There have been some big M&A deals going on, and we have a little more information behind what was driving a couple of them.
Don Loepp has an update on Trinseo SA and its acquisition of Arkema's acrylics business. The deal will bring a big brand name, Plexiglas, to Trinseo's stable but it also adds a big opportunity for growth in Asia.
The PMMA business employs 860 and operates seven production sites — four in Europe and three in North America. Trinseo CEO Frank Bozich said the biggest demand for PMMA is in Asia. "This represents a major growth opportunity for Trinseo because we already serve the same markets in China and across Asia with our engineered materials and base plastics."
Nordson Corp., meanwhile, did a deep data dive into its operations before deciding to sell its screws and barrels business, including the Xaloy brand.
Without Xaloy in the mix going forward, Catherine Kavanaugh writes, leaders with Nordson's Industrial Precision Solutions business will focus more time, energy and resources on their differentiated and profitable product lines.
"Identify our business goal," through the process, CEO Sundaram Nagarajan said. "Simplify the areas that distract you from focusing and growing with your full strength."