AKZO NOBEL SELLS NATIONAL STARCH TO CORN PRODUCTS
HAPPI: July 2010
Akzo Nobel has announced the sale of its National Starch business to Corn Products International. The company will receive $1.3 billion in cash. Based in Westchester, Ill., Corn Products International is a global provider of ingredient solutions for diversified industries.
“I am pleased that we have found a respected company to be the new home of National Starch, where it will once again be a core operation,” said Hans Wijers, AkzoNobel CEO. “This transaction marks the strong focus on our core business and confirms AkzoNobel’s transformation into the world’s largest global coatings and specialty chemicals company. We can look to the future with much confidence as we are well-positioned to capture growth both organically and by selected acquisitions.”
“The acquisition of National Starch represents an exceptional opportunity for Corn Products International and a significant step forward toward achieving our strategic goals,” said Ilene Gordon, chairman, president and CEO of Corn Products International. “The acquisition aligns with our strategic priorities to grow our ingredient portfolio, increase our presence in priority food processing segments, enter new markets, and develop innovative solutions that better serve our customers.”
BRENNTAG OPENS LABORATORY IN USA
SpecialChem: July 2010
Brenntag Specialties is pleased to announce the dedication of a new "ACES" Applications Laboratory in North Wales, PA. Mr. Joe Mulvey, Technical Development Director, will oversee this new facility. The addition of Mr. Yanmin Zhong, PhD, ACES Technical Specialist, provides over 20 years of ACES formulation experience. Mr. Zhong brings with him exceptional skills and knowledge in polymer synthesis and starting formulations.
This new, fully equipped applications laboratory will focus on starting point formulations to provide customers an opportunity to commercialize their product offerings with minimal technical investment on their part. Polymer development will also be accomplished to provide new options to the industry including green resin systems with outstanding properties.
Mr. Joe Mulvey, ACES Technical Development Director, "Our goal is to assist customers in bringing new products to market faster, in response to rapidly changing environmental and consumer needs, and to promote unique, new products from our specialty suppliers. Keys among new products are true Green resins - resins that are renewable in short time spans and therefore sustainable." Examples are resins derived from plant based raw materials, such as rosin esters for coatings and plant based curing agents for water borne coatings, grouts and high performance industrial and automotive coatings. We are also expanding our Water Borne, UV Cure, and Very High Solids product offerings to help minimize or eliminate solvent emissions. We are performing short and long term research and development on traditional resins such as polyesters, acrylates, and epoxies derived from non-traditional green raw materials for coating, adhesive, ink, and elastomer products.
Among the services provided to Brenntag customers are testing for thickness, hardness, chemical resistance, viscosity, dispersion, color, drying, UV and bake curing, gloss, adhesion, and various physical strength tests. Condensation and addition polymerization are also available.
Headquartered in Mülheim an der Ruhr, Germany, Brenntag operates a global network with more than 400 locations in more than 60 countries. In 2009 the company realized global sales of EUR 6.4 billion (USD 8.9 billion) with approximately 11,000 people.