Daily Chemical News Recommendation (Apr 04, 2018)

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> Sartomer Partners with Harwick Standard Distribution

Starting April 1, 2018, Sartormer Americas, a business unit of Arkema, expanded its distribution network through a partnership with Harwick Standard Distribution Corp. to market and sell Sartomer specialty (meth)acrylate additives and co-agents into the rubber and elastomer industries in the U.S.

Harwick Standard is already a distributor of Arkema’s Vul-Cup, Di-Cup, and Luperox peroxide cross-linkers and additives into the rubbers market and will add Sartomer’s Saret coagents, MCure resins, and other specialty (meth)acrylates.

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> Chrys Capital to Buy 10% in Mankind for $350 M

India-bred private equity firm Chrys Capital is set to acquire 10 per cent in fast-growing Mankind Pharmaceuticals for $350 million. GIC of Singapore and CPPIB of Canada may co-invest in the deal, likely to be signed this week.

This will mark Chrys Capital’s return to Mankind Pharma, a company it helped build in 2015, it had sold 11 per cent stake in Mankind to another PE firm Capital International for $214 million, making a tenfold return in seven years.

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