22 November 2004 00:01 [Source: ICB Americas]
DyStar has agreed to acquire Rotta Group, a producer of chemical auxiliaries for the textile, leather and paper industries with 200 employees. The deal comprises Rotta’s business in Germany and subsidiaries in Brazil, China, France, Italy and Turkey.
Technology Flavors & Fragrances Inc. has appointed a special committee to evaluate strategic alternatives to maximize shareholder value including strategic acquisitions, joint ventures or mergers.
Danisco Flavours is doubling its flavor production in Asia with the construction of a new production facility at its existing emulsifier and functional systems plant in Penang, Malaysia. Construction will begin immediately The new unit, which represents an investment of $3 million, is expected to be completed in mid-2005.
Danisco has agreed to establish a joint venture company with Henan Tangyin Yuxin Co. Ltd. in China to produce xylitol and xylose for the Chinese and international markets. Danisco will have a majority stake in the JV. Yuxin’s production facilities, which will be transferred to the JV, have been expanded substantially over the years.
Sun Chemical Turkey has completed the acquisition of CBS Printas, one of the leading suppliers of paste inks used for publication and commercial printing in Turkey and other countries in the Middle East.
Shiseido and BASF have agreed to jointly develop new UV-protection materials for use in cosmetic sun protection products. The two companies have also inked a licensing pact for BASF’s micronized zinc oxide-based cosmetic formulations in Shiseido sun protection products
PPG Industries has established a joint venture with Kansai Paint, to be called PPG Kansai Automotive Finishes. The JV will service the global automotive original equipment manufacturer (OEM) industry, with its initial focus on Japanese-based OEMs in North America and Europe. The JV in Japan will be divided equally between PPG and Kansai, and in North America and Europe, 60 percent will belong to PPG.
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