Chemicals - Commodity
Jabil Circuit Inc Completes Acquisition Of Nypro Inc
Jabil Circuit Inc announced that it affirmed it has completed its acquisition of Nypro Inc, a provider of manufactured precision plastic products for customers in the Healthcare, Packaging and Consumer Electronics industries. The definitive agreement was announced on February 4, 2013. The combined entity of Jabil and Nypro is expected to bolster their position in key markets, such as healthcare and expand the market in packaging for customers in the food and beverage, household and personal care industries. The Consumer Electronics portion of Nypro`s business will be integrated into Jabil`s Materials Technology Services. Approximately 10,000 Nypro employees will become Jabil employees. The Nypro trade name will be retained and used to jointly market services to customers in the healthcare and packaging markets for Jabil. The united team will work together to jointly market their integrated services. The acquisition purchase price was $665 million, funded from Jabil`s existing cash and credit facilities. Jabil has indicated that the transaction is expected to be accretive to earnings per share in its fiscal 2014, which begins September 1, 2013. J.P. Morgan acted as the exclusive financial advisor to Jabil in this transaction, and Holland & Knight LLP acted as Jabil's legal counsel in this transaction.
Koninklijke DSM NV Acquires Unitech Industries Limited
Koninklijke DSM NV announced it has acquired Unitech Industries Limited (Unitech), a New Zealand-based producer of nutritional products for both human and animal markets. Financial details were not disclosed.
Mitsui Chemicals Inc Completes Acquisition of Heraeus Dental Business from Heraeus Holding GmbH
Mitsui Chemicals Inc announced that it has completed the acquisition of Heraeus Dental Business, including shares of 17 companies and assets of nine companies, comprised of Heraeus Kulzer GmbH and 13 other Europe-based companies, Heraeus Kulzer LLC and two other America-based companies, as well as Heraeus Kulzer Japan Co.Ltd. and eight other Asia-Oceania-based companies, from Heraeus Holding GmbH for EUR 450 million, effective June 30, 2013.
Metafraks OAO Closes Deal to Buy Dynea Austria GmbH-Interfax
Interfax reported that Metafraks OAO has closed a deal to buy 100% of formaldehyde and synthetic resin producer Dynea Austria GmbH from Dynea Chemicals Oy, Metafrax chairman Mr. Armen Garslyan told reporters. The deal was closed on June 26. Mr. Garslyan did not specify the price. He said a program for the development of the Austrian company will be drafted by November. Following the completion of all corporate procedures, the acquired company will be renamed Metadynea Austria. Mr. Ralf Teuer, a veteran of the Dynea group, has been appointed chief executive of the company.
TAIYO NIPPON SANSO CORP Announces Changes of Subsidiary
TAIYO NIPPON SANSO CORP announced that it has acquired 101,599,117 shares (73.23% stake) of Vietnam Japan Gas Co.,Ltd., which engages in the manufacturing and sale of gas for industrial use, on January 2, 2013, and made Vietnam Japan Gas as a subsidiary of the Company.
Sherwin-Williams Co Enters Into Definitive Stock Purchase Agreement With Consorcio Comex, S.A. de C.V. And Conaxe, S. A. de C. V-Form 8-K
Sherwin-Williams Co reported in its Form 8-K that the Company and Sherwin-Williams (Caribbean) N.V., a wholly owned subsidiary of the Company (collectively, Sherwin-Williams), entered into a definitive Stock Purchase Agreement on November 9, 2012, to purchase all of the issued and outstanding shares of Consorcio Comex, S.A. de C.V. and Conaxe, S. A. de C. V. from affiliates of the Achar family (the Sellers). Under the terms of the Purchase Agreement, the Purchase Agreement could be terminated by either Sherwin-Williams or the Sellers if the closing of the sale had not occurred by June 30, 2013. On June 24, 2013, Sherwin-Williams and the Sellers amended the Purchase Agreement to extend the End Date to August 31, 2013.
Novozymes A/S to Acquire TJ Technologies Inc.-DJ
Dow Jones reported that Novozymes A/S has agreed to acquire United States-based bioyield enhancer company TJ Technologies Inc. Through the acquisition the Company aims to expand its position within sustainable bioagricultural solutions. Financial details were not disclosed.
Praxair Inc Acquires Volgograd Oxygen Factory
Praxair Inc announced that it has acquired Volgograd Oxygen Factory (VOF), a producer and distributor of industrial gases in southern Russia, significantly strengthening the Company`s merchant liquid and packaged gas business in this key region. Financial terms of the transaction were not disclosed. This is the latest in a series of investments in Russia that expands Praxair`s production and distribution capacity. VOF is an established leader in the Volgograd region, serving more than two thousand customers in a variety of industries including steel, aerospace, healthcare and food and beverage. Praxair has invested in four other projects in Russia, with combined production capacity greater than 3,500 tons per day of gaseous and liquid oxygen, nitrogen, hydrogen and argon. In addition, the Company acquired Volzhsky Azot in 2012, which included two air separation units and a bulk and packaged gas business located in the Volgograd region.
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Analyst Research
| Report Title | Price |
|---|---|
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Provider: Edison Investment Research
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$10.00
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Provider: Edison Investment Research
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$10.00
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Provider: Edison Investment Research
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$10.00
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Provider: Bohai Securities Co.,Ltd.
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$23.00
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Provider: GlobalData
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$125.00
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