3M, St. Paul, MN, has acquired Polyfoam Products Inc., a structural adhesives company specializing in foam adhesives for tile roofing and other adhesive products for the building industry.
Polyfoam’s patented professional tile roofing system provides an alternative to mechanical fastening. The unique polyurethane adhesive locks tiles in place and eliminates the need for nails or screws to fasten tiles to the roof, which can leave thousands of tiny puncture holes, according to a 3M press release.
The addition of Polyfoam’s polyurethane foam formulations and polyurethane dispensing equipment will broaden 3M’s industrial adhesives portfolio and enhance our presence in the industrial and building and construction markets,”said Patrick Deconinck, vice president and …
Latest In Chemicals & Plastics Distribution
Ashland Inc., Covington, KY, reported preliminary profit for the quarter ended June 30, 2008, of $72 million, a decrease of 28% from the prior year. Sales and operating revenues increased 11% over third quarter 2007 to $2.2 billion.
For the first nine months, Ashland reported profit of $177 million, down 10.6% from the same period 2007. Sales and operating revenue totaled $6.2 billion, an increase of 8.2% over the same period a year ago.
Segment results
Performance Materials’sales and operating revenues of $425 million increased 6%, but volume per day declined 4%, both as compared with the June 2007 quarter. The unit was impacted by increased raw material costs in all of Performance Materials’business units.
Distribution’s volume per day …
Global chemical company Ashland Inc. has agreed to acquire Hercules Inc., Wilmington, DE, in a deal valued at $3.3 billion. The transaction, which would create a major, global specialty chemicals company, is expected to close by the end of 2008.
With sales in more than 100 countries, Ashland is a manufacturer of specialty chemicals, a distributor of chemicals and plastics, and a provider of automotive lubricants, car-care products and quick-lube services.
Hercules is a supplier in specialty additives and ingredients that modify the physical properties of water-based systems and is a supplier of specialty chemicals to the pulp and paper industry.
Upon the transaction’s close, Ashland will have pro forma combined revenue for the 12 months ended March …
The Dow Chemical Co. has agreed to buy specialty materials and chemicals supplier Rohm and Haas Company, Philadelphia, PA, for $78 per share in cash or $18.8 billion. The agreement provides that Rohm and Haas will continue to do business under the Rohm and Haas name.
In addition, Dow will contribute a number of specialty chemicals business segments to the Rohm and Haas portfolio.
Rohm and Haas brings to Dow strengths in Coatings and Electronic Materials, according to Dow CEO Andrew N. Liveris. Dow will contribute complementary businesses to Rohm and Haas Company in areas such as coatings, biocides, and personal care products. As a result, annual revenue of Rohm and Haas will be about $13 billion, post-transaction.
Based in Philadelphia, PA, Rohm …
Atlanta-based Zep Inc., a producer of cleaning and maintenance products, reported sales of $145.2 million for the third quarter ended May 31, 2008, down slightly from $145.4 million in the previous year. Profit was $0.2 million, down 94% from third quarter 2007.
Excluding charges for restructuring and special items, Zep had an adjusted profit of $6 million, down 4.8% from the adjusted profit the previous year.
The decline was attributed to higher raw material costs, increased stand-alone public company expenses and investments related to ongoing strategic initiatives.
For the nine months ended May 31, 2008, profit was $8.4 million, up 21.2% over the prior year. Zep reported sales of $421.9 million in the first nine months of fiscal year 2008, an …
Atlanta-based Zep Inc. says it is looking for opportunities in independent distribution channels to grow its core business in industrial and institutional cleaning and maintenance chemicals. The company named HD Supply and Grainger as examples of distributors they could sell through.
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Zep had fiscal 2007 sales of more than $565 million. It is a producer of cleaning and maintenance products for commercial, industrial, institutional and consumer end-markets. Brand names includes Zep, Zep Commercial, Enforcer, National Chemical and …
Industrial rubber and elastomer product supplier Redwood Plastics Corp., a division of The Redco Group, has acquired BC Rubber Supply Ltd., Langley, BC.
Redwood Plastics has seven branches and two manufacturing facilities in the U.S. and in Canada. Redwood Plastics is also a partner of Prisma Plastics International Inc. with Warehoused Plastics Inc. and Plastics Alto/Polyfab …
Atlantis Plastics, Inc., Atlanta, GA, reported sales for the third quarter 2007 were $103.5 million, compared with $108.3 million for the third quarter of 2006. Net loss for the third quarter of 2007 was $13.9 million.
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Sales for the first nine months of 2007 were $308.4 million, compared with $328.6 million for the comparable period of 2006. Net loss for the first nine months was $16.6 million.
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3M, St. Paul, MN, has agreed to acquire Bondo Corp., a manufacturer of auto body repair products for the automotive aftermarket and various other professional and consumer applications.
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Bondo brand products include body filler, fiberglass repair materials, under coatings, and adhesives. Bondo products are sold to the auto body professional market through auto body paint specialty stores in addition to mass merchandisers and auto parts retailers.
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The addition of Bondo enhances our professional and retail auto body product lines,” said Ian Hardgrove, vice president and general manager, 3M Automotive Aftermarket Division.
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3M’s Automotive Aftermarket Division products include abrasives and accessories, masking tapes, panel bonding adhesives, …
3M, St. Paul, MN, has acquired Standard Abrasives, a manufacturer of coated abrasive specialties and non-woven abrasive products for the metalworking industry.
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With this acquisition we are joining two great abrasive companies and brands, both of us successful, and both of us with proud histories of innovation that are now coming together to drive towards a very bright future,” said Chris Holmes, vice president and general manager, 3M Abrasive Systems Division.
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Standard Abrasives employs 375 people and is headquartered in Simi Valley, CA. …
Adhesives supplier Barker, Inc., Fort Wayne, IN, and Adhesive & Equipment Co., Grand Rapids, MI, will merge. The new company will remain in Fort Wayne and will be known as A & E Barker Inc. Together the companies will have $12 million in sales.
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A & E Barker will focus on industrial and commercial customers in Michigan, Indiana, Northern Kentucky and Western Ohio.
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Both companies are regional distributors for H. B. Fuller, Bostik division of Total Petroleum, Nordson Equipment, Plexus and other adhesive and equipment …
The Minneapolis/St. Paul Star-Tribune reports that 3M Co. has told its workers that it is acquiring Standard Abrasives, Simi Valley, CA, a “significant rival in the metal-abrasives industry.” 3M officials have confirmed the coming acquisition.
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According to its Web site, Standard Abrasives designs and manufactures coated abrasive specialties and BriteRite non-woven abrasives for high-speed deburring, grinding, polishing, finishing and cleaning applications on metal surfaces.
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3M abrasives brands are Scotch-Brite, Cubitron, and Trizact.
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Standard will join 3M’s industrial and transportation …
Royal Adhesives and Sealants LLC, South Bend, IN, has acquired the IAC Bond-Plus water base adhesives and coatings product line. The acquired product line consists of EVA, PVA and, acrylic latex water based adhesives and coatings that are primarily sold to the paper, graphic arts and laminating markets.
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Royal will be transferring production of these products to its manufacturing center in South Bend.
The acquisition is Royal’s fifth in the past three years, following its acquisitions of ESC Adhesives in December 2004, Hardman Adhesives in June 2005, J & R industries in December 2005 and Basic Adhesives in April 2006. The company reports that all five acquisitions fit its strategy to acquire businesses focused on industrial market applications
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Chase Corporation, Bridgewater, MA, a global manufacturer of specialty tapes, laminates, sealants and coatings, announced its subsidiary, Chase Protective Coatings Ltd, has acquired Long Products of Rye, East Sussex, England.
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Long Products is a manufacturer of waterproofing and corrosion protection systems for oil, gas and water pipelines and has been a major supplier to Europe, the Middle East and Southeast Asia.
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This acquisition joins Chase’s North American based Tapecoat and Royston brands to broaden the protective coatings product line and better address increasing global demand. Long Products’tapes, epoxies and cathodic protection accessory products are used internationally on new pipeline projects as well as for regular pipeline maintenance.
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PetroLiance LLC, formed last year through the consolidation of four of the nation’s largest ExxonMobil distributors, has completed its first acquisition. The company has purchased Columbus-based AV Lubricants Inc.
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AV Lubricants is a provider of lubricants to the aviation industry and to mining operations in Ohio, Kentucky and neighboring states.
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PetroLiance has major facilities in Columbus, OH, the headquarters of AV Lubricants.   ; PetroLiance was formed in 2006 through the consolidation of Boncosky Oil Company of Chicago, IL, Commercial Ullman Lubricants Company of Ohio, Lubricant Technologies LLC of North Carolina, and Young Oil Company Inc. in south Florida. The company offers ExxonMobil products along with a growing array of ancillary products and …
3M, St. Paul, MN, has agreed to acquire Venture Tape Corp., a supplier of pressure sensitive adhesive tapes based in Rockland, MA.
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Venture Tape manufactures tapes used in construction, oil and gas, heating, ventilation and air conditioning (HVAC), electronics, aerospace, marine and appliance markets. It also provides specialty industrial tapes complementary to 3M’s specialty tape product line used in splicing, automotive and automotive aftermarket applications.
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This acquisition broadens our pressure sensitive adhesive tape platform, brings new channels to 3M, and allows us to expand into adjacent markets such as construction,” said Patrick Deconinck, division vice president, 3M Industrial Adhesives and Tapes Division.
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Venture Tape employs …
Celanese Corporation, Dallas, TX, a hybrid chemical company, has sold the Films business of its AT Plastics subsidiary to British Polythene Industries plc. The Films business manufactures products for the agricultural, horticultural and construction industries.
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The sale is part of Celanese’s plan to divest non-core businesses.
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The Specialty Polymers business of AT Plastics, whose production and support facilities are located in Edmonton, remains with Celanese. The Polymers business concentrates on the development and supply of specialty resins and …
Private equity firm CVC Capital Partners has offered to buy Dutch chemicals distributor Univar NV for US$2.04 billion (1.5 billion euro), a premium of about 37% to Univar’s closing price July 6.
Ulysses Luxembourg, controlled by CVC, will pay 53.50 euros a share for the company, which also operates in the U.S.
Univar operates a network of more than 200 distribution centres, spread primarily across the U.S., Canada, Europe and Asia. In 2006, Univar had pro forma sales of US$8 billion. …
Salem, OR-based Ultratape Industries Inc., a manufacturer of adhesive tapes used in cleanroom environments, has been sold to Hayward, CA-based Delphon Industries LLC.
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Ultratape produces pressure sensitive adhesive tapes for use in semiconductor cleanrooms, labs, pharmaceutical manufacturing and other particle-free and static-free environments. …
GE has agreed to sell GE Plastics to Saudi Basic Industries Corporation (SABIC), a global petrochemicals manufacturer, for $11.6 billion in cash plus assumption of debt.
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GE Plastics is a $6.645 billion global supplier of plastic resins widely used in automotive, healthcare, consumer electronics, transportation, performance packaging, building and construction, telecommunications, and optical media. It is headquartered in Pittsfield, MA. and employs 10,300 people in 60 locations worldwide.
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SABIC is  ; one of the world’s 10 largest petrochemicals manufacturers ranked by market capitalization (currently US$80 billion). The company produces polyethylene, polypropylene, glycols, methanol, and fertilizers as well as the fourth largest polymer producer. …
