The Business previously reported into the
consumer specialties product
line of the Noveon Specialty Chemicals segment.
Closing, which is anticipated in the second quarter
, is subject to
regulatory approvals.com/cgi-bin/prnh/20040113/ASHLANDLOGO)
GM6449G, "Automotive
(Metallic) Panel Bonding Performance Guidelines for
After Market Service Use," details performance
guidelines for structural
adhesives used to bond metal body panels in the automotive aftermarket
.
Panel 60 adhesive is a versatile panel bonding adhesive that can be used
for bonding bare
metal on quarter panels, roof panels, rear body panels and
door skins."
VAE is a key component
in formulating adhesives and sealants, paints and
coatings, and textiles and nonwoven fabrics.
foils metals
Keybanc
Capital Markets advised
Lubrizol on the transaction. Panel 60 adhesive is backed by a lifetime structural
and corrosion
warranty and also has a two-year shelf life.
For more information on the PLIOGRIP
by Valvoline body repair system from
Ashland, please visit http://www. "It's interesting that there
are now two more
big SLP producers potentially on the block, each with different product
ranges
, serving different applications with different regions of focus.wafers sealant
Founded in 1928, Lubrizol has
approximately
7,500 employees worldwide. For more
information, visit http://www. Sun Capital has offices in: Boca
Raton, Florida;
Los Angeles, California; New York, New York; London, U. For more information, visit
http://www. The company
assumes no obligations to update the statements contained in this release
. DUBLIN, Ohio, PLIOGRIP by Valvoline
Panel 60 adhesive, a rubber-toughened epoxy from Ashland
Specialty Chemical, a
division of Ashland Inc.
Ashland Specialty Polymers + Adhesives, a business
group of Ashland
Specialty Chemical, is a global leader in pressure sensitive and structural
adhesives
for packaging and converting, building and construction, and
transportation.sanwa foils
About The
Lubrizol Corporation
The Lubrizol Corporation (NYSE: LZ) is an innovative specialty chemical
company that produces and supplies technologies that improve the quality and
performance of our
customers' products in the global transportation,
industrial and consumer markets. These technologies
include lubricant
additives for engine oils, other transportation-related fluids and industrial
lubricants
, as well as fuel additives for gasoline and diesel fuel. Lubrizol's industry-leading
technologies
in additives, ingredients and compounds enhance the quality,
performance and value of customers'
products, while reducing their
environmental impact.
With headquarters in Wickliffe, Ohio
, The Lubrizol Corporation owns and
operates manufacturing facilities in 20 countries, as well as
sales and
technical offices around the world.0 billion.Kline Analysts: Sale of Air Products Polymers
Would Change Competitive Landscape for SLPs
vermiculite metrology
com.
Panel 60 adhesive also has passed both the
FMVSS 208 frontal offset crash
test and the FMVSS 301 rear-end crash test with adhesives-only repairs
of the
roof panel and rear quarter panel, respectively. This testing demonstrates
that Panel 60
adhesive can stand alone without welds on secondary panel
repairs.
"Air Products
' VAE facilities enjoy economies of scale, but you also have
to evaluate their competitive position
in terms of raw material sources and
against emerging producers in developing regions like Asia,
" adds Yuki Adachi,
director of Kline's Japan branch.felts consumable
The Business' products have
applications
in the following markets: food and beverage; personal care and
intermediates; textiles, paper, tires
and industrial rubber; and adhesives. I have been very pleased with the performance of the
Business
and the strength of the management team over the past 21 months of
Lubrizol's ownership," said James
Hambrick, Lubrizol's chairman, president and
CEO.lubrizol. As a general matter, forward-looking
statements relate to anticipated trends and expectations rather than
historical matters. and Wacker
-Chemie
GmbH -- holds more than 60% of the domestic market, according to SYNTHETIC
LATEX POLYMERS
MARKET ANALYSIS, a series of Kline studies examining global SLP
markets and manufacturing.friction wafers
in June
2004.
Sun Capital Partners, Inc.com.polymers sentor
acquisition; the company's
ability to raise prices in
an environment of increasing raw material prices;
conditions affecting the company's customers, suppliers
and the industries
that it serves; competitors' responses to the company's products; changes in
accounting
, tax or regulatory practices or requirements; and other factors
that are set forth in the company
's most recently filed reports with the
Securities and Exchange Commission.pliogripbyvalvoline. "In
addition to VAE, they'll
also take over Air Products' position in PVAc and vinyl-acetate acrylics
.S.sanwa refractory
The Business consists of a fine chemicals group, a specialty polymers and
additives group
and a performance materials group.klinegroup.sanwa conductive
Revenues for 2005 were $4.
The move by Air Products
to look for a buyer for the polymers business
comes as the company embarks on a plan to enhance its
growth strategy, but CEO
John Jones has said the company will only sell to a buyer who appreciates
the
value of the business."
Kline's SYNTHETIC LATEX POLYMERS MARKET ANALYSIS is a global
series of
regional analyses that examines the current and forecast demand by major
product and
end-use industry, including information on grades, prices,
applications, captive production/consumption
, major customers, distribution
channels, supplier sales, and technical and market trends.wafers hoben
Lubrizol
Sells Food Ingredients and Industrial Specialties Businesses
The purchaser views this as a good
opportunity and expects to add resources to improve and position the business
for long-term growth
.
Combining the innovative technology and engineering of Ashland Specialty
Chemical with Valvoline
's 130 years of experience in the transportation
industry, PLIOGRIP by Valvoline products deliver
better workability, reduced
repair times and superior structural strength to today's body shop
professionals
.
The company announced its intentions last week to explore the possible
sale of its amines
and polymers businesses, and analysts from Kline + Company,
a global business consulting and market
research firm specializing in the
chemicals and materials industries, are calling these businesses
a smart buy
for the right investor. Those based in Europe should
contact Pilar Pardo at +32 2
776 0737 or pilar.com) is an
international business consulting and market research firm serving the
chemicals and polymers, life sciences, consumer products, and petroleum and
energy industries
. This category lists manufacturers and distributors of raw materials.
felts consumable
About Sun Capital Partners
, Inc.newscom.ashspec.com.S.pardo@kline-europe. Some examples are steel, fibers, glass, and plastics
.
metrology biodegradable
Sun Capital affiliates have invested in and managed more than 110
companies worldwide with combined
sales in excess of $27 billion since Sun
Capital's inception in 1995.PLIOGRIP(R) by Valvoline Panel
60 Adhesive Meets GM Specification GM6449G
(NYSE: ASH), was recently recognized by General
Motors
Corporation to meet the aftermarket metal bonding specification
GM6449G.com or call 1-800-PLIOGRIP
. Wacker Polymer Systems is the leading supplier of
redispersible powders, chiefly based on vinyl
acetate, in Western Europe.foils ocl
In
addition, Lubrizol makes ingredients and additives for personal care
products
and pharmaceuticals; specialty materials, including plastics technology;
performance
coatings in the form of specialty resins and additives; and
additives for the food and beverage industry
.suncappart.
This press release contains forward-looking statements within the meaning
of
the federal securities laws.
PLIOGRIP by Valvoline body repair system from Ashland utilizes urethane
,
epoxy and MS Polymer technologies and is currently comprised of 17 core
products segmented into
four groups: SMC Repair, Panel Bonding, Plastic Repair
and Sealers + Foams.com to
learn more about
these operations.
As the largest U.
To subscribe to any of the volumes in these series
, go to
http://www.Materials are the raw stuff used in manufacturing and industry.
additive potters
This is
Lubrizol's fourth and largest divestiture since it announced in
July 2005 its strategy to divest
non-core businesses with combined revenues of
$500 million in order to focus on building its personal
care, performance
coatings, specialty materials and lubricant additives businesses.
"The SLP
industry has gone through significant consolidation within the
last few years," says Morris.vermiculite pulverization
CLEVELAND
, The Lubrizol Corporation
(NYSE: LZ) announced today that it has entered into an agreement to sell
its
food ingredients and industrial specialties businesses (the Business) to an
affiliate of Sun
Capital Partners, Inc. is a leading private investment firm focused on
leveraged buyouts, equity
, debt, and other investments in market-leading
companies that can benefit from its in-house operating
professionals and
experience. Such
uncertainties and factors may cause actual results to differ
materially from
those expressed or implied by forward-looking statements.
"Recognition by
General Motors reinforces that our adhesive technology not
only meets the demands of today's collision
repair professionals, but also
meets the stringent standards established at the OEM level for their
use in
the aftermarket," said Marcello Boldrini, vice president, Ashland Specialty
Chemical, and
general manager, Specialty Polymers + Adhesives. and Europe,
whoever ends up buying the business
will gain a strong foothold in the overall
SLP market," says Gillian Morris, industry manager of
the Chemicals and
Materials Practice for Kline's research division.
Air Products and Chemicals
holds a 65% stake in Air Products Polymers and
a 20% stake in Wacker Polymer Systems; its partner
in both ventures is
German-based Wacker-Chemie.metals powders
(Sun Capital), a private investment
firm with
headquarters in Boca Raton, Florida.
Lubrizol acquired most of the Business with the acquisition
of Noveon
International, Inc. Forward-looking statements are subject to uncertainties
and factors
relating to the company's operations and business environment that
are difficult to predict and may
be beyond the control of the company.
(Logo: http://www. LITTLE FALLS, N. In Europe, Air Products
is the second leading
producer of VAE, with a market share of about 40%, just behind Celanese. and
in Europe, according to Kline.pulverization goodfellow
Ashland Specialty Chemical, a division of Ashland Inc.S. This
follows Celanese's purchase of Clariant's emulsions business
in 2003 and its acquisition of Vinamul
Polymers in February 2005.sanwa nanomaterials
Overall, the VAE market is
forecast to experience above-average
annual growth compared with other SLP
products in both the U.
For more information, contact:
Gillian Morris
Industry Manager, Kline Research
+1-630-761-9587
gillian_morris@klinegroup
.powders felts
To learn more about Ashland, visit http://www. producer of VAE latexes, Air Products Polymers -- a
joint venture between Air Products and Chemicals, Inc.
Meanwhile, PolymerLatex, another global
leader in the SLP market, is also
up for sale.com
sanwa hoben
Included in the sale are six
manufacturing sites: Akron and Cincinnati,
Ohio; Charlotte, North Carolina; Cheyenne, Wyoming; Henry
, Illinois; and
Kalama, Washington. The purchaser intends to retain all of the employees,
numbering
approximately 625, at these locations.com.; and Shenzhen,
China. Uncertainties and
risk factors
that could affect the future performance of the company and cause
results to differ from the forward
-looking statements in this press release
include, but are not limited to, the increased leverage
resulting from the
financing of the Noveon International, Inc. Panel 60 adhesive also is formulated
to be spot-welded, so it may be
used in repairs calling for weld-bonding and may be spot-welded wet
. Visit http://www.
Construction and construction adhesives are the key applications for these
products
in Europe.stain metrology
K.
Ashland Inc., Potential buyers for Air
Products' polymers business could see
themselves leapfrog to the front of the
synthetic latex polymer (SLP) market in both the United States
and Europe with
the purchase of a leading supplier in the vinyl acetate-ethylene (VAE)
business
.com/y529y539.htm or contact Gillian Morris at
+1-630-761-9587 or gillian_morris@klinegroup.
additive foils
The
forward-looking statements contained
herein represent the company's judgment as of the date of this
release and it
cautions readers not to place undue reliance on such statements. (NYSE: ASH) is a
Fortune 500 chemical and transportation
construction company providing products, services and customer
solutions
throughout the world.J.
"With Air Products Polymers' position in VAE in both the
U.com.
Established in 1959, Kline + Company (http://www.pulverization refractory
"This sale will allow the
food ingredients and industrial specialties
businesses to stand on their own and grow through increased
management focus,
capital investments and acquisitions. In June 2004, Lubrizol acquired
Noveon
International, Inc.ashland.hoben ocl
The 2005 sales for the Business were approximately $400 million., is
a leading,
worldwide supplier of specialty chemicals serving industries including
adhesives, automotive
, composites, metal casting, merchant marine, paint,
paper, plastics, watercraft and water treatment
.
A companion series of regional manufacturing cost analyses provides
detailed technology and
production cost structure assessments for four major
latex polymer categories.klinegroup.foils additive
A community sponsored library.
-> Show WiseVault's Web Sites Listing For This Topic
Loading...
(Note: These pages use the Atlas Content Safeguard System (ACSS) and require that Javascript is enabled for viewing.)