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The Association for Rubber Products Manufactures (ARPM) recently welcomed four new Board Members: Cedric Glasper the President of Mechanical Rubber, Jeffrey Leach the President / Chairman of Passaic Rubber Company, Caitlin Steele the Senior Director of Global Marketing and Communications at Gates, and John Stone the Technical Sales Manager of The Rubber Group.

The Rubber Division, ACS offers a Rubber Technology Training Award for an individual already in the rubber industry seeking additional education and opportunities for advancement. The organization also has three $5,000 undergraduate scholarships available for students who wish to pursue a degree in rubber technology, polymer science or the chemical profession.

Myers will acquire Signature for a total consideration of approximately $350 million, subject to customary adjustments. The transaction is expected to close in the first quarter of 2024 and to be neutral to slightly dilutive to US GAAP EPS in 2024, but then deliver EPS accretion of $0.20-$0.30 in 2025, $0.40 – $0.50 in 2026 and additional meaningful EPS accretion beyond 2026. Annualized run-rate operational and cost synergies of $8 million are expected to be fully captured by 2025.

The Rubber Division, ACS would like to remind you that the January 12th deadline for the Call for Abstracts – for the Spring Technical Meeting
being held April 30 – May 2, 2024, at the Hilton Polaris in Columbus, OH is fast approaching.

Elkem celebrates its 120 years anniversary, having grown from being an industrial start-up in 1904 into a position in 2024 as one of the world’s leading providers of advanced silicon-based materials – critical enablers for the digital and green transitions.

The two new available grades of Cesa Withstand for TPU film can meet the specific anti-bacterial and anti-mold protection needs of medical beds, transparent tent components, and ice bags. Other applications that can be further developed include portable energy storage, protective equipment, outdoor apparel, and air sleeping pads. They are currently manufactured in Asia and are commercially available globally.

Trelleborg has, through its business area Trelleborg Sealing Solutions, signed an agreement to acquire MNE Group, consisting of the companies Materials Nano Engineering and Materials Nano Solution. The transaction is expected to be completed in the first quarter of 2024.

Hankook Tire will invest approximately EUR 540 million in the project with target completion by 2027. The expansion will create about 450 new jobs. The Rácalmás plant is estimated to produce 2,380 units of TBR products daily, with a total annual estimate of 800,000 units upon completion. The Hankook Tire currently has eight production sites around the world with global capacity total of about 102 million tires per year.

Brenntag announced the agreement to acquire Solventis Group, a glycols and solvents distribution company operating from Antwerp, Belgium, and from the UK.

On December 20th, the notice administrator in the South Carolina aqueous film-forming foam multi-district litigation (“AFFF MDL”) requested an extension until January 3, 2024, to file with the United States District Court for the District of South Carolina the list of public water systems that have opted out of the settlement class.

Under the terms of the agreement, the Companies have until December 22nd to exercise their walk-away rights based on the number of opt outs from the class. The Companies have sufficient insight into this process to determine that they remain in favor of the settlement and do not intend to exercise that right.