che_june-2024 - 12

Mergers & Acquisitions
Ashland to sell its
nutraceuticals business
May 8, 2024 - Ashland Global Holdings
Inc. (Wilmington, Del.; www.ashland.
com) agreed to sell its nutraceuticals
business to Turnspire Capital Partners
LLC. Ashland's nutraceuticals business
supplies a broad portfolio of active
ingredients and formulation aids to
nutritional product companies, as well
as custom-formulation and contractmanufacturing
capabilities, from four
production facilities in New Jersey,
Utah and Tamaulipas, Mexico.
Shell to sell interest in Singapore
Energy and Chemicals Park
May 8, 2024 - Shell Singapore Ltd., a
subsidiary of Shell plc (London; www.
shell.com), has reached an agreement
to sell its Energy and Chemicals Park
in Singapore to CAPGC Ltd., a jointventure
(JV) company between Chandra
Asri Capital Ltd. (www.chandra-asri.
com; Jakarta, Indonesia) and Glencore
Asian Holdings Ltd. (Singapore). The
transaction will transfer all of Shell's
interest in Shell Energy and Chemicals
Park Singapore to CAPGC. The Shell
Energy and Chemicals Park Singapore
comprises
integrated
petroleum
refining and chemicals assets on
Pulau Bukom and Jurong Island.
The Pulau Bukom assets include a
237,000-bbl/d petroleum refinery and a
1.1-million-m.t./yr ethylene cracker.
Arkema acquires Dow's
packaging adhesives business
May 2, 2024 - Arkema S.A. (Colombes,
France; www.arkema.com) signed an
agreement with Dow, Inc. (Midland,
Mich.; www.dow.com) to acquire
Dow's flexible-packaging laminatingadhesives
business, which provides
adhesives for the flexible packaging
market, generating annual sales of
around $250 million. The acquired
business operates five production
sites in Italy, the U.S. and Mexico.
Imerys to acquire diatomite and
perlite business from Calgon Carbon
May 2, 2024 - Imerys S.A. (Paris;
www.imerys.com) began negotiations
with Chemviron, a subsidiary of Calgon
Carbon Corp. (Moon Township, Pa.;
www.calgoncarbon.com), to acquire its
European diatomite and perlite business.
With this acquisition, Imerys would acquire
three mining and industrial facilities in
France and Italy that serve users in
the food, filtration and pharmaceutical
markets. In 2023, the diatomite and
perlite business generated around
€50 million in revenue.
Mitsubishi and Denka to form JV
for production of fullerenes
April 25, 2024 - Mitsubishi Corp. (MC;
Tokyo; www.mistubishi.com) and Denka
Company Ltd. (Tokyo; www.denko.
co.jp) signed a JV agreement under
which Denka will acquire from MC a
50% stake in Frontier Carbon Corp.
(FCC), a company that manufactures
and sells fullerenes. Fullerenes are
nanoscale allotropes of carbon, whose
single or double-bonded atoms are
joined together in rings in spherical
form. They have excellent conductive
and thermal properties and can be
dissolved in common organic solvents
at room temperature, making them
effective conductors in solar cells. ■
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http://www.calgoncarbon.com http://www.ashland.com http://www.arkema.com http://www.mistubishi.com http://www.dow.com https://www.denka.co.jp/eng/ http://www.denko.co.jp http://www.shell.com http://www.chandra-asri.com http://www.imerys.com http://adlinks.chemengonline.com/86464-06 http://adlinks.chemengonline.com/86464-07 http://WWW.CHEMENGONLINE.COM
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