Chemcentral to buy C.P. Hall unit
Chemcentral Corp. has signed a definitive agreement to buy C.P. Hall Co.'s Specialty Additives business.
Terms of the deal, expected to close in early 2003, were undisclosed. The acquisition is part of the distributor's plan to expand its product line of specialty chemicals that offer the potential for higher growth and profitability, said John R. Yanney, Chemcentral president and chief operating officer.
C.P. Hall said the divestiture will allow it to focus on its patented materials, applications technologies and ongoing material science innovations in polymer additive chemistries and personal care solutions.
Freudenberg-NOK hikes center's size
Freudenberg-NOK G.P. doubled the size of its Milan, Ohio, distribution center-an $8 million investment-to 258,000 square feet in anticipation of an ``aggressive growth schedule'' for its Distributed Products Group.
Freudenberg-NOK's Corteco automotive aftermarket business, Simrit industrial sealing unit, and Dichtomatick North America O-ring and sealing products should double their combined sales of $265 million over the next five years, Freudenberg-NOK said. The expansion is part of a two-phase plan. The second phase will add 110,000 square feet in 2007 with 100 employees hired over the next few years, the company said.
Hinterlong buys KWS
B.J. Hinterlong has purchased KWS Manufacturing Co., a maker of bulk handling systems, for an undisclosed amount.
Hinterlong is the former owner of Thomas Conveyor Co./TOTE Systems. He named Mark Osborn president of the Burleson, Texas, firm, Bill Mecke vice president and added Jarod Prattt to the sales staff.
ASTM committee seeks input
ASTM International Committee D14 on Adhesives is seeking industry professionals to develop standards with members of Subcommittee D14.10 on Working Properties.
Task Group D14.10.02 will develop a Standard 90Ã¸ Peel Test Method to evaluate the bond between adhesive and floor covering and improve end products. Adhesive makers; installers and manufacturers of flexible carpet and vinyl floor coverings; testers and other interested parties can contact Mark Stypczynski by phone at 440-826-5449 or e-mail [email protected]
Task Group D14.10.06 will revise all sections of ASTM D 1084, Standard Test Methods for Viscosity of Adhesives, to upgrade adhesive quality-control processes. Interested makers of adhesives and viscometers may contact William Stegeman by phone at 952-496-6049 or e-mail [email protected]
Task Group D14.10.09 will develop a Freeze-Thaw Stability Test to improve the quality of adhesive products. Co-chairmen Larry Press and Larry Millhouse welcome input from adhesive manufacturers, installers of flexible floor coverings and other interested parties. The pair also leads Task Group D14.10.10, which will draft a Standard Practice for Storage Stability to establish uniform stability testing for adhesives and improve end products. To participate in either task group, contact Press by phone at 864-228-0555 or e-mail [email protected], or Millhouse by phone at 717-509-3174 or e-mail [email protected]
Esterline acquires BVR
Esterline Technologies Corp. has acquired the assets of BVR Aero Precision Corp., a manufacturer of precision gear assemblies and electronic data concentrators, for about $10 million in cash.
Included in the purchase is BVR's 25,000-sq.-ft. production facility in Rockford, Ill., where BVR and its 54 employees will continue to be based. No significant changes in personnel or operations are expected.
BVR will operate as a division of Esterline's France-based Auxitrol S.A., a European producer of specialized aerospace sensors and systems, giving it an international base, an Esterline spokesman said. BVR currently generates about $7 million in sales annually, he said.