2:26 min Markets and Management, Management
Acquisition

Clariant completes its divestment program by reaching agreement to divest its Pigments business

Definitive agreements signed by a consortium of Heubach Group and SK Capital Partners to acquire Clariant’s Pigments business Enterprise Value of CHF 805 million to CHF 855 million, representing a 10.7x to 11.4x stand-alone adjusted EBITDA multiple per April 2021 (LTM) depending ...
0:56 min Markets and Management, Management
Expansion

Indorama Ventures drives innovation with new IOD research center at The Woodlands, Texas

Indorama Ventures Public Company Limited (IVL), a global petrochemical producer, has started developing a new technology center under its Integrated Oxides & Derivatives (IOD) business at The Woodlands, Texas. The new facility will be the company’s U.S. research and development ...
1:22 min Markets and Management, Management
PET Recycling

Veolia opens the first recycling plant for PET returnable bottles in Norway

On 9 June 2021, Veolia opened the first recycling plant in Norway for returnable PET bottles. "The system shows that we are at the forefront of the world, and I am looking forward to further steps towards the circular economy," said Finance Minister Sanner, praising the system after ...
1:46 min Markets and Management, Management
Growth

Penn Color explores expansion opportunities in Asia

Penn Color, Inc., has announced plans to increase its presence in Asia. The decision is based on its strategy to support global customers around the world, and bring the “Penn Color experience” and Penn Color products to the region.
1:17 min Markets and Management, Management
US PET Recycling

The Sterling Group forms new PET recycling platform, Evergreen

Carves out Evergreen Recycling from Greenbridge Packaging and acquires CarbonLITE's ...
1:16 min Markets and Management, Management
Appointment

Chroma Color is pleased to announce Wayne Comeau, Bob Mann and Tony Tanner have joined the sales team

Chroma Color Corporation, a leading specialty color and additive concentrate supplier in the plastics marketplace with an extensive manufacturing footprint throughout the United States, is pleased to announce Wayne Comeau, Bob Mann and Tony Tanner have joined the sales team.
2:35 min Markets and Management, Facts & Figures
Acquisition

Carbios strengthens its position in polymer biodegradation technologies with acquisition

Under the terms of the shareholders pact (1), Carbios acquisition of the SPI Fund’s stake in Carbiolice took place on June 3rd, 2021, for €17.9 million, closing five years of collaboration with the SPI Fund operated by Bpifrance Investissement By holding 100% of Carbiolice’s ...
0:38 min Markets and Management, Management
Management

PET Engineering and COMEP become Competek

COMPETEK-Sustainable Packaging Solutions is the new player in the international packaging industry. Born from the synergy between PET Engineering and COMEP, aiming to provide Food, Beverage and homecare packaging manufacturers with a sustainable and efficient product line.
0:58 min Markets and Management, Management
Acquistion

Evergreen to acquire CarbonLite’s PET recycling facility in Riverside, California

Evergreen, the PET recycling division of Greenbridge, has announced its intent to acquire CarbonLite’s PET recycling facility in Riverside, California, in a deal that will significantly enhance the company’s position as a leading PET recycler and manufacturer of food-grade RPET. The ...
1:15 min Markets and Management, Management
Appointment

Avient hires Dr. Vinod Purayath as Chief Technology Officer

Avient Corporation, a leading provider of specialized and sustainable material solutions, has announced that Dr. Vinod Purayath has joined the company as Senior Vice President and Chief Technology Officer.