FinnvedenBulten AB (publ) has completed the divestment of its Finnveden Metal Structures (FMS) division to Shiloh Industries Inc. The purchase price for all the shares in FMS amounted to SEK 372 million and was paid in cash today on the closing date. The price corresponds to a purchase price of SEK 490 million on a debt-free basis.
INEOS will acquire BASF’s 50% share in Styrolution, a joint venture between the companies. The purchase price to be paid by INEOS amounts to €1.1 billion. A call option in favor of INEOS to buy BASF’s share in Styrolution was already included in the shareholders’ agreement signed in 2011.
ASSA ABLOY has signed an agreement to acquire the locks and hardware business under the ENOX brand from Pooja Hardware, one of the market leaders in India.
Patrick Industries, Inc. ("Patrick" or the "Company") announced today that it has completed the acquisition of the business and certain assets of Goshen, Indiana-based Foremost Fabricators, LLC ("Foremost"). Foremost is a fabricator and distributor of fabricated aluminum products, fiber reinforced polyester sheet and coil, and custom laminated products primarily used in the recreational vehicle ("RV") market.
Trinity Industries, Inc. today announced that it has entered into an agreement to acquire the assets of Meyer Steel Structures (“Meyer”), the utility steel structures division of Thomas & Betts Corporation, a member of the ABB Group, for a purchase price of approximately $600 million.
Mitsubishi Heavy Industries America, Inc. (MHIA), fully owned subsidiary of Mitsubishi Heavy Industries, Ltd. (MHI), has received an order from ExxonMobil Chemical Company (ExxonMobil) for two large-scale polyethylene (PE) plant lines with a combined production capacity of 1.3 million tons per year.
Alcoa today announced it is significantly accelerating its portfolio transformation. The Company has signed a definitive agreement to acquire Firth Rixson, a global leader in aerospace jet engine components, from Oak Hill Capital Partners, for $2.85 billion in cash and stock.
Air Products, a leading global supplier of performance materials, has recently won the 2014 Ringier Technology Innovation Awards for the Coating Industry in China for its Dynol 960 and Dynol 980 superwetting surfactants.
Sunshine and high temperatures make it clear that summer is here but warm or hot summer weather can create problems of its own.
H.B. Fuller Company announced today that it has signed an agreement to purchase Tonsan Adhesive, Inc. With this acquisition, H.B. Fuller will add strong customer relationships in high-value, fast-growing engineering adhesives markets, state-of-the-art manufacturing facilities, and strong product and technology development capabilities.
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