Peak Rock Capital, a middle-market private investment firm, said that one of its affiliates has agreed to acquire Rochester Midland Corporation (RMC), in partnership with the chemical manufacturer’s founding family and management team. Founded in 1888, Rochester Midland is a premier supplier of specialty chemical products and value-added services, catering to diverse end markets like […]
Global investment firm KKR has entered into a definitive agreement to acquire Chase Corporation, a leading global manufacturer of protective materials for high-reliability applications, in an all-cash transaction valued at approximately $1.3 billion, including the assumption of debt. This agreement sees KKR acquiring all outstanding shares of Chase common stock for $127.5 per share in […]
In a significant breakthrough for the Middle East and North Africa, TotalEnergies, Aramco, and SABIC have successfully converted plastic waste into ISCC+ certified circular polymers for the first time. This innovative process, which took place at the SATORP refinery in Jubail, Saudi Arabia, involves turning plastic pyrolysis oil or plastic waste derived oil (PDO) into […]
Chemplast Sanmar, an Indian chemical company, said that its custom-manufactured chemicals division has been chosen by a global agrochemical innovator to produce a new pipeline active ingredient (AI). This marks a significant milestone for the company as it’s the first time they’ve been involved in manufacturing an active ingredient. Dr Krishna Kumar Rangachari, Deputy Managing […]
India-based specialty chemicals manufacturer, Neogen Chemicals Limited, has disclosed its consolidated financial results for the fiscal year ending March 31, 2023, revealing significant increases in total income and net profit compared to the previous year. The company’s total income increased from Rs. 488.32 crores in the fiscal year 2022 to Rs. 690.63 crores in the […]
Lubrizol Corporation, a Berkshire Hathaway-owned specialty chemicals leader, is set to bolster its growth trajectory in India with an investment exceeding $150 million. The commitment includes the establishment of India’s largest CPVC resin plant in Vilayat, Gujarat, doubling production capacity at its Dahej, Gujarat site, opening a new grease lab in Navi Mumbai, and fueling […]
Grasim Industries Limited and Lubrizol Manufacturing India Private Limited have reaffirmed their commitment to construct the first phase of the world’s largest single-site, state-of-the-art Chlorinated Polyvinyl Chloride (CPVC) resin production facility, located in Vilayat, Gujarat. The CPVC resin project, initially announced in October 2020, was delayed due to the global COVID-19 outbreak and associated supply […]
SURAT, INDIA – Anupam Rasayan, a leading player in the Indian custom synthesis and specialty chemical industry, has announced the signing of a Letter of Intent (LoI) with a prominent Japanese specialty chemical company. The agreement, which spans over five years, entails a revenue worth $265 Mn (approximately ₹2,186 crores) to supply a new age […]
Himadri Speciality Chemical, an Indian specialty chemical conglomerate, has made an investment of AUD 10.32 million in Sicona Battery Technologies, an Australian startup specializing in high-capacity silicon anode technology for lithium-ion batteries. This investment marks a substantial leap forward in the development of cutting-edge battery materials and reinforces the critical role of Sicona Battery Technologies […]
Ami Organics has announced its entry into the semiconductor industry with the acquisition of a 55% stake in Baba Fine Chemicals (BFC), a fine speciality chemicals company, from two partners for INR 68.2 crores. As per the terms of the deal, Rakesh Gupta, who is the third partner in Baba Fine Chemicals, will continue to […]