Acquisition
The combined company will support "Russia's leadership in the chemical, petrochemical and oil and gas sectors," Sibur said.
Parker Hannifin is preparing for what would be its biggest acquisition ever: An $8.7 billion buyout of Meggitt P.L.C.
The full acquisition was in line with Versalis' strategy to become "the Italian leader in the high performance formulated polymers sector."
The integration process will be mapped out over the coming months, but at this point, the two businesses will run in parallel with each other.
Founded in 1946, Lincolnshire, Ill.-based Flexan serves many of the world's largest medical device companies.
The acquisition aligns with Bostik's goal of increasing market share as a pure specialty materials player by 2024.
Eastman said the acquisition will expand the firm's paint protection film pattern development capabilities, pattern database and installation training expertise.
The global performance additive and chemical supplier will retain its resins businesses in the U.S. and China.
The Engineered Components acquisition brings Belt Power's total U.S. locations to 10.
Polytek Development expands its offerings in the polyurethanes and epoxy arenas with its latest purchase.