Chemical Engineering April 2021 - 11

Mergers & Acquisitions
Clariant and India Glycols form
JV for renewable EO derivatives
March 11, 2021 - Clariant AG (Muttenz, Switzerland; www.
clariant.com) and India Glycols Ltd. (IGL) plan to establish a
joint venture (JV) for renewable ethylene oxide (EO) derivatives.
IGL will contribute its Bio-EO Derivative business to the JV,
which includes a multipurpose production facility with an
alkoxylation plant located in Kashipur, India. Clariant will
contribute its Industrial and Consumer Specialties business
activities in India, Sri Lanka, Bangladesh and Nepal.
Siemens concludes sale of
Flender GmbH to Carlyle Group
March 10, 2021 - Siemens AG (Munich, Germany; www.
siemens.com) has successfully closed the sale of Flender
GmbH, a specialized supplier of mechanical and electrical
drive systems, to The Carlyle Group for €2.025 billion.
Flender generated revenue of roughly €2.2 billion in 2020.
DuPont to acquire Laird Performance Materials
for $2.3 billion
March 8, 2021 - DuPont (Wilmington, Del.; www.dupont.
com) has entered into a definitive agreement with privateequity
firm Advent International to acquire Laird Performance
Materials for $2.3 billion. The transaction is expected to close
in the third quarter of 2021. Laird manufactures a portfolio of
heat-management and electromagnetic-shielding products.
Air Liquide to acquire hydrogen and nitrogen
production units in Kazakhstan
March 3, 2021 - Air Liquide S.A. (Paris, France; www.
airliquide.com) increased its presence in Kazakhstan through
its 75%-owned JV Air Liquide Munay Tech Gases (ALMTG).
The JV will invest up to €86 million to acquire H2 and N2
production units from the Atyrau petroleum refinery owned
by KazMunayGas.Under a new longterm agreement, ALMTG
will operate these assets to supply industrial gases to the
Atyrau refinery. Up to 200 million m3/yr of H2 and up to 50
million m3/yr of N2 will be produced at the site.
Nouryon sells its Salt Specialties
business to Salins Group
March 3, 2021 - Nouryon (Amsterdam, the Netherlands;
www.nouryon.com) signed an agreement to divest its Salt
Specialties business, including the JOZO, NEZO, Suprasel,
Sanal and KNZ brands, to French salt company Salins
Group. The acquisition includes three locations for the
packing and distribution of specialty salt in Hengelo, the
Netherlands, Mariager, Denmark and Gothenburg, Sweden.
Nouryon will supply Salins with high-purity vacuum salt
from its mining operations near Hengelo and Mariager.
Grace to acquire Albemarle's Fine Chemistry
business for $570 million
February 26, 2021 - W. R. Grace & Co. (Columbia, Md.;
www.grace.com) has entered into an agreement to acquire
the Fine Chemistry Services (FCS) business of Albemarle
Corp. (Charlotte, N.C.; www.albemarle.com) for approximately
$570 million. The acquisition significantly expands Grace's
existing pharmaceuticals portfolio, with capabilities
supporting the entire small-molecule development cycle. 
Mary Page Bailey
CHEMICAL ENGINEERING WWW.CHEMENGONLINE.COM APRIL 2021
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11
http://www.clariant.com http://www.siemens.com http://www.dupont http://www.airliquide.com http://www.nouryon.com http://www.gea.com/contact http://www.grace.com http://www.albemarle.com http://adlinks.chemengonline.com/80068-16 http://WWW.CHEMENGONLINE.COM
Chemical Engineering April 2021

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