Evonik completes sale of colourants business

(evonik) -- Following the approval of the Evonik Supervisory Board and the relevant antitrust authorities, Evonik Industries has successfully concluded the sale of the global colorants business. The transaction was closed on April 30, 2012. The new owner is the U.S. private equity firm Arsenal Capital Partners, of New York. By mutual agreement the financial terms are not being disclosed.

The Colorants business develops, produces, and markets colorants under the COLORTREND brand name for decorative applications in the architectural sector. Furthermore, CHROMA-CHEM products are used in industry, for example for maintenance and in marine and wood coatings. Evonik generated sales of about EUR130 m from its Colorants business in the year 2011. More than 300 employees, integrated into a global organization, work for Colorants in production plants and laboratories as well as sales and marketing offices. These sites are located in the U.S., Canada, Brazil, Australia, China, Malaysia, and the Netherlands.

MRC

(process-worldwide) -- ACG Worldwide presents new technology for manufacturing, packaging and R&D solutions for the global pharmaceutical industry. The company issues new solutions for the blistering and packaging of pharmaceuticals.

The company boast to be among the very few suppliers of complete technology for manufacturing, packaging and R&D solutions for the global pharmaceutical industry. This year, ACG introduces the B 45 blister packaging machine for thermoforming films, cold forming packaging materials and multiple lidding foils.

The B 45 operates at 45 cycles per minute for PVC-ALU blisters and 35-cycles/per minute for ALU-ALU blisters with large format area. It incorporates a fully cGMP balcony type design, which was designed for easy access for operation and cleaning, the manufacturer says. It is designed to meet the Pharmaceutical Industry's GMP and regulated market audit needs. According to ACG, the B 45 ensures fast changeovers and has an integrated camera system for online blister inspection.
MRC

(Reuters) - Turkish petrochemicals maker Petkim posted a first-quarter loss of USD4.6 million, with rising oil prices more than offsetting higher sales.

"High prices for raw materials put pressure on product prices ... in the first quarter, and margins were negative, especially in January and February," chief executive Hayati Ozturk said.

Sales at Petkim, owned by Azerbaijani state oil company Socar, rose 28 percent to 1.21 billion lira in the first three months of the year. It made a 77 million lira profit in the 2011 period.

Crude oil prices have risen amid worries the West's dispute with Iran over its nuclear programme would disrupt global supplies. Petkim said it spent USD15 million in the first quarter to expand capacity, improve efficiency and for planned maintenance.

MRC

MRC

(canplastics) -- Bolton, Ont.-based Husky Injection Molding Systems announced that it has completed the sale of Injectoplast, the former closure injection molding operation of KTW, to Austria's Alpla.

The sale agreement was announced 24 January; the terms of the deal have not been disclosed. Injectoplast was a division of KTW, a closure mold maker Husky acquired in early 2011.

At the time of the KTW acquisition Husky announced it would be divesting of Injectoplast due to potential conflicts with its existing injection molding customers.
MRC