serve diverse niche markets, such as rigid
beverage and food packaging, performance molding and fiber.
Based in Berea, Ohio, ColorMatrix
provides colorants for fluoropolymers and
provides specialty additives that support
fluoropolymers’ unique high-performance
properties such as lubricity, high-level heat
insulation, static dissipation and x-ray
opaqueness, the company said. Through
its April 2011 acquisition of Gayson, ColorMatrix expanded its portfolio to include short turnaround, custom color
dispersions used in silicone processing for
a broad range of medical, consumer and
automotive applications.
ColorMatrix achieved sales and
EBITDA of approximately $196.8 million
and $43.6 million respectively for the 12
months ended June 30, 2011.
“Not only will the acquisition of ColorMatrix accelerate our specialization
strategy, it also expands our geographic
presence in Asia and Brazil and creates an
entry point into Russia,” said Robert Patterson, executive vice president and chief
financial officer. Approximately 70 percent of ColorMatrix’s revenues are outside North America.
Headquartered in Cleveland, Ohio,
PolyOne Corporation reported revenues
of $2.6 billion in 2010.
Resinall Rütgers Resins GmbH
purchases Neville Chemical
Europe BV
Resinall Rütgers Resins GmbH (RRR), a
joint venture between the German Rütgers Novares GmbH and the Belgian
Resinall Europe bvba, has acquired the
chemicals company Neville Chemical Europe BV (NCE).
The acquisition of NCE is part of the
RRR expansion strategy and is designed
to strengthen the joint venture partners´
position within the European industrial
resins market. NCE with its headquarters
in Uithoorn, Netherlands develops, produces and markets hydrocarbon resins for
the printing inks, coatings, asphalt and
rubber industries.
Prior to the acquisition, NCE was
owned by Neville Chemical Company
(NCC), based in Pittsburgh, Penn., United
States.
RRR is a joint venture between Duis-burg-based Rütgers Novares GmbH and
Brugge-based Resinall Europe bvba. The
headquarters of RRR is in Duisburg. The
joint company was founded in 2009 with
the aim of establishing itself as a competent partner for the European printing
inks industry.
“The acquisition will strengthen
Uithoorn as a production site and NCE
will remain a competitive market player
in the long term,” said Jerry Johnson,
RRR managing director. “Our long-term
objective is to expand the business.”
Altana acquires production of
Metalure pigments from Avery
Dennison
Eckart Effect Pigments, a division of Altana
AG, has signed an agreement to acquire the
production of Metalure pigments from
Avery Dennison. Eckart has been the
worldwide distributor of these high-quality
PVD-type aluminum pigments manufactured by Avery Dennison for over 20 years.
Eckart will now acquire the production located at the premises of Avery Dennison in
Schererville, Ind., United States, the technology and approximately 40 employees.
The new production unit will be managed
by Eckart America as the third U.S.-based
Eckart site. Avery Dennison as well plans to
continue its other operations at the Schererville premises. Financial details were not
disclosed and the transaction is subject to
approval by Germany’s Federal Cartel Office. Eckart utilizes Metalure pigments in
the coatings, graphic arts and cosmetics
business lines.
Imerys Performance Minerals
North America price increase
for calcium carbonate, kaolin
and mica products
Imerys Performance Minerals North America announced four to 10 percent price increases effective December 1, 2011, subject
to any provisions in individual contracts.
The price increase supports investments in
manufacturing, quality systems, environmental compliance and new product development, the company says. The increases
will affect all calcium carbonate, kaolin and
mica products while the energy surcharge
will remain in effect.
Clariant sells its
Polysilazane coatings
business
Clariant has sold its Polysilazane
coatings business including the production
site in India to AZ Electronic Materials (AZ)
for approximately € 4 million. Clariant retains the exclusive right to develop and use
Polysilazanes for composite materials and
ceramics, and will continue its development
in the area of ceramic precursors and fibers
based on Polysilazanes. It is for this reason
that Clariant also concluded a long-term
supply agreement for Polysilazanes with AZ.
Wacker receives innovation
award for alpha-silane-based
adhesives and sealants
Wacker has received Frost & Sullivan’s
New Product Innovation Award for its
novel Geniosil product class. According to
Frost & Sullivan, the Geniosil product class
was chosen because it incorporates advanced alpha-silane technologies, offers superior performance during processing,
delivers high value to customers and gives
them a fast return on investment. Geniosil
enables the formulation of fast-curing adhesives and sealants, with applications
ranging from highly flexible, paintable
sealants through to high-strength assembly
adhesives and crystal-clear cabinet sealants.
Frost & Sullivan tested several construction adhesives and sealants. Assessment criteria included innovative element,
leverage, value added features, return on
investment and penetration potential. Geniosil received top points in all categories.
“Wacker’s Geniosil products incorporate
a special silane structure that equips them
with high reactivity, which enables them to
be interlinked with polymers, leading to a
wide range of possible formulations. Geniosil
is able to successfully eliminate crosslinking
problems associated with polyurethanes and
enhance the properties of silicones,” said Best
Practices Account Manager Macaulay Iyayi.
Sealants and adhesives formulated with
Geniosil offer outstanding mechanical properties. They do not require labeling, formulations being free of plasticizers and
solvents. Geniosil is used in numerous sophisticated adhesive formulations, e.g. in the
automotive sector, in container construction
and for bonding parquet floors. CW
