Mergers and Acquisition News | Joint Venture Business News | Business Acquisition News – World of Chemicals
11:30 AM, 8th November 2019
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Veolia to supply key process technologies at major chemical plant in Saudi Arabia

BEIJING, CHINA: China Chengda Engineering Co Ltd (Chengda) awarded Veolia a contract to supply evaporation technologies for Khair Inorganic Chemical Industries Co. in Ras Al Khair, an emerging industrial city located in the Eastern Province of the Kingdom of Saudi Arabia. Chengda, a leading Chinese engineering and design firm based in Sichuan province, was engaged by Khair’s Inorganic Chemical Industries Company, also known as InoChem, to help develop a major facility designed to process ...

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5:30 AM, 30th August 2019
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Tullow Oil terminates sale of stake in Uganda project to Total, CNOOC

PARIS, FRANCE: On January 9 2017, Total SA has entered into a Sale and Purchase Agreement (SPA) to acquire 21.57% out of Tullow Oil plc’s 33.33% interest in the Lake Albert licenses. China National Offshore Oil Corporation (CNOOC) exercised its right to pre-empt 50% of the transaction. As a result, Total and CNOOC would have each increased their interest to 44.1% while Tullow would have kept 11.8%. Total’s interest will therefore remain at 33.3% on blocks EA1, EA2 and EA3 prior to ...

7:51 AM, 11th January 2018
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Shell develops solar power plant at Moerdijk site

THE HAGUE, NETHERLANDS: Royal Dutch Shell plc said that it is developing a solar power plant at its Moerdijk (Netherlands) chemicals site, with construction planned to begin in 2018. The project will provide an approximate peak capacity of 20MW of renewable power. The power produced from the solar plant will be incorporated in the energy consumption of Shell Moerdijk. The power produced in the installation is the equivalent of the power consumption of approximately 7,000 Dutch households. The ...

10:11 AM, 25th April 2017
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Merck sells biosimilars business to Fresenius

DARMSTADT, GERMANY: Merck said that it has sold its biosimilars business to Fresenius Kabi AG, a pharmaceutical company in Germany and a wholly owned subsidiary of the Fresenius SE & Co KGaA healthcare group. The decision to divest biosimilars is aligned with Merck’s strategy for its healthcare business sector to focus on its pipeline of innovative medicines. According to the terms agreed to the transaction, Merck will receive an upfront payment of €170 million, milestone payme ...

7:44 AM, 31st March 2017
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ADM to acquire French starch producer, Chamtor

CHICAGO, US: Archer Daniels Midland Company (ADM) said that it has been granted exclusivity in relation to the proposed purchase of Chamtor, a French producer of wheat-based sweeteners and starches. Chamtor, founded in 1992, produces glucose, starch and proteins from wheat. The company, which is currently owned by Vivescia Industries, is located in Reims, France, and has about 210 employees. In 2015, ADM purchased full ownership of corn wet mills in Bulgaria and Turkey and a 50 percent stake i ...

6:08 AM, 28th March 2017
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Sealed Air to sell New Diversey in $3.2 billion deal

CHARLOTTE, US: Sealed Air Corporation (SEE) has entered into a definitive agreement to sell its Diversey Care division and the food hygiene and cleaning business within its Food Care division (together with New Diversey) to Bain Capital Private Equity, a leading global private investment firm, for approximately $3.2 billion.  New Diversey will be a leading hygiene and cleaning solutions company that integrates chemicals, floor care machines, tools and equipment, with a wide range of techno ...

5:21 AM, 4th March 2017
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Zachry acquires engineering management company in US

SAN ANTONIO, US: Zachry Group has acquired Chicago-based Ambitech Engineering Corporation, a global, full-service provider of engineering, design, project management, procurement and construction management services. Zachry Group is America’s pace-setter in turnkey construction, engineering, maintenance, turnaround and fabrication services in the power, energy, chemicals, manufacturing and industrial sectors. Ambitech, established in 1982, has 750 employees in multiple locations across t ...

6:18 AM, 27th February 2017
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Albemarle, Tianqi terminate share purchase

CHARLOTTE, US: Albemarle Corporation and Tianqi Lithium Corporation (Tianqi) have entered into a deed of termination, pursuant to which Tianqi's exercise of a previously announced option to acquire a 20 percent indirect ownership interest in Rockwood Lithium GmbH and its subsidiaries has been terminated. In accordance with the deed of termination, the option agreement has been terminated and the exercise of the option by Tianqi will cease to have any legal effect. © Worldofchemicals News& ...

5:13 AM, 24th February 2017
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Solvay completes sale of its Vinythai stake to Asahi Glass

BRUSSELS, BELGIUM: Solvay SA has completed the sale of its 58.77 percent stake in its Thai subsidiary Vinythai PCL to Japanese company AGC Asahi Glass. The transaction was based on a total enterprise value of 16.5 billion Thai Baht (€435 million). © Worldofchemicals news ...

9:00 AM, 23rd February 2017
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Tronox to buy Cristal TiO2 business in $1.673 billion deal

STAMFORD, US: Tronox Limited (TROX) has entered into a definitive agreement to acquire the titanium dioxide (TiO2) business of Cristal, for $1.673 billion of cash and Class A ordinary shares representing 24 percent ownership in proforma Tronox. Cristal is a privately held global chemical and mining company. It is a subsidiary of Saudi Arabia's National Industrialization Co (Tasnee). Simultaneously with this announcement, the company announced its intent to begin a process to sell its Alkali b ...

7:05 AM, 3rd February 2017
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Brenntag acquires GEG’s chemical services business in US

MULHEIM, GERMANY: Brenntag AG has completed the acquisition of the pipeline and chemicals services business segment of Greene’s Energy Group LLC (GEG), a leading provider of integrated solutions for the oil & gas (O&G) industry in US.   Headquartered in Houston, Texas, the business is focused on pipeline cleaning and hydrostatic testing. The acquired assets of the pipeline and chemicals services segment of Greene’s Energy Group LLC offers a full range of products and s ...

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