injection-moulded PVC soles for
footwear, tennis balls and wine
bottle corks.
EAG acquires Chemir
and CAS-MI
Evans Analytical Group, Inc. (EAG), a
global provider of surface analysis and materials characterization services, microelectronics “release to production” and
electronic failure analysis services, has acquired Chemir Analytical Services and its
affiliates CAS-MI Laboratories and Cyanta
Analytical Services. Chemir and CAS-MI
will continue to operate under their current
names, and Cyanta will begin the process
to be renamed EAG Life Sciences. All three
laboratories will continue operations at
their respective facilities. The acquisition of
Chemir allows EAG to better serve the
medical device and pharmaceutical companies who require FDA testing beyond
materials characterization and clients seeking to develop novel coating technologies
beyond surface analysis investigations.
Chemir Analytical Services of St. Louis,
MO, has built its reputation by solving
unique challenges associated with product
failures across diverse industries including
identification of contaminants, deformula-tion of products and litigation support for
patent infringement cases. CAS-MI Laboratories of Ypsilanti, MI, has provided analytical services for the polymer, paints,
coatings, adhesives and sealants industries
since 1943. More recently, CAS-MI has assisted entrepreneurs in product development for novel paint and coating
technologies. EAG is majority owned by
Odyssey Investment Partners, LLC, a private equity firm with more than $2 billion
in capital under management. Odyssey
makes majority, control investments primarily in established middle-market industrial manufacturing and business services
companies in a variety of industries.
Elementis to relocate
headquarters
Elementis Worldwide, Inc., a subsidiary
of Elementis plc, has signed on to be the
first tenant at East Windsor’s SciPark,
the Princeton, New Jersey area’s life science and technology campus, owned and
managed by Woodmont Properties and
Simon Developments.
The specialty chemicals company recently signed a long-term lease for 65,552
square feet—the entirety of Building 1—at
the campus, which will be used for the
company’s global headquarters.
Designed by architectural firm CUH2A,
which specializes in science and technology
facilities, SciPark is a four-building,
240,000-square-foot Class A campus.
Elementis is relocating approximately
125 employees from its existing, New Jersey headquarters. The $10 million interior
build-out of Elementis’ space at SciPark is
planned to begin in April 2011, and the
firm expects to take occupancy during the
first quarter of 2012.
Elementis signs full building lease at SciPark,
Princeton, NJ area's science and technology
campus.
SciPark is designed to meet Leadership
in Energy and Environmental Design
(LEED) standards. Sustainable “green” elements being incorporated into the development include certified construction
waste management, the use of low emitting materials including adhesives, paints
and carpet, sophisticated lighting and
HVAC design focused on controllability
of systems by users, reflecting white roof,
water efficient landscaping, alternative
transportation focused on bicycle racks
and showers for tenant employee use.
Evonik agrees to sell carbon
black business to Rhone
Capital
Evonik Industries signed an agreement
with affiliates of Rhône Capital LLC to sell
its carbon black business, which achieved
sales revenues of some €1.2 billion in
2010. The transaction is valued in excess
of €900 million including the assumption
of certain obligations. The closing is expected during summer 2011. The group’s
carbon black activities comprise 16 production facilities in eleven countries.
Evonik Carbon Black is the global number
three in this market. Carbon black is used
in the rubber and tire industries and as pigment black preparations in coatings, plastics, inks and toners. The business is being
acquired intact as a whole, with its 1,650
employees, about 500 of whom are based
in Germany. Evonik’s executive board decided in early September 2010 to exit the
carbon black business entirely.
Arkema expands production in
China
Arkema has brought on stream its new
Kynar PVDF production fluorinated polymer plant at its Changshu site in China.
With this additional capacity, Arkema
now has significant VF2 and PVDF production resources on three continents -
Europe, North America and Asia.
Momentive sells NA resins
business
Momentive Specialty Chemicals Inc. and
PCCR USA, Inc. have signed a definitive
agreement for Momentive to sell its North
American composites and coating resins
business to PCCR USA, a subsidiary of In-vestindustrial, a European investment
group with operations in specialty chemicals, resins and intermediates.
ADM begins production of
biobased propylene glycol
Archer Daniels Midland Company
(ADM) has announced the successful
start-up of its biobased propylene glycol
facility in Decatur, IL. The facility began
start-up operations in late March and is
now producing industrial-grade, biobased
propylene glycol.
Clariant closes Süd-Chemie
acquisition
Clariant has completed the purchase of Süd-Chemie from One Equity Partners and the
family shareholders. Clariant will make a
public offer to acquire the outstanding
shares from Süd-Chemie minority shareholders. The overall transaction value
amounts to approximately €1.9 billion.
