Hello and welcome to your late week international coatings industry update, brought to you by SpecialChem. There's a little something for everyone in this issue, from deal closings to distribution news with a smattering of research and our usual helping of arcane knowledge thrown in.
Beginning with distribution, Univar Inc., recently announced that it has completed the acquisition of Quimicompuestos, a distributor of commodity chemicals in Mexico. Terms of the acquisition were not disclosed. The company has relationships with over 50 key suppliers, and delivers over 100 products to more than 4,500 customers in 25 diverse end markets. The company is well positioned in Mexico, with a nationwide distribution network and strong expertise in high growth industries.
"We are extremely pleased to announce the acquisition of Quimicompuestos," said Erik Fyrwald, President and CEO of Univar. "Quimicompuestos provides a strong commodity business with reach throughout Mexico and is a recognized leader in key industries driving the region's growth including those like Oil & Gas and Coatings & Adhesives. The combination provides a platform for future growth and enables us to offer our customers and suppliers the complete, end-to-end value proposition with both specialty chemical and commodity offerings."...more
In solar coatings news, New-Energy Technologies recently announced that researchers have successfully achieved faster fabrication time, improved transparency, and a two-fold enhancement in power conversion efficiency. Researchers achieved today's advances by way of a novel, patent-pending breakthrough, which enables fabrication of large-scale mini-module SolarWindow devices, important to commercial deployment of the world's first-of-its-kind glass window capable of generating electricity.
Generating electricity on glass windows is possible when New-Energy researchers spray ultra-small, see-through solar cells on to glass surfaces. These novel spray-on techniques have been pioneered, advanced, and unveiled in operating prototypes by scientists who initiated early research efforts with New-Energy Technologies under a Sponsored Research Agreement at the University of South Florida (USF). The Company's SolarWindow technology has since progressed significantly beyond early research, and is now in advanced product development...more
NASCAR and Sherwin-Williams finally officially announced a multi-year partnership designating the nation's largest specialty retailer of paint and painting supplies as the 'Official Paint of NASCAR'. Sherwin-Williams will leverage its designation for architectural paint and the power of NASCAR's intellectual property to activate at its more than 3,500 stores nationwide and ignite the passion of its customers - many of whom are fiercely brand-loyal fans of the sport.
In addition to signing on as an Official NASCAR Partner, Sherwin-Williams also becomes a Contingency Sponsor in the NASCAR Sprint Cup Series, NASCAR Touring & Weekly Series and Grand-Am Road Racing. The NASCAR and Grand-Am contingency programs foster strong relationships between competitors and the high-quality, performance-driven brands that are part of the program, by providing prize money for each race and at the end of each racing season. Competitors become eligible for the money by displaying partner decals on their race vehicles. As part of the contingency program, Sherwin-Williams will be title sponsor of the Fastest Lap Award in the NASCAR Sprint Cup Series...more
Where we continue, we look at watching paint dry, and finalize coverage of PPG's acquisition of Deft. We look at a combinatorial research company named Intermolecular and at an import action mounted by Dow against Turkish company Organik Kimya over their TiO2 extender. We also look at the relationship between Benjamin Moore and Colonial Williamsburg. To continue with us, please follow this link...more
In other news on the site, Bayer MaterialScience inaugurated their competition hub in Shanghai and TMR has a latest report on polyurethanes and polyols. New-Energy presented at Advanced Energy 2013 and MediSolve Coatings will showcase their products at MD&M East, June 18-20. To go directly to these and numerous other news items, please follow this link...click here
Thank you for reading the Industry Letter!