Volume 49, Issue 7 - July 2014

Mergers&Acquisitions


Kuraray Finalizes DuPont Glass Laminating Solutions Acquisition

Japanese chemical manufacturer Kuraray has acquired DuPont Glass Laminating Solutions/Vinyls (GLS/Vinyls), a segment of DuPont Packaging and Industrial Polymers.

According to the announcement, the $543-million acquisition allows Kuraray to expand its technical and operational strength in the areas of technology, research and development, manufacturing and sales network. In addition, it notes that the purchase also offers Kuraray an integrated supply chain, presence in six new markets worldwide and increased availability of resources.

“These increased capacities allow us to better meet the huge demand of current customers and acquire new ones, ultimately laying the groundwork for Kuraray to advance our goal of transforming into a global and integrated vinyl acetate company,” says Keiji Murakami, president of Kuraray’s Vinyl Acetate Company.

As part of the acquisition, the U.S. division of Kuraray will operate GLS/Vinyls’ locations in Fayetteville, N.C., Washington Works, W. Va., and Wilmington, Del., employing 350 of the 600 former GLS/Vinyls’ employees.

Argotec LLC Acquires
Stevens Urethane Stevens Urethane, of Easthampton, Mass., is now part of Argotec LLC, a Greenfield, Mass.-based producer of high performance thermoplastic polyurethane (TPU) film and sheet for the international specialty films industry.

“The two companies are an ideal fit,” says Argotec president and CEO Guy Broadbent. “Our specialty is aliphatic polyurethane film and sheet. Stevens is very good at extruding aromatic TPU film and sheet.”

Broadbent says that once the two companies are fully integrated, Argotec will have the necessary technical and manufacturing resources to meet demand for both of the products.

Chemetall Acquires SaberPack Glass Protection Business
Chemetall US Inc., a branch of the Frankfurt, Germany-based global surface treatment company Chemetall, acquired certain business assets of SaberPack, a glass surface protection company based in Lino Lakes, Minn. “The SaberPack acquisition is in line with our strategic goal to enlarge, strengthen and grow our glass business globally,” says Chemetall president Joris Merckx.”

Senior vice president of corporate strategy and business development Kurt Wenze adds that SaberPack, which already works with float glass, coated glass, solar glass and specialty glass manufacturers worldwide, “is a perfect fit for us to extend our broad range of high-tech protection materials and to further expand our regional presence in North America and abroad.” The acquisition was completed in April.

 


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