TITLE

Americas Watch

AUTHOR(S)
Robinson, Simon
PUB. DATE
May 2006
SOURCE
ICIS Chemical Business;5/22/2006, Vol. 1 Issue 20, p15
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents news briefs related to the petrochemical industry in the Americas as of May 2006. Chemtura has completed the sale of its non-core Industrial Water Additives business to Great Britain investment bank Close Brothers Private Equity (CBPE) for $85 million or €66 million. Hexion Specialty Chemicals reported first quarter operating income up 46% at $110 million.
ACCESSION #
21070708

 

Related Articles

  • Chemtura Sells Water Additives to Private Equity Firm Close Brothers. Walsh, Kerri // Chemical Week;5/24/2006, Vol. 168 Issue 18, p13 

    The article reports that Close Brothers Private Equity has acquired the sales, marketing, technology, and supply chain assets of Chemtura's industrial water additives business. The deal excludes Chemtura's LiquiBrom-brand sodium bromide product line. Proceeds from the sale will be used primarily...

  • Management Team Acquires Warwick International. Alperowicz, Natasha // Chemical Week;9/1/2008, Vol. 170 Issue 27, p17 

    The article reports that Close Brothers Private Equity (CBPE) has backed a management buyout (MBO) of Warwick International from Sequa Corp., in a deal worth £129 million. CBPE invested £55 million in the deal alongside £85 million of senior debt, mezzanine, and working capital...

  • Hexion income takes fall. Kamalick, Joe // ICIS Chemical Business;5/21/2007, Vol. 2 Issue 67, p15 

    The article reports on the decline in the operating income of thermoset-resins maker Hexion Specialty Chemicals, in part because of the cost of feedstock. Hexion said sales-related costs were $1.2bn, up by 16%. Raw material prices make up about 85% of the company's sales-related costs. Hexion's...

  • Improved Volumes Lift Sales at Specialty Chemical Firms. Seewald, Nancy // Chemical Week;5/10/2010, Vol. 172 Issue 11, p9 

    The article reports that the increase in production volumes among specialty chemical companies influence the revenues and operating profits in the chemical industry in the first quarter of 2010. Hexion Specialty Chemicals reported a net loss of seven million U.S. dollars, with an operating...

  • LATE-REPORTING FIRMS POST MIXED RESULTS. Seewald, Nancy // Chemical Week;5/18/2009, Vol. 171 Issue 14, p6 

    The article reports on the financial performance of several chemical companies in the first quarter of 2009. Hexion Specialty Chemicals posted a net income of $116 million and sales of $914 million, down 44 percent, for the period. A net loss of $94 million has been reported by Chemtura,...

  • New faces & names.  // Chemical Market Reporter;5/30/2005, Vol. 267 Issue 22, p28 

    Features the new companies in the chemical industry globally. Headquarters of Hexion Specialty Chemicals Inc. in Ohio; Net income of Innovene in Illinois; Establishment of Chemtura in Connecticut.

  • CBPE Acquires Global Specialty Water Chemical Business.  // Process Cooling & Equipment;Jul/Aug2006, p34 

    The article reports that the industrial water chemicals business of Chemtura Corp. has been acquired to an affiliate of Close Brothers Private Equity Ltd. The business will be renamed BWA Water Additives, which will supply worldwide niche specialty chemicals used in industrial water treatment...

  • IN BRIEF: News Watch.  // Chemical Market Reporter;5/22/2006, Vol. 269 Issue 20, p7 

    The article presents news briefs about the chemical industry for the week ended May 28, 2006. The U.S. House of Representatives maintained a 25-year-old ban on the development of natural gas and oil reserves in U.S. outer continental shelf regions. A coatings plant is being built by DuPont for...

  • Hexion Specialty Chemicals Announces Preliminary First Quarter 2009 Results.  // Paintindia;Apr2009, Vol. 59 Issue 4, p148 

    The article focuses on the preliminary financial results announced by Hexion Specialty Chemicals Inc. for the first quarter ended March 31, 2009. It cites that in the first quarter of 2009, the company hopes to post sales of about $900 million, operating income of $5 million to $15 million and...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics