Mergers & Acquisitions
Chemicals distributor GracoRoberts has acquired composites supplier Pacific Coast Composites for an undisclosed price.
Aliaxis, the owner of pipe maker Ipex USA LLC, now owns 20 percent of Finland-based Uponor's shares — up from 5 percent — and its acquisition attempt has attracted other deal makers.
Ambienta SGR SpA, a large asset manager in Europe that focuses on environmental sustainability, has acquired a majority stake in plastics recycling machinery specialist Previero N srl.
Mexican specialty chemicals maker Orbia Advance Corp. SAB de CV has acquired the fumaric acid business of Neotrimental SA de CV, a subsidiary of Grupo IMSA SA of Colombia.
The deal puts Bekum in the supply chain for producing fiber-reinforced plastics and adds a site in China.
In a May 16 letter to the SEC and to Brazilian stock authorities, Braskem officials only said that the firm had received the Apollo Adnoc offer and "is evaluating other possibilities."
"Be courageous, take chances," says Linda Muroski president of Trelleborg Global Healthcare and Medical. "I've been in a whole host of different roles because I have not been afraid to learn. To make an impact, you can have depth of knowledge or breadth of experience."
Assets from the shuttered Proper Tooling LLC are set to be sold in auction later this month.
Materials firm Trinseo is restarting the sales process for its styrenics business and changing strategy to include marketing individual assets and regional businesses included in that unit.
Market analysts contacted by Plastics News said that DuPont should benefit from its acquisition of Spectrum Plastics, although there was a chance that the deal could put the firm in competition with some of its customers.
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