NEWS IN BRIEF...
Lanxess is to buy Paris- based Intace, a manufac- turer of speciality fungi- cides for packaging. It will become part of Lanxess’s existing Material Protection Products business.
www.lanxess.com
www.intace.com
The High Performance Polymers division of Radici Group has joined CEFIC sub-group PINFA. PINFA brings together manufac- turers and users of non-halogenated phos- phorus, inorganic and nitrogen flame retardants, to share scientific findings, best practices and other knowledge in the field.
www.radicigroup.com
www.pinfa.eu
Plastics packaging firm Corplex has acquired GeboPlast a recycling company with two sites in France’s Alsace region. GeboPlast has a combined capacity of more than 15,00tpa. The business will be renamed Corplex Recycling.
www.corplex.com
Nexeo Plastics owner to acquire Distrupol
One Rock Capital Partners, the US-based private equity firm which owns Nexeo Plastics, has entered into a definitive agreement to acquire UK-based distribu- tion business Distrupol from Univar Solutions.
Distrupol distributes
resins and provides applica- tion support for customers across Europe. The com- pany claims to supply more than 4,000 different grades to around 1,300 customers
in the consumer, medical, automotive, and electrical sectors, among others. The deal is expected to close in the first half of this year. After that, Distrupol will form part of One Rock’s GPD Companies holding group but will continue to operate as a standalone, independent entity under its current brand identity. Existing management and commercial teams will remain in place.
One Rock acquired
Nexeo Plastics, the plastics distribution business of Nexeo Solutions, in 2019 when Univar acquired the rest of the company. Headquartered in Texas, Nexeo Plastics distributes polymers and prime engineering resins in more than 60 countries across North America, Eu- rope and Asia. �
www.gpdcompanies.com �
www.distrupol.com
Borealis to exit fertilisers to focus on polyolefins and chemicals
Borealis is to sell most of its nitrogen business unit, which manufactures fertilisers and melamine products, to focus on its core activities in polyolefins and base chemicals. The Nitro business, which accounted for around 15% of group sales in 2019, includes fertiliser produc-
tion plants in Austria and France as well as 60 warehouses across Europe (the company’s share in joint venture fertiliser operations in Belgium and the Nether- lands are not included in the disposal plans). It also includes melamine produc- tion units in Austria and Germany.
The company announced the move alongside its 2020 results, which showed total group sales down by 13% to €8.5bn and net profit down by 32% to €589m due to weak Covid demand, reduced oil prices, and a deteriorating fertiliser market. �
www.borealisgroup.com
Recycling compounder demand to double
Demand for twin screw compounding equipment for recycling applications is forecast to more than double over the period from 2020 to 2024, according to AMI’s Global Compounding Machinery Markets 2020 report. Recycling is the fastest
growing application sector for twin screw compounding equipment. More than half of
8
all machines sold into this application in 2020 were sold into China, reflecting the opportunity within the country to ‘upcycle’ low value waste polymer. Measured by value, however, Europe was the largest market due to the preference for higher output equipment. More details about the
new AMI report can be found here.
COMPOUNDING WORLD | February 2021
www.compoundingworld.com
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