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BUSINESS
November 10, 1998 | From Bloomberg News
Clariant and Ciba Specialty Chemicals, the world's largest makers of specialty chemicals, agreed to unite in a stock swap worth about $8.1 billion that would create the dominant company in the global $100-billion industry. The new company, Clariant, would have annual sales of $13.3 billion and make products from colorants for Colgate toothpaste to dyes for the leather seats in Jaguar cars.
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BUSINESS
May 31, 2011 | Reuters
Specialty chemicals maker Ashland Inc. has struck a deal to buy privately held International Specialty Products Inc. for $3.2 billion as part of a plan to bolster its already strong roster of products for the skin care, drug and energy sectors. Ashland, best known for its Valvoline oil brand, also makes chemicals and materials for the packaging and water purification industries. In buying International Specialty Products, Ashland is betting that consumer demand for pharmaceuticals, skin creams, hair gels and cosmetics will only continue to grow.
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BUSINESS
August 27, 1992 | TED JOHNSON, SPECIAL TO THE TIMES
BASF Corp. said Wednesday that it plans to sell its Anaheim-based adhesive operations to Hexcel Corp. Hexcel, a specialty chemicals and resins manufacturer based in Dublin, Calif., said it has no plans to lay off any of the plant's 270 employees. The adhesives resin fibers made at the plant, at 1440 N. Kraemer Blvd., are used in such diverse products as golf shafts, tennis rackets and aerospace and military aircraft components.
BUSINESS
January 24, 2009 | Times Wire Reports
Dow Chemical Co. is in talks with Rohm & Haas Co. to close its proposed $15.4-billion buyout of the specialty chemicals maker after federal regulators approved the deal, both companies said. Approval by the Federal Trade Commission was the last regulatory hurdle after the European Commission signed off earlier this month. The FTC said Dow must sell facilities in six states to assuage antitrust concerns. Philadelphia-based Rohm & Haas said that according to the agreement the acquisition must close by Tuesday.
BUSINESS
March 4, 1986
Eastman Kodak has agreed to provide approximately $10 million in cash over the next four years for Amgen, a Newbury Park biotechnology company, to develop new ways of making specialty chemicals with genetic engineering. Under the agreement, Kodak would do the manufacturing, and the two companies would share any profit from the sale of products made with Amgen-developed technology. The profit-sharing formula was not disclosed. Amgen has a similar deal to help Texaco make specialty chemicals.
BUSINESS
February 22, 1995 | Times Staff and Wire Reports
Van Nuys-based Superior Industries International Inc. said it agreed to form a joint venture with Germany's Otto Fuchs Metallwerke to produce aluminum wheels for the European automotive market. . . . Monsanto Co. said it has completed its acquisition of Merck & Co.'s San Diego-based Kelco specialty chemicals unit for about $1.08 billion.
BUSINESS
November 10, 1998 | From Bloomberg News
Clariant and Ciba Specialty Chemicals, the world's largest makers of specialty chemicals, agreed to unite in a stock swap worth about $8.1 billion that would create the dominant company in the global $100-billion industry. The new company, Clariant, would have annual sales of $13.3 billion and make products from colorants for Colgate toothpaste to dyes for the leather seats in Jaguar cars.
BUSINESS
October 15, 1998 | Bloomberg News
W.R. Grace & Co., a specialty chemicals producer, said it won't buy the Crosfield Group unit of Britain's Imperial Chemical Industries for $455 million because it couldn't get U.S. regulatory approval. Grace said April 2 that it planned to complete the deal by midyear. But it twice delayed the purchase for Federal Trade Commission review, hindering its plan to focus on specialty chemicals after years of selling off unrelated businesses.
BUSINESS
May 15, 1998
* AlliedSignal Inc. is acquiring two closely held companies, for undisclosed terms, to bolster its specialty chemicals and plastics businesses. The maker of aerospace and automotive products is buying Web Technologies Inc., which has annual sales of $25 million, and Swiss company Pharmaceutical Fine Chemicals, which has annual sales of $110 million. * Navistar International Corp.'
BUSINESS
August 15, 1997 | (Bloomberg News)
W.R. Grace agreed to spin off its specialty chemicals business and combine its packaging business with Sealed Air Corp.'s, in a transaction valued at $5 billion. Specialty chemicals company Grace will receive $1.9 billion in Sealed Air common stock based on Wednesday's closing share price of $47.63, $1.8 billion in convertible preferred shares and $1.2 billion in cash. Before combining the packaging business, Boca Raton, Fla.
BUSINESS
September 4, 1996 | From Bloomberg Business News
Occidental Petroleum Corp. said Tuesday that it has acquired three specialty chemical producers in separate transactions for $146 million, including $127 million in Occidental common stock. The purchases are part of Westwood-based Occidental's strategy of expanding its specialty chemicals business to yearly earnings of $250 million by 2000. The unit earned $65 million in 1995.
BUSINESS
May 13, 1986
It will pay $23.7 million to buy Park Chemical Co., its fifth acquisition in the specialty chemicals industry in a year. Park, which in 1985 earned $2.1 million on sales of $22 million, will become part of Whittaker's chemical group, which had sales of $120 million for its fiscal year ended Oct. 31.
BUSINESS
May 10, 1989
Synbiotics Corp. in San Diego said A.M. (Don) MacKinnon has joined the board of directors of the biotechnology company. MacKinnon is the retired president and chief operating officer of Ciba-Geigy Corp., a developer and manufacturer of agricultural chemicals, pharmaceuticals, dyes, plastics and specialty chemicals.
BUSINESS
May 2, 1996 | Times Staff and Wire Reports
Crompton & Knowles to Buy Uniroyal Chemical: The $1.4-billion acquisition seeks to protect the Stamford, Conn.-based dye maker from swings in the fashion industry. Uniroyal Chemical Corp.'s specialty chemicals--including agricultural chemicals, plastics additives and synthetic rubber--sell to a broader customer base. The acquisition will reunite Crompton & Knowles Corp. Chairman and Chief Executive Vincent Calarco with a business he knows: He was president of Middlebury, Conn.
NEWS
June 10, 1995
Emerson Kampen, 67, who helped make Great Lakes Chemical Corp. the world's largest producer of specialty chemicals. Kampen joined the company in 1951 as a chemical engineer. He was named president in 1973, chief executive officer in 1977 and chairman in 1988. He was chairman emeritus at the time of his death. Great Lakes produces chemicals used in products such as fire extinguishers, swimming pool water treatments and petroleum additives. In West Lafayette, Ind.
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