NEWS
Univar to buy Nexeo; plastics sale on cards
Univar is to acquire US- based distributor Nexeo in a deal valuing the business at around $2bn. It has taken on external advisors to evaluate strategic alternatives for Nexeo’s Plastics business, which may include divesti- ture. That process is expect- ed to be completed alongside the close of the transaction, which is scheduled for Q1 2019. “This transformational
combination is designed to create the premier global chemical and ingredients distributor,” said Univar President and CEO David Jukes. “Together we will drive growth and sharehold- er value with the largest North American sales force
Univar President and CEO David Jukes
in chemical and ingredients distribution, the broadest product offering and the most efficient supply chain network in the industry.” Nexeo’s Plastics business distributes thermoplastic resins and other products to OEMs, moulders and design
firms around the world. It would account for less than 10% of the combined companies’ earnings. Univar, said disposal would be “consistent with its focus on chemicals and ingredients distribution”. The acquisition is subject to the approval of both sets of shareholders and other customary conditions. It includes the assumption of Nexeo’s debt and other obligations. Univar said the deal would be accretive to earnings and cash flow in the first full year post-closing and would generate $100m of run rate cost savings annually by the third year. �
www.univar.com �
www.nexeosolutions.com
Saudi Aramco takes over Arlanxeo
Saudi Aramco is to acquire Lanxess’s stake in Arlanxeo, the 50-50 joint venture in synthetic rubber the two companies founded in 2016. The move should take place by the end of 2018.
Arlanxeo is based in Maastricht in the
Netherlands. It had sales of around €3.2bn in 2017 and employs about 3,800 people at 20 sites in nine countries. It produces high performance rubber for use in automotive, tyres, construction, and oil and gas. �
www.lanxess.com
Ineos joins chemical recycling
ReVital Polymers, Pyrowave and Ineos Styrolution have announced a strategic partnership to recycle post-consumer polysty- rene packaging from North American households and other sources. The move was an- nounced at the recent G7 Ministerial Meeting on Working Together on Climate Change, Oceans & Clean Energy. ReVital Polymers will
install Pyrowave’s catalytic microwave depolymerisa- tion (CMD) technology at its facility in Sarnia, Ontario, Canada. This will convert sorted PS to a liquid containing monomers, which Ineos Styrolution will convert into new PS resin. According to the
partners, the CMD technol- ogy makes PS “infinitely recyclable, even with colour additives and food residue”. �
www.revitalpolymers.com �
https://pyrowave.com �
www.ineos-styrolution.com
PA compound firms head to Pittsburgh
A wide range of PA producers and compounders will meet in Pittsburgh, Pennsylvania, USA, next month for the Performance Polyamides 2018 conference. Organised by AMI, the event takes place on 6-7 November and will build on the considerable success of the European Performance Polyamides conference, which attracted 150 leading industry players to Cologne, Germany last month.
14 COMPOUNDING WORLD | October 2018 Companies that are already signed
up to attend the Pittsburgh conference include AdvanSix, Arkema, Asahi Kasei, DuPont, Evonik, Invista, KWI Polymers, Lanxess, Mitsubishi Gas Chemical, Mitsui Chemicals, NYCOA, RTP and Solvay Engineering Plastics. The two-day conference features 20
expert speakers and will be chaired by Andy Beevers, AMI’s Events and Magazines Director. “This conference is the ideal forum to learn about
exciting developments in high-perfor- mance polyamides that are opening up high-value applications and presenting new opportunities for metal replacement,” he said. For an up-to-date list of attendees
and more information about the event, please contact Emily Renshaw at
emily.renshaw@
ami.international. The conference website including the full programme and online booking is at:
http://bit.ly/PPUSA18
www.compoundingworld.com
PHOTO: UNIVAR
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