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Brenntag links its distribution network of caustic soda in the Eastern United States

Brenntag (ISIN DE000A1DAHH0), the global market leader in chemical and ingredients distribution, announces the acquisition of the operating assets of US-based Suffolk Solutions, Inc’s caustic soda distribution business.

brenntag logo“The business and the related terminals of Suffolk Solutions fit seamlessly into our ambitions to further link Brenntag’s caustic soda network in the Eastern United States. There is great potential to strengthen our supply chain and expand our customer base in this geography,” says Steven Terwindt, Member of the Management Board of Brenntag Group and CEO Brenntag North America.

The Virginia headquartered company, founded in 2005, has access to a bulk terminal as well as to a rail transloading facility within the state. The business relies on long-term suppliers and a loyal customer base.

Anthony Gerace, Managing Director Mergers & Acquisitions at Brenntag Group, summarises the locational advantages of the acquisition: “Suffolk Solutions will strengthen Brenntag’s footprint in the Virginia market and thus will enable us to improve our logistical infrastructure throughout the region. It will provide us with greater supply flexibility, manoeuvrability, and additional storage capacity on the east coast of the United States.”

The acquired business generated sales of approximately USD 15.6 million in a 12-month period ending April 30, 2020.

About Brenntag:

Brenntag is the global market leader in chemical and ingredients distribution. We connect our suppliers and customers in value-adding partnerships. Our almost 17,500 employees provide tailor-made application, marketing and supply chain solutions. Technical and formulation support, market, industry and regulatory expertise as well as advanced digital tools are just some examples of our services that are aiming to create an excellent customer experience. Our full-line portfolio comprises specialty and industrial chemicals and ingredients of a world-class supplier base. Building on its long-standing experience, unmatched global reach and local excellence, Brenntag works closely alongside its partners to make their business more successful. We are committed to contribute towards greater sustainability in our own business and the industries we serve, and to achieve sustainable profitable growth. Headquartered in Essen (Germany) and with regional headquarters in Philadelphia, Houston and Singapore, Brenntag operates a unique global network with more than 640 locations in 77 countries. The company generated sales of EUR 12.8 billion (USD 14.4 billion) in 2019. Brenntag shares are traded at the Frankfurt Stock Exchange (BNR).

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Ashland announces definitive agreement to sell maleic anhydride business to AOC Materials, LLC for $100 million

Ashland Global Holdings Inc. (NYSE: ASH) today announced a definitive agreement to sell the company’s maleic anhydride business and manufacturing facility in Neal, West Virginia to AOC Materials LLC, for $100 million.

2020 07 27 202248Maleic anhydride is manufactured industrially on a large scale for applications in coatings and polymers. The maleic anhydride business was previously excluded from the sale of Ashland’s Composites business and the butanediol (BDO) manufacturing facility in Marl, Germany, to INEOS Enterprises. The transaction with AOC is expected to close prior to the end of calendar year 2020, contingent on customary regulatory approvals and standard closing conditions.

“Today’s announcement furthers Ashland’s strategic focus to streamline our portfolio and to focus on specialty ingredients and improved margins,” said Guillermo Novo, chairman and chief executive officer, Ashland. “The Maleic business and its respective employees have made important contributions to Ashland, and AOC will take a strategic view of the business to drive growth and continue their success.”

“We are delighted to have this business as a part of our company and welcome the employees who have made it successful to the AOC family,” remarked Joe Salley, chief executive officer, AOC.  “We are excited about the growth prospects, not only as a source for our internal consumption but also for the merchant market as well.”

Citi is acting as financial advisor to Ashland, and Squire Patton Boggs LLP is acting as legal advisor.

About Ashland 
Ashland Global Holdings Inc. (NYSE: ASH) is a premier global specialty materials company serving customers in a wide range of consumer and industrial markets, including adhesives, architectural coatings, automotive, construction, energy, food and beverage, nutraceuticals, personal care and pharmaceutical. At Ashland, we are approximately 4,600 passionate, tenacious solvers – from renowned scientists and research chemists to talented engineers and plant operators – who thrive on developing practical, innovative and elegant solutions to complex problems for customers in more than 100 countries. Visit ashland.com to learn more. 

About AOC
AOC is the leading global supplier of resins and specialty materials that enable customers to create robust, durable, and versatile products and components. With strong capabilities around the world in both manufacturing and science, the company works closely with customers to deliver unrivaled quality, service, and reliability for today, and create innovative solutions for tomorrow.   

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Nouryon completes organic peroxides expansion in Brazil

Nouryon has completed a project to more than double capacity for organic peroxides at its plant in Itupeva, Brazil. The expansion will add capacity for products including methyl ethyl ketone peroxides (MEKP) as well as dibenzyl peroxide (BPO) pastes and waxes. These are essential ingredients used in the production of composites serving fast-growing markets such as wind turbines and civil construction.

“This investment in Itupeva has transformed our site into a state-of-the-art production facility and gives our composites customers greater supply reliability across our entire organic peroxides product portfolio,” said Alain Rynwalt, Vice President of Polymer Catalysts at Nouryon. One key upgrade at the site is installation of an advanced Safety Instrumented System (SIS).

2019 09 13 103219This is the latest in a series of investments Nouryon has made to strengthen its Polymer Catalysts business, which includes organic peroxides and metal alkyls. Last year, the company acquired Zhejiang Friend Chemical Co., the largest producer of triethyl aluminum (TEAL) in China. In April of this year, Nouryon announced an agreement to acquire the merchant TEAL business of Sasol.

“Nouryon is a world leader in essential ingredients for the polymer industry,” said Johan Landfors, President of Technology Solutions at Nouryon. “We supply our growing customer base from production facilities in Europe, Asia and the Americas, and our most recent investment in Itupeva strengthens even more our supply position in this fast-growing region.”

Click here for more information about Nouryon’s growth investments.

About Nouryon

We are a global specialty chemicals leader. Markets worldwide rely on our essential chemistry in the manufacture of everyday products such as paper, plastics, building materials, food, pharmaceuticals, and personal care items. Building on our nearly 400-year history, the dedication of our 10,000 employees, and our shared commitment to business growth, strong financial performance, safety, sustainability, and innovation, we have established a world-class business and built strong partnerships with our customers. We operate in over 80 countries around the world and our portfolio of industry-leading brands includes Eka, Dissolvine, Trigonox, and Berol.

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AMADA WELD TECH announces increased production and support for critical manufacturing applications

AMADA WELD TECH announces increased strategical partnerships with manufacturers of battery modules, used in vital life support systems, as part of the effort to meet the increased demand for ventilators and their component parts during the current global health crisis. AMADA WELD TECH is a key supplier to both the medical and battery industries and has been additionally listed with the UK government as a supporting manufacturer for the production of ventilators and medical systems. As a result, the company has increased production in recent weeks, all whilst maintaining the safety and health of employees and customers.

2020 06 05 104356As the COVID-19 pandemic continues to unfold and governments work to contain the spread of the virus, hospital electrical power failure represents a more significant challenge than ever before. While backup generators offer the first line of defence, in the case of total or extended power failure, battery technology is critically important to life-sustaining care. Life-support equipment, such as the ventilators in such high demand during this crisis, must have a reliable battery back-up solution to ensure continued patient care in the event of a total power failure. Battery technology is also necessary to ensuring continued operation of vital equipment between a power failure and the switchover to backup generators. In addition, battery power ensures that essential support and monitoring can be maintained safely as patients are moved between wards and departments.

AMADA WELD TECH has provided technology such as its High Duty DC Resistance Welding Power Supply DC2013‑T and parallel gap weld heads to battery pack manufacturers who are rushing to increase production at this critical time. AMADA WELD TECH has also increased its own production in line with industry requirements in order to continue providing the most advanced welding solutions for the production of battery modules.

In the meantime, AMADA WELD TECH has taken measures to ensure that as many members of staff whom are able to work from home do so. Most of the company’s regional sales and service offices are now closed, with staff members available remotely to assist and support its customers with minimal disruption. In the production facilities that are manufacturing the equipment and systems crucial for continued production of ventilators and other critical technology, the company has introduced many measures to protect both its valued workforce and customers who receive their products.

About AMADA WELD TECH

AMADA WELD TECH is a leading manufacturer of equipment and systems for Laser Welding, Laser Marking, Laser Cutting, Resistance Welding, Hermetic Sealing and Hot Bar Reflow Soldering & Bonding.  We customize our products around specific micro-joining applications for all our customers around the globe. AMADA WELD TECH product markets include medical devices, battery, automotive, solar industry, electronic components and aerospace.  We are an ISO9001 certified company. Contact AMADA WELD TECH at infode@amadaweldtech.eu. Find out more about the company’s products and services at www.amadaweldtech.eu.

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KROHNE Remains in Full Production Shipping Critical Products within 48 hours

KROHNE, a world-leading manufacturer and supplier of solutions in industrial process instrumentation, announces it continues to quickly ship full product line from its Beverly facility despite current global supply chain constrictions that have impacted numerous industrial process operations as a result of the global health pandemic.

2017 04 05 093022“Magmeters, level radar and TDR and even Coriolis mass flow meters are assembled or produced in KROHNE’s new facility in Beverly, Massachusetts and we can ship several model configurations as quickly as 48 hours from date of order,” says Bob Senk, Vice President of Operations for KROHNE, Inc. “We are eager to be of service to our customers who need critical products in this time of crisis.”

Customers looking for flow or level measuring instruments should contact KROHNE or their local KROHNE representative for assistance during this challenging time.

About KROHNE

KROHNE is a worldwide technological leader in the development, manufacture and distribution of accurate, reliable and cost-effective measuring instruments for the process industries. KROHNE focuses on forming partnerships with its customers to provide them with the most reliable and innovative solutions available in the marketplace. For more information about KROHNE’s complete line of measuring instrumentation for the process industries, contact KROHNE at 1-800-FLOWING (978-535-6060 in MA); fax: (978) 535-1720, email: info@KROHNE.com