exceeding their regional orientations. The Metropolitan New York Coatings Association serves coatings and allied industries in the New York Metropolitan area. Their website is www.mnyca.org. The Philadelphia Society of Coatings Technology serves the coatings and allied industries in the metropolitan Philadelphia area. Their website is www.psct.org. The New England Society of Coatings Technology serves the coatings industry in the New England states. Their website is www.nesct.org.
For more information about the Eastern Coating Show, please visit www.easterncoatingsshow.com .
February 9, 2021
February 9, 2021
Dear Valued Customer,
Effective March 1, 2021 or as contracts allow, BASF Corporation is raising the price for all Pluracol® polyol products by $0.10 per pound. This is in addition to the previously announced increase January 26, 2021.
Your BASF Account Manager will provide further details of this announced increase and is available to answer any questions you may have. We appreciate your continued support for BASF Urethane Chemicals.
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