Company Dynamic

Global private equity firm KKR has agreed to acquire Samhwa Co., a leading South Korean cosmetics packaging manufacturer, from TPG in a transaction valued at 733 billion won (approximately $528 million).

• KKR
• Samhwa

According to multiple media reports citing people familiar with the matter, U.S. energy giant ExxonMobil is in early discussions with advisers about selling part of its chemical assets in the U.K. and Belgium.

• ExxonMobil

American materials technology giant DuPont recently announced that it will sell its aramid business to Arclin, a TJC portfolio company, for a valuation of approximately $1.8 billion.

• DuPont
• Arclin
• aramid

Japanese coatings giant Kansai Paint is raising product prices to cope with mounting cost pressures.

Jotun Coatings has formed a strategic partnership with CSSC Materials South China, a unit of China State Shipbuilding Corporation, to jointly expand industrial coatings business in the South China region.

Germany’s Covestro is making a strategic acquisition to bolster its high-end coatings business.

Specialty chemicals maker Lanxess is cutting costs and capacity after a weak second quarter.

Japan’s Asahi Kasei is significantly boosting output of a critical electronics material amid surging semiconductor demand.

BASF has enacted sweeping strategic changes, simultaneously shedding legacy assets and funneling capital into new growth areas.

Global chemical giant BASF is undergoing major strategic shifts, simultaneously streamlining old businesses while pouring resources into new growth areas.

Chugoku Marine Paints (CMP), a leading industrial coatings producer, has completed its second acquisition this year, aiming to solidify its presence in Europe .

In a sudden development, Yangfan New Material Co. – a Chinese UV-curable coatings leader – disclosed on August 25 that its controlling shareholder and actual controller is under official investigation by local authorities .

On August 25, Avery Dennison – a global materials science and labeling solutions leader – announced it has signed a definitive agreement to acquire Meridian Adhesives Group’s flooring adhesives business in the U.S. for $390 million .

AstraZeneca plans to submit baxdrostat for regulatory review by the end of 2025, aiming for potential approvals in 2026 starting in the U.S. and EU.

On August 18, Qingdao Huaxi New Material Technology Co., Ltd. and Japan’s Inoue Lime Industry Co., Ltd. officially signed a joint venture agreement to establish Qingdao Huaxi Inoue New Material Co., Ltd..

• Qingdao Huaqi
• Inoue

IMCD has signed an agreement to acquire 100% of Tillmanns’ shares.

• IMCD
• Tillmanns

Evonik has inaugurated its new state-of-the-art alkoxide production facility in Jurong Island, Singapore, marking a significant milestone in the company’s global catalyst strategy.

• Evonik

Asahi Kasei, a diversified global manufacturer, will increase production capacity for PIMEL photosensitive polyimide (PSPI) at its facility in Fuji City, Shizuoka Prefecture, Japan.

• Asahi Kasei
• PSPI

dsm-firmenich, a leading innovator in nutrition, health, and beauty, announced the opening of a newly expanded flavors facility in Kerala and the groundbreaking of a state-of-the-art, greenfield Taste manufacturing facility in Gujarat.

• dsm-firmenich

Danish pharma giant Novo Nordisk has confirmed the theft of six batches of its products—including insulin brands Ryzodeg and Fiasp, and weight-loss drug Wegovy—during transit from its Bhiwandi hub to several Indian cities.