news
Sun Chemical acquires metallic effects supplier Benda-Lutz
Sun Chemical and its parent company, DIC, have completed the purchase of Benda-Lutz Werke, a leading manufac- turer of metallic effect products based in Austria.
The acquisition means that Sun
Chemical will gain production facilities in Austria, Poland, Russia and the US to accompany its existing aluminium pigment manufacturing site in China. They will be combined to create a new global Metallics Business Unit “This acquisition of Benda-Lutz will
enable Sun Chemical to further expand our metallic effects offerings to our core coatings, plastics and graphic arts markets, while accelerating growth in
future strategic areas such as special- ties, cosmetics and electronics,” said Myron Petruch, president of Sun Chemical Performance Pigments and Electronic Materials. “As a 102-year-old family business, Benda-Lutz has rapidly grown over the last 25 years from a European to a global provider, and we look forward to leveraging Sun Chemical and DIC’s capabilities to grow Benda-Lutz’s unique products and technologies in the marketplace,” added Martin Lutz, managing director of Benda-Lutz Werke. ❙
www.sunchemical.com ❙
www.benda-lutz.com
Sun Chemical’s acquisition of Benda-Lutz will expand its metallic effects range for plastics
Georgia Gulf plans PPG deal
PPG plans to separate its commodity chemicals business and merge it with Georgia Gulf.
Schulman’s new corporate headquarters will include its Product Technology Center
Schulman begins construction of new headquarters building
A Schulman has broken ground for its new corporate headquarters in Fairlawn, a suburb of Akron, Ohio, USA. The new building, which is due to be completed in 2013, is just two miles from the company’s current HQ.
The 34,000 ft2 (3,200 m2 )
facility will accommodate approximately 130 employees.
10
Akron area staff are going to be consolidated into the one location and the company’s Product Technology Center will also be relocated as part of the move. “We are excited to move to a
new building that will more efficiently accommodate all of our corporate staff and will serve as our US headquar-
COMPOUNDING WORLD | August 2012
ters,” said Joseph Gingo, Schulman’s chairman, president and CEO. “We are thrilled that we will be able to remain in Fairlawn. Our new headquarters will serve as our global base to support the strategic expansion of our business in markets around the world.” ❙
www.aschulman.com
The US$2.1 billion
transaction, which will double the size of Georgia Gulf, is expected to be completed in late 2012 or early 2013. Georgia Gulf is a major North American producer of chlorovinyls and aromatics, as well as a leading PVC compounder. PPG’s commodity chemicals business includes chlorine production, which will provide Georgia Gulf with additional feedstocks for its PVC production. ❙
www.ggc.com
www.compoundingworld.com
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