Author: RubberWorld

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Motion Controls Robotics will continue established tire automation systems

Motion Controls Robotics, Inc. (MCRI) will carry forward established RTS, DTS, and HTS tire spray systems, including familiar models such as the RTS1000i, RTS2000i, DTS1000i, and HTS100i. These systems will continue to be engineered, built, advanced, and supported for tire manufacturers.
Select patents, specialized technologies, and experienced team members associated with these systems are transitioning to MCRI.

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Shareholders approve AkzoNobel merger

Shareholders at the Extraordinary General Meetin of Akzo Nobel N.V. overwhelmingly voted in favor of all resolutions related to the proposed all-share merger with Axalta Coating Systems Ltd. (“Axalta”).

The resolutions adopted at the EGM include the approval of the Merger, the amendment of the Articles of Association, the authorization to issue shares in connection with the Merger, the proposed appointments to the Board of Directors and the proposed remuneration policy.

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40-year study finds silicone sealants outperform alternatives in long-term weathering

The study, highlighted by Momentive as part of its “Part of the Solution” series, examined the long-term durability of silicone sealants used in construction. Researchers conducted the testing at the Atlas Weathering Test Site in Miami, Florida, where panels of glass and painted aluminum were mounted outdoors at a 45-degree angle facing south to simulate real-world exposure.

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H.B. Fuller offered over $1.1 billion for Building Adhesives Solutions business

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.

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Parker Hannifin completes acquisition of Filtration Group

Filtration Group Corporation adds to Parker’s portfolio of highly engineered products and leverages deep technical and application knowledge to serve key growth markets, including life sciences, HVAC/R, and in-plant and industrial. The company’s collection of established product brands are validated, specified and often sole-sourced. These capabilities complement Parker’s interconnected technology portfolio and increase its aftermarket presence, which the company expects will create strong recurring revenue streams across multiple product platforms.

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