October is starting off as a hot month for materials-related M&A.
In Material Insights we cover three deals:
- Lanxess has signed a contract to sell its last remaining polymer business to Ube Corp.
- The long-awaited acquisition of Covestro AG by Abu Dhabi National Oil Company took another step toward the finish line.
- Techmer PM LLC, one of North America’s 30 largest compounders, has inked another acquisition, buying OptiColor Inc. of Huntington Beach, Calif.
Both the Lanxess and Covestro businesses were formerly part of Leverkusen, Germany-based Bayer AG, which spun off those polymers businesses in 2015 to focus on pharmaceuticals and biotechnology.