mergers & acquisitions

Lonza acquires Arch

Lonza Group, a leading supplier to the life science industries, has completed the acquisition of USA-based Arch Chemicals. Basel, Switzerland-based Lonza paid a total of US$1.4bn for Arch amounting to a cash value of US$47.20/share.

Lanxess buys Verichem

Lanxess has strengthened its portfolio of biocides with the acquisition of Verichem Inc based in Pittsburgh, USA. As a result, the German speciality chemicals company will significantly bolster its position in the USA’s material protection market and broaden its global biocide-manufacturing network. Both parties agreed not to disclose financial details.

Bayer sells Viverso

Bayer MaterialScience has signed a contract for the sale of its Viverso subsidiary to Nuplex Industries for €75M. The company is a leading manufacturer of polymer resins based in New Zealand and Australia. The transaction is still subject to the approval by the relevant antitrust authorities. The sale is expected to close by the end of the year.

Celanese products

Celanese has announced, November 10, an agreement to acquire certain assets from Ashland Inc, including two product lines, Vinac and Flexbond, which will support the strategic growth of the Celanese Emulsion Polymers business.

MIchelman buys Licomer

Michelman has acquired Clariant’s Europe-based Licomer business. The purchase includes the Licomer line of floor polish additives, associated intellectual property, equipment and assets.

Quest expands

Quest Specialty Coatings announced that it has acquired the coatings business of Patriot Paint, Portland, Indiana, USA.

For more information visit: www.polymerspaintcolourjournal.com