Paint & Coatings Industry - May 2008 - (Page 30)

M ERGERS & ACQUISITIONS Eliokem Acquires Polymer Division of Apar Industries VILLEJUST, France — Eliokem, a global specialty chemical company that is majority-owned by AXA Private Equity, has completed the acquisition of the Polymer division from Apar Industries Ltd., India, for $28 million. The acquisition is part of the company’s expansion strategy in Asia. After the acquisition, Eliokem’s global revenues will reach €200 million for a combined capacity in excess of 100,000 tons of polymer. The plant, located in the petrochemical zone in the western state of Gujarat, complements Eliokem’s offering in nitrile polymers and polyblends styrene butadiene-reinforcing resins and latices for the rubber industry. Eliokem India has 220 employees with a main office in Mumbai and a manufacturing plant and technology Valspar Flooring is Now Sika LYNDHURST, NJ — Sika Corp. has acquired the commercial and industrial polymer flooring business of the Valspar Corp. With an established range of products, people and applicators, the Valspar polymer flooring business complements Sika’s current position in this market. Valspar Flooring’s complete sales and technical support staff have come on board and will remain first points of contact. To ensure a transparent transition, the new Sika Industrial Flooring will continue to offer Valspar Flooring products, gradually consolidating Valspar and Sika solutions into the Sikafloor™ and Sikaguard™ (wall) lines. Though Sika Industrial Flooring will continue offering Flowfresh® products in the short term, it intends to eventually carry only the Sikafloor Purcem® line of urethane concrete floors. center in Valia, in the Gujarat State. The local senior management team will remain unchanged. Olivier Faussadier, Director of Ventures and Technology of Eliokem, will take up the position of Managing Director of Eliokem India. companies in Calgary, Alberta (Far-go Paint Inc.) and Portland, OR (Rodda Paint Co.), operates manufacturing plants in Surrey, Portland, Winnipeg, Edmonton and Calgary. Distribution of architectural and industrial coatings and related products is through 107 corporate branches throughout western Canada and the Pacific Northwest of the United States. Cloverdale intends to operate Guertin as a separate entity with existing management; it will maintain Guertin’s products, distribution, brands and manufacturing facility. Cloverdale Paint Purchases Guertin Coatings, Sealants and Polymers WINNIPEG, Canada — Cloverdale Paint Inc. of Surrey, British Columbia, Canada, has purchased Guertin Coatings, Sealants and Polymers Ltd. Guertin Coatings produces liquid and powder industrial coatings, resins, sealants and adhesives. Cloverdale Paint directly, and through subsidiary Dyneon LLC Acquires Hitech Polymers Inc. ST. PAUL, MN — Dyneon LLC, a 3M company headquartered in Oakdale, MN, has acquired the business of Hitech Polymers Inc., a manufacturer of specialty thermoplastic polymers and provider of toll thermoplastic compounding services based in Hebron, KY. Hitech Polymers brings capabilities in polymer blending, alloying, formulation, ingredient compatibility and reactive polymer processing, which are critical to the process of creating compounds that can be molded into a wide variety of plastic components. Dyneon manufactures high-performance materials in its fluoroplastics, fluoroelastomers and specialty additives product lines. Sherwin-Williams and AB Wilh. Becker Acquire New Businesses ELK GROVE VILLAGE, IL — The Sherwin-Williams Co. has acquired Becker Powder Coatings Inc. in North America, a subsidiary of AB Wilh. Becker based in Sweden. Simultaneously, AB Wilh. Becker has acquired the North American coil coatings business of Sherwin-Williams and related assets. The business will be integrated into Becker Specialty Corp., a Chicago-based subsidiary of AB Wilh. Becker. Becker Specialty Corp. produces custom-formulated coil coatings for metal applications. In addition to Chicago, the company has manufacturing facilities in the Los Angeles metropolitan area. Headquartered in Columbus, OH, Becker Powder Coatings Inc. produces powder coatings applied to appliances, metal furniture, fixtures, equipment and electronic products manufactured throughout North America. 30 MAY 2008 | W W W . P C I M A G . C O M http://WWW.PCIMAG.COM

Table of Contents Feed for the Digital Edition of Paint & Coatings Industry - May 2008

Paint & Coatings Industry - May 2008 Contents Viewpoint Industry News Calendar of Events Company News Mergers and Acquisitions Names in the News Charlotte Dining Guide Exhibits-in-Print Waterborne Alkyds Break Through the Performance Barrier New Matting Agents for Waterborne Coatings and Varnishes Silicon-Based Technology for the Coatings Industry High-Performance Microgrinding The Development of New SMA Esters as Pigment Dispersants for Waterborne Coatings and Inks The Right Choice New Coating Technology Expands Color Choices for Vinyl Building Products BioPreferred Federal Biobased Products-Preferred Procurement Program European Union's REACH Regulation Sustainability - The New Nano Improved Dirt Pickup Resistance Critical to Future Coating Innovation NanoNews Protective Coatings NDT - Energy-Saving Paint Static Electricity - The Hidden Danger in Hazardous Areas Wacker Chemie - A Profile of Success Materials Watch Products and Literature Classifieds Advertiser Index

Paint & Coatings Industry - May 2008

For optimal viewing of this digital publication, please enable JavaScript and then refresh the page. If you would like to try to load the digital publication without using Flash Player detection, please click here.