News (89)


Valspar Sales Decline, Merger ‘On Track’

Ahead of its multi-billion dollar planned merger with The Sherwin-Williams Company, paint and coatings manufacturer Valspar Corp. announced its fourth-quarter and year-end results, posting d...


Valspar Addresses Financials, Merger Chatter

Following release of a statement responding to market rumors concerning its proposed merger with The Sherwin-Williams Company, paint and coatings manufacturer Valspar Corp. announced its fou...


Dow, DuPont Merger Review Held Up Again

Another roadblock has popped up for The Dow Chemical Company and DuPont as their proposed merger remains under review by European regulators.


Dow, DuPont Merger Faces Hurdles

U.S.-based Dow Chemical and DuPont have once again failed to provide crucial data to European antitrust regulators—forcing the European Commission to suspend its review of the proposed merge...


Sherwin-Williams, Valspar Respond to FTC Rumor

Following an article suggesting that the pending merger between The Sherwin-Williams Company and Valspar was facing regulatory complications, both companies announced Friday the deal remains...


Sherwin-Williams, Valspar: Deal Unchanged

The Sherwin-Williams Company and Valspar intend to close their pending merger on schedule in early 2017 and at its planned price, the companies said Friday (Oct. 28), in the face of a report...


Companies Join Forces on Engine Coatings

Praxair Surface Technologies, a company specializing in high-performance coatings for the aviation, energy and other industries, is teaming up with GE Aviation in a specialized coatings join...


Review Proceeds on Dow-Dupont Merger

The proposed merger between chemical giants The Dow Chemical Company and DuPont is moving forward again, as an investigation by European regulators reopens after missing paperwork caused a w...


Dow-DuPont Deal Review Reopens

European regulators have restarted their investigation of the proposed merger between The Dow Chemical Company and DuPont, weeks after suspending the process due to missing paperwork, though...


Resins Firms' Merger Complete

Allnex, an international resins supplier of resins for architectural, industrial, OEM and special purpose coatings, has completed its acquisition of global resins manufacturer Nuplex Industr...


Regulator Questions Delay Dow-DuPont Deal

European regulators have called for a pause in their review of the proposed merger between two chemical giants due to what they're calling missing information, while a U.S. Senate committee ...


Dow, DuPont Deal Hits Regulatory Snag

The proposed merger of two chemical giants has hit a roadblock as the European Union’s antitrust authority halted its review of the transaction, citing missing information.


BASF, Henkel Agree on Deal

In a move to strengthen its construction chemicals portfolio, the world’s largest chemical company, BASF, plans to acquire Henkel’s professional Western European flooring, tiling and waterpr...


Concrete Trade Groups to Merge

The American Society of Concrete Contractors will be augmenting its concrete polishing programming through a merger with the Concrete Polishing Association of America, the two groups have an...


Regulators Approve Resin Merger

European antitrust regulators have given the green light to the merger of two major resin manufacturers.


Resins Acquisition Gets Green Light

The merger of two major resin manufacturers is one step closer to fruition after receiving antitrust clearance from the European Commission.


Valspar Reports Q3, Merger Costs

Foreign currency translation nicked earnings for Valspar Corp.’s third quarter and overall volumes grew 2 percent, as the company prepares for the proposed merger with The Sherwin-Williams C...


Pipeline Giant Forms in $28B Deal

The announced merger of two major pipeline companies promises to create the largest energy infrastructure company in North America, with an estimated market value of $127 billion.


Valspar Q3 Numbers Mixed

Coil and wood coatings fueled volume growth in the third quarter for Valspar Corp., though foreign currency translation contributed to a slight dip in sales for the manufacturer as it prepar...


Dow, DuPont Deal Under EU Antitrust Review

European Union authorities are taking a look at the proposed merger between The Dow Chemical Company and DuPont, two major global chemical companies with diverse product portfolios, to deter...


Dow, DuPont Deal Under EU Antitrust Review

As the proposed merger between two chemical giants advances, the European Union’s antitrust authority has opened an investigation to determine whether the transaction is in line with the EU ...


Valentus Acquires Floor Finishes Firm

Valentus Specialty Chemicals Inc., a holding company owned by Huron Capital, announced Thursday (August 11) that it completed its acquisition of Absolute Coatings Inc., the wood floor finish...


PPG to Sell Glass Unit; Bunch to Retire

After more than 130 years in the segment, PPG says it will sell off its flat glass business to the largest glass producer in Mexico for approximately $750 million.


PPG Sheds Flat Glass; Bunch to Step Down

Pittsburgh-based paints and coatings manufacturer PPG announced a historic change in its business operations lineup, as well as to its executive board, Thursday (July 21).


DowDuPont Merger Gets Investors’ Nod

DuPont and The Dow Chemical Company have each received the formal approval of their respective stockholders to move forward with their planned merger.


DowDuPont Deal Achieves Milestone

The proposed $130 billion merger that would unite The Dow Chemical Company and DuPont Co. has been formally approved by each company's stockholders.


Nuplex Shareholders Agree to Merger

Two global resin suppliers are moving forward with a merger. Allnex, based in Brussels and owned by parent company Advent International, announced in Februrary that it was in talks with Nupl...


Global Resins Merger Set to Advance

A deal between global resins manufacturers Allnex and Nuplex is moving forward, with shareholders from Nuplex approving a deal that would merge the two companies.


PPG-MetoKote Leader Named

Fortune 500 paint and coatings maker PPG announced a new appointment to its executive leadership team Monday (July 11).


ThyssenKrupp, Tata Steel Talk Merger

German industry giant ThyssenKrupp has confirmed that it is in talks with India-based Tata Steel about a possible merger, leading to speculation that Europe’s steel market may be set to furt...


RPM Acquires NC Bridge Repair Firm

Specialty coatings and sealants giant RPM International has added to its portfolio with the acquisition of Applied Polymerics Inc. & Marketing Associates Inc. (API/MAI), an infrastructure ma...


Dow to Lay Off 2,500

Within weeks of The Dow Chemical Company’s completion of its strategic ownership restructuring of Dow Corning Corporation, the specialty chemical giant announced the elimination of 2,500 job...


RPM Inks Australian Waterproofing Deal

Seeking to widen their footprint in the Australian market, RPM and its Tremco Group have announced the acquisition of New South Wales-based Duram Industries Pty Ltd., a manufacturer of comme...


Dow to Cut Jobs, Close Plants

The Dow Chemical Company will cut 2,500 jobs in the wake of its strategic ownership restructuring of Dow Corning Corporation, and anticipates closing a number of facilities, including manufa...


Valspar Shareholders Approve $11B Deal

Shareholders in Minneapolis-based paint company Valspar voted Wednesday (June 29) to approve the sale of the company to rival Sherwin-Williams.


$11B Valspar Deal Gets Shareholders’ OK

Paint and coatings maker Valspar, based in Minneapolis, received the support of its shareholders Wednesday (June 29), as they voted to approve the proposed sale of the company to rival The S...


BASF Grows Coatings Arm in $3.2B Deal

Known as a multi-national chemicals manufacturing corporation, BASF is expanding its coatings portfolio through the acquisition of a global surface treatment business.


Shareholder Files Suit in Valspar Deal

A Valspar Corp. shareholder has filed a suit against the company, alleging that aspects of its pending sale to The Sherwin-Williams Company constitute a breach of fiduciary duty.


PPG Expands Reach with New Acquisition

Pittsburgh-based coatings giant PPG has announced it will acquire global coatings services provider MetoKote and its affiliates.


Dow Corning Restructuring Complete

After 73 years, the Dow Chemical Company and Corning Inc. have restructured their silicones joint venture.


Dow Takes Full Control of Silicones Business

With an eye toward enhanced material science capabilities, The Dow Chemical Company has completed its strategic ownership restructuring of Dow Corning Corporation, according to a June 1 anno...


Marine Coatings Firms Partner Up

Japan’s Nippon Paint Marine Coatings and Germany’s Wilckens Farben GmbH have announced a joint venture that will supply Nippon’s marine paints throughout Europe and Turkey.


FTC Reviews Acquisition

As part of The Sherwin-Williams Company’s pending acquisition of The Valspar Corporation, the companies have been asked to provide additional information and documentary material to federal ...


FTC Probes Sherwin-Williams Deal

Federal trade regulators want to know more about The Sherwin-Williams Company’s quest to acquire Valspar in an $11 billion deal that would create the world’s largest paint and coatings produ...


Valentus Buys Wood Finishes Firm

Valentus Specialty Chemicals Inc. has announced it has acquired a Tennessee-based manufacturer of wood flooring finishes and related products.


Merger Targets Water Infrastructure

Engineering, consulting, and design services firm Stantec is planning to extend its worldwide reach in water resources infrastructure with the acquisition of MWH Global Inc.


APE to Buy Corrosion Specialties

APE Companies, of Deer Park, TX, is expanding its reach and capabilities through the acquisition Corrosion Specialties Inc.


Merger to Form Energy Pipeline Giant

The company known for the controversial Keystone Pipeline project, which sought to carry crude oil from the oil sands in Alberta, Canada, through the U.S. and on to the Gulf of Mexico, has a...


Sherwin-Williams to Buy Valspar for $11B

The Sherwin-Williams Company has announced it will acquire competitor paint and coatings producer Valspar in an all-cash deal valued at approximately $11.3 billion.


Sherwin-Williams, Valspar Make $11.3B Deal

In a deal valued at $11.3 billion, The Sherwin-Williams Company and The Valspar Corporation jointly announced that they have entered into a definitive agreement under which Sherwin-Williams ...


Rust-Oleum Acquires Seal-Krete

In its quest to conquer the concrete care category, RPM International Inc. has announced that its Rust-Oleum Corporation subsidiary has acquired Seal-Krete, a leading U.S. manufacturer of co...


AkzoNobel to Buy BASF Unit for $531M

In a shift of the global performance coatings landscape, global paint and coatings giant AkzoNobel has agreed to buy BASF’s industrial coatings business for €475 million ($531 million), the ...


AkzoNobel, BASF Agree to $531M Deal

In a move it says will strengthen its coil coatings market presence, AkzoNobel will pay €475 million ($531 million) to acquire BASF’s industrial coatings business.


Westinghouse Picks Engineer for Nuclear Jobs

Irving, TX-based engineering construction company Fluor Corporation won two subcontracts giving it workforce


Offshore Fabricator Pays $20M for Shipyard

Known as a manufacturer of specialized structures and vessels used in the oil, gas and marine industries


Insulation Company Closes Ninth Deal

Installed Building Products Inc., a national insulation and building products installation company, has acquired a North Carolina-based residential spray polyurethane foam insulation install...


Dow, DuPont to Unite in $130B Deal

Coatings and chemical giants The Dow Chemical Company and DuPont Co. announced Friday (Dec. 11) that they are merging in a deal valued at $130 billion.


Milan Firm Acquires Lane Industries

Italian infrastructure group Salini Impregilo announced an agreement to acquire U.S.-based construction firm Lane Industries Inc., one of the country’s top federal contractors for roads and ...


Nuclear Giant Takes on Construction

Leading supplier of nuclear plant products and technologies to utilities throughout the world, Westinghouse Electric Company LLC is expanding its global offerings through the acquisition of ...


Firm Invests in 2 Shipyards’ Future

While other area shipyards are undergoing layoffs and facing budget concerns, two Virginia shipyards are about to be purchased by a New York-based investment firm that focuses on “distressed...


American Galvanizing Joins Valmont

With business portfolio comprising four primary segments—coatings, engineered infrastructure products and services, utility support structures and irrigation—Valmont Industries is expanding ...


Acquisitions Swallow Spray Foam Firms

Accella Performance Materials, a St. Louis manufacturer of polyurethanes and recycled rubber products, has announced acquisitions of three spray foam and coatings companies.


PPG Completes IVC Acquisition

Coatings giant PPG Industries has formally acquired IVC Industrial Coatings, Inc., the company announced Tuesday (Sep. 1).


A.W. Chesterton, Ceramic Polymer Join

Known for its industrial fluid sealing systems, protective coatings, and high-performance industrial lubricants and MRO chemicals, the 135-year-old A.W. Chesterton Company is extending its g...


UK Construction Giant Strikes a Deal

Balfour Beatty has announced the sale of consulting arm Parsons Brinckerhoff to Montreal-based WSP Global Inc. for £820 million ($1.35 billion USD).


Construction Mega-Merger Runs Aground

The ink was barely dry on a $5 billion proposal to merge two global construction giants when one called the deal off.


UK Construction Giant Nixes Merger

Balfour Beatty has shut down merger talks with Carillion only one week after announcing the possible £3 billion ($5 billion USD) deal, citing disagreement over the terms.


Sherwin-Williams Expands in Middle East

Sherwin-Williams has opened a new paint manufacturing facility in Saudi Arabia as part of a joint venture with housing manufacturer Red Sea Housing Services Company.


PPG on the Rise in Latin America

With a larger footprint in Mexico and a fresh one in Panama, PPG Industries is amping up its presence in the hot paint and coatings market south of the U.S. border.


PPG Growing South of the Border

PPG Industries is beefing up its reach in Central America, announcing both a multimillion-dollar expansion of its Mexico facility and plans to acquire a Panama-based protective and marine co...


S-W Still Pursuing Comex Deal

Months after its bid was twice rejected, the Sherwin-Williams Co. still has designs on Central and South America's largest paint producer.


PPG Drops Comex; S-W Talks Continue

PPG Industries’ Protective and Marine Coatings (PMC) business has terminated its licensee agreement with the Comex Group, but Sherwin-Williams remains interested in Central and South America...


60K Airline Workers Pick New Paint

It was a close race, but American Airlines employees have spoken, voting to repaint hundreds of aircraft with a new red, white and blue flag design.


Sky-High Paint Job Goes to a Vote

A recent merger has American Airlines saying “out with the old and in with the new.” Wait, maybe they want “in with the old and out with the new.”


AkzoNobel Adds, Nippon Paint Subtracts

Global coating makers AkzoNobel and Nippon Paint are resizing their portfolios, with AkzoNobel expanding its presence in the Middle East and Nippon Paint divesting part of its U.S. business.


DuPont Refinish Reborn as Cromax

Automotive coatings formerly from DuPont are getting a fresh new face with a rebranding campaign taking place throughout the rest of the year.


Firms Plan Industrial Services Giant

Diversified global industrial company Harsco Corp. has announced the $300 million sale of its Infrastructure division into a $3 billion joint venture that will combine the business with Bran...


DuPont Weighs Sale of Chemicals Unit

DuPont says it is considering the sale of its Performance Chemicals segment, which produces paint pigments.


DuPont Ponders Sale of Chemicals Unit

DuPont may shed its Performance Chemicals segment, which produces paint pigments, after a less-than-stellar performance in the second quarter, the major chemical manufacturer announced on Tu...


AkzoNobel Dims Decorative in Germany

AkzoNobel's Decorative Paints business continues its crash diet, with a newly announced plan to shed its German paint stores immediately after selling off its North American unit.


AkzoNobel to Shed German Paint Stores

AkzoNobel continues to shrink its global decorative paints business, announcing that it will divest its decorative paints stores for professionals in Germany to independent wholesale distrib...


PPG Opens 2013 on a Flat Note

Cooling off after a record earnings year, PPG Industries’ sales remained static for the first quarter of 2013, with weak European markets taking the brunt of the blame.


PPG on the Move, But Sales Stall

The world’s No. 2 paint and coatings company racked up major acquisitions in the first quarter of 2013, but weakness in Europe kept PPG Industries’ overall sales flat.


Grace Acquires Waterproofing Company

Grace Construction Products is expanding its reach into Australia and Asia Pacific with the acquisition of Chemind Construction Products, a privately held manufacturer and distributor of wat...


Royal Holdings Buys Adhesives Packaging

Adhesives Packaging has been acquired by Royal Packaging, with intentions of operating the company as a standalone business in packaging, mixing and applying adhesives.


PPG Chemicals Unit Becomes Axiall

PPG Industries has completed the separation and merger of its commodity chemicals business with a Georgia Gulf subsidiary, giving rise to a new entity called Axiall Corporation.


Garland Acquires DryDog Barriers

Hoping to expand its waterproofing reach and take advantage of an improving home construction market, Garland Industries Inc. has announced the acquisition of DryDog Barriers LLC, of Charlot...


UK Axes AkzoNobel's Can Coatings Deal

Britain's Office of Fair Trading has blocked AkzoNobel's proposed acquisition of Metlac Holding, ruling that the deal would substantially reduce competition in metal coatings for beer and be...


PPG Chemical Unit Split Proceeding

PPG Industries' split-off transaction of its commodity chemicals business is underway, having gained all required approvals, the company has announced.


 
 
   

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