Spirax-Sarco Engineering plc (Cheltenham, U.K.; www.spiraxsarcoengineering.com) signed an agreement to acquire Chromalox, Inc. (Pittsburgh, Pa.; www.chromalox.com) from Irving Place Capital for a cash-free, debt-free consideration of $415 million (£319 million). Chromalox is a well-established provider of electrical products, systems and…
Covestro AG (Leverkusen, Germany; www.covestro.com) CEO Patrick Thomas has confirmed to the company's Supervisory Board that he will complete his contract as expected on September 30, 2018. Per the Supervisory Board’s succession decision, Patrick Thomas shall be followed as CEO…
ABB (Zurich, Switzerland; www.abb.com) officially inaugurated its new $90-million state-of-the-art Canadian headquarters and Customer Innovation Center, which will serve 700 employees who were previously spread across six locations in Greater Montreal. Campus Montreal houses research and development, manufacturing, assembly and…
Airgas (Radnor, Pa.; www.airgas.com) announced the grand opening of its new air separation unit (ASU) and co-located hydrogen plant in Calvert City, Kentucky with a ribbon cutting ceremony and guided tours of the facility. The new ASU produces liquid oxygen,…
PPG Industries, Inc. (Pittsburgh, Pa.; www.ppg.com) has reached a definitive agreement to sell its remaining fiberglass operations to Nippon Electric Glass Co. (NEG), a leading manufacturer of fiberglass. The transaction is expected to close in the second half of 2017,…
Cabot Corp. (Boston, Mass.; www.cabot-corp.com) has committed to build a new world-class fumed silica plant in Carrollton, Kentucky. The plant will be adjacent to the existing Dow Corning silicone monomer plant in Carrollton and is an extension of Cabot’s long-term relationship…
Oxea GmbH (Monheim am Rhein, Germany; www.oxea-chemicals.com) has successfully concluded a significant upgrade of its carboxylic acids production facility in Oberhausen, Germany. As a result, Oxea has enhanced the production output of short-chain fatty acids (SCFAs), such as propionic acid,…
Air Products (Lehigh Valley, Pa.; www.airproducts.com) has commenced supply of its integrated oxy-fuel solution to Chengdu Jin Gu Pharmaceutical Packaging Co., Ltd. in Sichuan Province, western China, for the production of pharmaceutical glass containers. By working with another leading glass…
Honeywell UOP (Des Plaines, Ill.; www.uop.com) signed a partnership agreement with China’s Wison Engineering Ltd. (Shanghai, China: www.wison.com) to jointly provide methanol-to-olefin (MTO) technologies and engineering, procurement and construction (EPC) services to customers outside of China. Honeywell UOP’s Advanced MTO…
Altair (Troy, Mich.; www.altair.com) has acquired MODELiiS, a supplier of electronic-design automation (EDA) software for circuit modeling, system design and simulation tools based in Grenoble, France. Capitalizing on strong expertise in digital and analog domains, their solutions are geared towards…