Acquisition
FRX officials said the Nofia line should benefit from challenges to PFAS materials.
The resin distributor is divesting the business line to a unit of Nagase Group of Japan.
Avient Corp. is in the process of selling its production plant in Lockport, N.Y., which closed earlier this year.
Covestro A.G. and Abu Dhabi National Oil Co. (ADNOC) have started talks on a potential acquisition of the German firm.
Marco Rubber and Plastics Co., an Align Capital Partners business based in Exeter, N.H., has purchased American Seal and Packing of Santa Ana, Calif.
Singer Industrial continues on its growth path through mergers and acquisitions with the purchase of a family-owned distributor in Georgia.
The COVID-19 pandemic played a role in resin distributor M. Holland's decision to seek out an investment partner.
VSE Corp. has acquired Desser Aerospace, a U.S.-based aircraft tire distributor and retreader.
Cray Valley S.A. has sold its Wingtack, Poly bd and Dymalink business lines to Resins Solutions L.L.C., owned by Pacific Avenue Capital Partners.
The acquisition sees an end to family control for M. Holland, one of the biggest distributors in North America, although current leadership will continue to operate the business as a Ravago subsidiary.