- March 10, 2022
- Posted by: admin
- Category: News & Atricles
Merger and acquisitions of the Paint Industry 2021
Paints and coatings are one of the best ways to represent our beautiful, colorful, and protective life in nature. With the onset of 2022, some names are changed due to major acquisitions.
The New Year is an efflux of positivity and motivation in life and business with a lot of learning and learning after covid19 pandemic 2020. The significant wave of covid19 is different in some countries and with different consecutive mutants.
The years 2020 and 2021 provided multiple opportunities for significant players in the coatings and coatings sector to be strategically acquired by targeted companies. These acquisitions were focused on increasing market share and product range or technological expertise.
Here are the notable Merger and Acquisition activities or the news shared by companies in the coatings and coatings industry in 2021:
March 2, 2021: AkzoNobel announces that it has completed the acquisition of a 100% stake in Industrias Titan S.A.U. (Titan Paints, the most famous brand in Spain), consolidating its business paint and the company’s presence in Spain. This acquisition has added three more production sites and seven decorative paint logistics and service centers to AkzoNobel.
April 1, 2021: Covestro announces successful acquisition of Plastics and Functional Materials (RFM) from Dutch company Royal DSM. This acquisition will increase the group’s revenue by approximately €1 billion and add more than 20 locations to the group’s global production network.
April 19, 2021: PPG announces the acquisition of Cetelon Lackfabrik GmbH, a manufacturer of automotive and light truck wheel coatings with significant proprietary technologies.
April 30, 2021: Hexion Inc. announced the sale of its European-based Phenolic Resin, Hexamine, and Forest Products businesses for approximately $425 million to Black Diamond and Investindustrial. The consideration includes $335 million in cash and certain liabilities assumed, with the remainder being future revenue based on operating results.
May 11, 2021: Hempel announces that it has agreed to acquire Farrow & Ball, an iconic luxury wallpaper and decorative coatings company with more than 100 million euros annual sales.
May 17, 2021: PPG announces that it has completed the acquisition of Wörwag, headquartered in Stuttgart, Germany, with a presence in Germany, the United States, and five other major countries. Wörwag is a global coatings manufacturer for industrial and automotive applications, specializing in developing durable liquid, powder, and film products.
May 19, 2021: Ferro Corporation, a leading global supplier of technology-based functional coatings and color solutions, signed a definitive agreement to be acquired by Prince International Corp., a company parent company of American Securities LLC, acquired in all-cash for $22.00 per share in cash, valued at approximately $2.1 billion. Following regulatory rules, the transaction will close in the first quarter of 2022
May 19, 2021: IMCD N.V., a leading distributor of specialty chemicals and ingredients, announces the acquisition of Andes Chemical Corp., a supplier of specialty chemicals throughout Latin America. This acquisition marks IMCD’s new presence in the Central American and Peruvian markets and further expands its presence in Latin America and the Caribbean.
May 27, 2021: Funds advised by SK Capital Partners LP, a private equity firm, have announced the acquisition of Canadian Coatings Company Canlak Inc. and Valentus Specialty Chemicals based in the United States. SK Capital plans to merge the two businesses to form a North American wood coating company called Canlak Coatings, headquarters in North Brunswick, New Jersey. The combined company will have a range of technologies, including traditional lacquers and varnishes, water-based coatings, UV-cured coating systems, and high-performance polyurethane.
June 1, 2021: As part of an ambitious investment growth strategy, Hempel announced that it had acquired groundbreaking coating technology developed by Das Lack Enertherm (DLE) to develop and launch coatings with insulation properties next year.
June 3, 2021: coatmaster AG, a leader in coating thickness measurement technology, has announced the acquisition of CoatChecker GmbH, a specialist in non-destructive measurement of sealants. This acquisition will benefit both the company and its customers by offering a wide range of non-contact coating thickness measurement technologies within a portfolio.
June 4, 2021: Protech Corporation announced that it had reached an agreement to acquire the liquid coatings business of Excalibur Paints & Coatings Ltd, the development and manufacturing of a protective coating company, based headquarters in Wichita Falls, Texas, USA-United.
June 7, 2021: RPM International Inc. announced that its subsidiary Carboline had acquired Dudick Inc., a supplier of high-performance pads, floor systems, and tank pads, headquartered in Streetsboro, Ohio, with annual net sales of up to about 10 million USD.
June 10, 2021: PPG announced that it had completed the acquisition of all shares of Tikkurila, a leading Nordic paint company. Tikkurila shareholders received EUR 34.00 in cash for each of the 38,711,646 million shares of Tikkurila tendered, in addition to previously purchased shares, which now represent 97.1% of the issued and outstanding shares. The practice of Tikkurila.
June 14, 2021: The Heubach Group, one of the world’s leading manufacturers of organic, inorganic, and non-toxic anti-corrosion pigments, in partnership with SK Capital Partners, announces that it has signed a definitive agreement to acquire Clariant’s Pigments business that will operate under the Heubach name. It will generate more than 900 million euros in annual revenue. As part of the transaction, Clariant will reinvest a minority stake in the combined business, demonstrating an ongoing commitment to the success of Clariant Pigments and the significant growth opportunities of the combination with the partnership. Heubach.
June 29, 2021: AkzoNobel announces acquisition of Colombian coatings and coatings company Grupo Orbis. This acquisition will strengthen AkzoNobel’s market position in South and Central America as a growth and deployment strategy. The transaction will include the paints and coatings businesses Pintuco, Andercol and Poliquim (plastics), and Mundial (distribution and services) currently present in ten countries in South America, Central America, and the Caribbean.
June 30, 2021: DIC Corporation announces that it has completed the acquisition of BASF’s global pigment business, known as BASF Colors & Effects (BCE). The acquisition will expand the pigment product portfolio to a broader range of applications, including electronic displays, cosmetics, coatings, inks, plastics, specialized applications, and other versatile solutions. It will also add value to their technologies, services, and market presence worldwide.
July 13, 2021: PTTGC International (Netherlands) B.V., a wholly-owned subsidiary of PTT Global Chemical Public Company Limited, announced that it has signed an agreement with Allnex Holdings S.à.r.l and Allnex S.à.r.l, to acquire industrial coating resins producer Allnex Holding GmbH. This acquisition will be a steppingstone for GC Group to diversify its business portfolio into specialty chemicals. Further, attaining a leading position in the chemicals business by combining environmentally-friendly innovations with advanced technologies and strengthening allnex`s presence in the Asia Pacific.
August 2, 2021: DCL Corporation, a leading manufacturer of color pigments and dispersions for the coatings, plastics, and ink industries and a H.I.G. Capital portfolio company acquired Sun Chemical`s manufacturing facility (production and sales of the perylene and quinacridone specialty pigment product portfolios, along with select other specialty products) in Goose Creek, South Carolina.
August 3, 2021: Epolin, a division of Chroma Color Corporation and one of the leading manufacturers of near-infrared absorbing dyes and thermoplastic compounds, announced the acquisition of Adam Gates & Company LLC, a manufacturer of fine and specialty chemicals concentrating infrared absorbing dyes.
August 19, 2021: With a strategic opportunity to expand its industrial coatings business in Europe, The Sherwin-Williams Co., the world’s largest paint and coatings manufacturer, announces that it has signed an agreement to acquire Sika AG’s industrial coatings business. The transaction is expected to close in early 2022. The transaction will include the European industrial coatings business with its central location and manufacturing plant in Vaihingen, Germany. The product line includes anti-corrosion and fire-resistant coatings mainly sold in Germany, Switzerland, Poland, and Austria.
August 21, 2021: As a strategic acquisition, Richard Baker Harrison Ltd (RBH), a leading supplier of specialty functional materials, additives, and chemicals to the polymers and industries related, announced the acquisition of Dunwood Polymers, creating a new independent company, Dunwood Specialties Limited (DSL). The newly independent company DSL will distribute product lines of water-based dispersing polymers and high-performance materials for adhesives/sealants, build, coating, and agricultural fields.
August 31, 2021: Fenix Corporation, a leader in high-performance specialty coatings and a decorative and concrete solutions provider, announces that it has acquired the majority of its assets. Business of TCI Coatings, Lubbock, Texas, and a leader in specialty and high-performance coatings for industrial applications, is the 6th strongest brand in their portfolio. This strategic acquisition by TCI will significantly expand its quality product line with a strong brand presence, increase its customer base, and its manufacturing and warehousing footprint in a region with growth potential for the market. Industry and OEM.
September 7, 2021: RPM International Inc., an international player in the dedicated coating, glue, construction materials, and related services, announced that they had completed a mechanical Chemical production department is 178 000 000. 120 Championx Corsicana, Texas models. Society. This setting will be used for some opportunities to expand their high-end product lines, and it will be exploited by REMCO REMCO construction group.
September 2021: Axalta coating system, one of the leading manufacturers and suppliers of liquid coatings and powder worldwide, announced that it had completed the acquisition of Upol Holdings Limited. In advance, this was announced to obtain LLP graphite capital and other valuable people worth £ 428 million (about 590 million USD) in July 2021. This acquisition will significantly expand the company’s global presence by adding a range of products, increasing customer facilities in coatings and accessories mainly for the automotive spare parts market, and supporting a broader growth strategy.
October 13, 2021: As a strategic acquisition, Richard Baker Harrison Ltd (RBH), a leading supplier of functional materials and additives, announced Geniechem Ltd Private & Geniechem (Europe) Ltd. It will be an independent member of the RBH team and add expertise in the case and general industries to the RBH product list.
October 26, 2021: As a strategic gesture, the foremost manufacturer of high-end protective coating and protective coating, TNEMEC Company Inc., bought Epoxytec International, Inc., a paint manufacturer Defense and creative structure class.
It will lead to expansion in the product line and high-performance technologies. Moreover, adding the customer base of epoxy technologies, coatings, lining for industrial construction and maintenance and country customers, wastewater treatment facilities, exploitation, energy, oil and gas, marine, and more.
November 2021: Ask the Group Chemicals (a supplier of industrial plastic and industrial materials and industrial materials mainly used in the production of abrasives, bearing materials, Fire, impregnation, coating, insulation, and composite materials) have completed the acquisition of industrial plastic websites and production sites related to Rio Claro (Brazil), Ranjangaon (India) and Johannesburg (South Africa), as well as the approved technology and the Global Insurance Amount Agreement, previously announced to sign the agreement in July 2021.
November 24, 2021: Westlake Chemical Corporation, a global manufacturer and petrochemical supplier of polymer and construction products, claim they have entered a definitive agreement to get hexions. Global epoxy business includes basic epoxy and epoxy resin and intermediate product lines for about 1.2 USD lion. This acquisition is expected to complete in the first half of 2022. This acquisition will significantly expand the integrated business by adding a different portfolio of coatings and composites to Wastelake’s core chloro-vinyls business.
December 20, 2021: Hexion Holdings, a global manufacturer of adhesives, coatings, and composites, announces a definitive agreement to acquire affiliates acquired by American Securities LLC for $30/share in cash. Moreover, in November 2021, the company announced the sale of its Epoxy business to Westlake Chemical Corporation, which is pending regulatory approval and other closure conditions. Following the sale of the Epoxy business, the transaction is expected to be complete in the first half of 2022.
December 30, 2021: PTTGC International (Netherlands) BV, a subsidiary 100% owned by PTT Global Chemical Public Company Limited (“GC”), has announced the completion of its acquisition of industrial coated plastic resin manufacturer Allnex Holding GmbH (“allnex”). This acquisition strengthens the company’s leadership position as a global chemical company with expansion to 33 production sites and 23 technology hubs worldwide, including environmentally friendly improvements with advanced technologies.