Author: RubberWorld

H.B. Fuller Company confirmed receipt of an unsolicited proposal from Ancora Holdings Group to acquire its Building Adhesives Solutions (“BAS”) business for between $1.1 billion and $1.2 billion in cash.

Although Ancora previously expressed a passing verbal interest in BAS, the letter received today, simultaneous to the news being made public, represents the first offer that Ancora has made for this business.

Fennell Tyres International, part of the Magna Tyres Group, is expanding into the South West of Western Australia with the acquisition of Bunbury’s Tyre Specialists. From Monday, 17 August, the Bunbury operation will officially become part of Fennell Tyres International, strengthening its presence and service capabilities across the region.

LANXESS is making its production at the Krefeld-Uerdingen site more sustainable. The specialty chemicals company will use hydrogen instead of natural gas to dry its iron oxide pigments. This will make the spray dryer one of the first large-scale industrial plants in Germany to use hydrogen as a fuel in continuous operation. LANXESS will thereby reduce its carbon footprint by about 6,000 metric tons per year.

Peter von Zumbusch, who has, to date, served as Site Manager of the WACKER plant in Burghausen, will take over as Head of the Polysilicon business division. He will be succeeding Tobias Brandis, who will be leaving the company on September 30 at his own request to take on the role of Chief Legal & Compliance Officer at Daimler Truck AG.

The Group generated sales of EUR 1.561 billion, representing a 6.5 percent increase on the prior-year figure of EUR 1.466 billion. EBITDA pre exceptionals came in at EUR 152 million, up 1.3 percent from the EUR 150 million reported in the same quarter last year. The EBITDA margin pre exceptionals for the second quarter was 9.7 percent, compared with 10.2 percent in the same quarter of the previous year.

Axtra3D, Inc., continues to expand its offerings in the Dental market by launching KeySplint Hard® Clear in partnership with Keystone Industries. This collaboration introduces an abrasion resistant, biocompatible, and easily cleaned material that is perfectly formulated for use in post-trauma tooth immobilization and retainers alike.

PiXARGUS is expanding its sales structures. In addition to successfully gaining new sales representatives for North America and Spain, the machinery and technology service provider Plastima Breda is joining the team as a strategic partner, strengthening PiXARGUS’ presence in the Benelux region. With a joint demo tour for the new ProfilControl 7 XLine series, the new partners plan to make a strong impact in Northwestern Europe.