What are the major moves of international chemical giants such as Arkema, Trinseo, PPG, and FPlow?

Recently, many leading global chemical giants have acquired and reorganized, such as Arkema's acquisition of polymer recycling company Agiplast; Trinseo's $491 million sale of synthetic rubber business; PPG completed the acquisition of German automotive coatings company Wörwag; American well-known catalyst company Unicat acquisition British counterpart Magma; American Prince acquired specialty chemicals company Flow for US$2.1 billion.

Arkema acquires polymer recycling company Agiplast
On May 25, 2021, France-based Arkema is planning to acquire Agiplast, a company specializing in high-performance polymer recycling and its historical partners in the recycling business. The transaction is expected to be completed in June 2021.
In October 2019, Arkema, a global leader in bio-based high-performance polymers, has launched the Virtucycle together with Agiplast, aiming to develop a recycling system for collecting and regenerating high-performance polymers while reducing CO2 emissions. Minimize. Through this acquisition, Arkema will become the first fully integrated high-performance polymer manufacturer that provides both bio-based materials and recycled materials to meet the challenges of resource shortages and end-of-life products. Therefore, this acquisition is in line with Arkema's corporate social responsibility and sustainable growth strategy.

Agiplast

Agiplast has annual sales of approximately 15 million euros and has a factory in Italy with 32 employees.

Agiplast is a leader in the regeneration of high-performance polymers, especially specialty polyamides and fluoropolymers. In addition, Arkema will be able to provide customers with comprehensive material circularity services to meet the growing market expectations in this field. Has been actively pursuing its sustainable growth strategy in the polymer industry, and the planned acquisition of Agiplast fits this strategy.

Arkema
Founded in 2004 and headquartered in Paris, France, Arkema is a world-leading specialty chemical manufacturer. The group has three business divisions: high-performance materials, industrial specialty products, and coating solutions. Each business division has four business units. Among Arkema's business areas, 90% of its sales are in a leading position globally, and industry units including specialty polyamides, fluorine gases, PVDF, and vulcanizers rank first in the world. Arkema's products are used in a very wide and diverse end market, including automobiles, electronics, transportation, cosmetics, luxury goods, sports and other industries.

Trinseo sells synthetic rubber business for US$491 million
On May 21, 2021, Trinseo announced that it had reached a final agreement with Synthos to sell its synthetic rubber business for US$491 million. Trinseo's synthetic rubber business in Schkopau, Germany, will be transferred to Synthos SA and its subsidiaries for a price of approximately US$491 million. After deducting related costs, the net cash income is expected to be approximately US$400 million.

The transaction is subject to customary closing conditions and regulatory approvals, and is expected to be completed in 2022. Once the transaction is completed, approximately 440 employees in the business, most of whom are located in Schkobau, Germany, will join Synthos as a result. The transaction also includes the transfer of related manufacturing and R&D facilities in Schkebau, Germany, and related intellectual property rights.

It is reported that Trinseo is transforming and is committed to becoming a provider of high-margin, low-cycle specialty materials and sustainable solutions. In this transformation strategy, the best way is to focus on the growth of engineering materials and CASE applications. On May 3, 2021, Trinseo announced that it has officially completed all procedures for the acquisition of Arkema's PMMA business. This acquisition is a catalyst for Trinseo's transformation. In December 2020, Trinseo announced the acquisition of Arkema's PMMA business for 1.137 billion euros. This reformative transaction, which lasted for half a year, will accelerate Trinseo's global engineering The growth of the materials business will bring about US$50 million in annual synergies. In this acquisition, Trinseo added seven PMMA and MMA product manufacturing plants and three R&D centers in Europe and North America.

Trinseo
Trinseo is a leading global materials company with a unique product portfolio: plastics, latex and rubber.

PPG completes acquisition of German automotive coatings company Wörwag

Recently, PPG announced that it has completed the acquisition of Wörwag. Rebecca Liebert, Executive Vice President of PPG, said: "The acquisition of Wörwag is another step in PPG's strategic growth plan, which will provide more value to our customers and shareholders. Both companies have a long history of providing high-quality and sustainable solutions. History. Wörwag's customer and product footprint, sustainability focus and customer-centric approach are highly complementary to PPG's business. We look forward to serving PPG and Wörwag customers in new ways and continue to develop industry-leading automotive coating products combination."

The acquisition will strengthen PPG's water-based, direct metal, liquid and powder coating product segments, and enable PPG to further expand its regional business scope and product range.

Since 2020, PPG has frequently initiated acquisitions. Including but not limited to the acquisition of paint companies Ennis-Flint, Whitford Worldwide, Hemmelrath, Dexmet, Indian Chimica Reggiana, Alpha Coating Technologies, LLC and Cetelon.

In PPG's growth strategy, a very important part is to achieve growth through acquisitions. Huizheng Information noticed that in the past ten years, PPG has successfully completed more than 50 acquisitions, and this data is still growing.

In fact, PPG's successive acquisitions are just a microcosm of the integration of the entire coatings industry. Under the promotion of the trend of industrial concentration, mergers and acquisitions between enterprises will continue and may intensify.

Financially, PPG achieved net sales of approximately US$3.9 billion in the first quarter of 2021, an increase of approximately 15% over the same period last year. Sales prices increased by nearly 2% year-on-year, and total sales increased by about 7% year-on-year. The positive impact of foreign exchange gains on net sales over the same period of last year was more than 3%, equivalent to 110 million U.S. dollars. The acquisition of related businesses contributed nearly 3% to sales growth. Achieved a net profit of 378 million U.S. dollars, equivalent to a diluted share of 1.58 U.S. dollars. The adjusted net profit was USD 450 million, which is equivalent to USD 1.88 per diluted share.

Wörwag

Wörwag is a global manufacturer of coatings for industrial and automotive applications. Wörwag specializes in the development of sustainable liquid, powder and film coatings and has offices in Germany, the United States, China, South Africa, Mexico, Spain, Switzerland and Poland. Its headquarters are in Stuttgart, Germany. Wörwag was founded in 1918 and has approximately 1,100 employees worldwide.

About PPG

PPG has been committed to developing and providing trustworthy paints, coatings and specialty materials for customers for more than 135 years. Upholding the spirit of dedication and innovation, PPG helps customers deal with all kinds of severe challenges and jointly promote the progress of the industry. PPG is headquartered in Pittsburgh, USA, with operations and R&D institutions in more than 70 countries around the world. As of 2020, PPG's net sales reached US$13.8 billion. PPG provides high value-added products and services to customers in the fields of construction, consumer goods, industry, transportation and other fields and their after-sales markets.

U.S. well-known catalyst company Unicat acquires British counterpart Magma
Recently, the US Unicat Catalyst Technology Company announced the acquisition of the British counterpart Magma Group. The two parties will achieve a strong alliance, jointly integrate global catalyst resources, and promote the innovation and upgrading of the industrial chain supply chain of the catalyst industry.

Magma CEO and founder Mark Stuckey (Mark Stuckey) will be responsible for the company's expanded business after mergers and acquisitions, and Unicat co-founder Mani Erfan will continue to serve as chief technology officer. Mani Evan stated that Magma's pioneering catalyst technology will provide our global customers with better energy efficiency and yield gains. This merger and acquisition will help expand the realization of existing partners among enterprises, and realize the optimization and improvement of products and manufacturing capabilities. Eric Liu, the co-founder and global chief supply chain officer of Unicat, said that combining Magma's catalyst production technology with Unicat's product portfolio and sales network can promote the growth of the catalyst business in the United States and the world, and will provide Chinese counterparts and users Provide better service. Mark Starkey said that Unicat is an expert in the development and sales of innovative catalyst solutions. He is very happy to work with the Unicat team. This acquisition will bring more opportunities to customers and employees.

Magma
Magma was founded in 2009 and is located in the northern part of the UK. It is the world's leading provider of ceramics and catalyst technology and services. The company has 4 UK factories and 1 Vietnam manufacturing plant, and has built a fully equipped catalyst research and development center in the UK. The company has successfully developed and commercialized catalyst manufacturing and application technology, and is in a leading position in the hydrogen and ammonia production industries.

U.S. Unicat Catalyst Technology Company
Unicat was founded in 2000 and is the world's leading provider of heterogeneous catalyst products and related services. Headquartered in Alvin, Texas, in addition to the Texas factory, the company also has branches in South America, Europe, Asia and the Middle East. Mainly produce desulfurizers, shift catalysts, methanation catalysts and PSA adsorbents. The combined company will jointly provide global innovative catalysts and ceramic products and services for the refineries, synthesis gas, chemical, steel, agriculture and green energy industries. The company has more than 200 unique catalyst products and is committed to providing innovative solutions and on-site technical support to customers around the world
U.S. Prince acquires specialty chemicals company Flow for US$2.1 billion
On May 11, 2021, Prince International of the United States announced that it would acquire the fine chemical giant Ferro for US$22 per share in cash, with a transaction value of approximately US$2.1 billion (approximately RMB 13.55 billion). ).

Prince said that after the completion of the acquisition, Flow will merge with Chromaflo Technologies, a colorant technology solution provider. The merger will bring about diversified businesses worldwide, with sales of approximately US$2 billion. The transaction is expected to be completed in the first quarter of 2022, subject to the approval of Flow’s shareholders and the approval of relevant regulatory agencies.

Prince International Corporation

Prince is a manufacturer of specialty chemicals, minerals and industrial additives, employing approximately 1,200 employees in 21 factories on 6 continents.

Flow Group

Flow Company is a supplier of technical functional coatings and color solutions. In the form of special pigments and colorants, it provides functional coatings for glass, metal, ceramics and other substrates, which are widely used in industrial and application fields. It has approximately 3,700 employees worldwide and sales of 959 million U.S. dollars in 2020.