Investment in Tilley
SK Capital Partners have made a controlling investment in Tilley Chemical , alongside the Tilley family , who have owned and run it since 1952 . Based in Baltimore , Tilley is a regional distributor of speciality chemical and lubricants to multiple end use sectors , with 100 employees and two facilities . Its capabilities including storage , blending , packaging and regulatory and technical support .
ChemDesign is ready
US toll manufacturer ChemDesign has completed a 230 m 2 technology centre at Marinette , Wisconsin . Housing functional offices , engineering offices , laboratories and support staff offices , this will be the centrepiece and communication hub for the company , alongside its manufacturing centre , ChemDesign said .
USalco buys two
USalco , an HIG Capital affiliate that makes aluminium-based speciality chemicals mainly for water and wastewater treatment processes and refinery catalysts , has acquired Al Chem Specialties and CalChem . These both make chemicals for municipal water and wider industrial applications , with plants in Ohio and California . CEO Scott Williams will remain at the helm .
OQ ’ s Oxolution
OQ Chemicals is reorganising its Oberhausen site in Germany through the holistic Oxolution site project , which it developed with Conor Troy Consulting . A “ double-digit million euro amount ” investment in increasing delivery capability , digitalisation , organisational efficiency and automation , will lead to about 90 job cuts in production and services sectors .
Double trouble for Tronox
TiO 2 producer Tronox is facing a Phase 2 investigation from the UK ’ s Competition and Markets Authority ( CMA ) into its proposed acquisition of the TiZir titanium and iron business from French mining and metallurgy group Eramet . The company said that it may offer unspecified ‘ remedies ’ before this goes ahead . The $ 300 million deal was announced in May and was seen as an important addition in terms of lowering feedstock costs . TirZir upgrades ilmenite to highgrade titanium slag , as well as high-purity pig iron . However , both the CMA and the US Federal Trade Commission launched investigations into it . Separately , Tronox CEO Jeffry N . Quinn has had to take a leave of while the US Securities & Exchange Commission investigates allegations of COO insider trading . Jean-François Turgeon and its chief commercial and strategy officer insider trading . John D . Romano will act as interim co-CEOs in his absence According to a complaint filed by the SEC in a court in New York , Quinn and his fiancée leaked information to a friend about a possible takeover of Ferro by Apollo Global Management and CVC Capital before it was publicly known . This man then allegedly bought shares in the company and transferred them via an entity in the British Virgin Islands to an account owned by Quinn .
Ineos ’ s donation is one of the largest ever to a UK university
Ineos supports antimicrobial research institute at Oxford
Ineos has given £ 100 million , one of the largest ever donations to a UK university , to launch a new research institute to combat the growing global issue of antimicrobial resistance ( AMR ) at Oxford University . It will be based at two sites linking the Department of Chemistry and the new Life & Mind Building , which is currently being built . The Ineos Oxford Institute ( IOI ) will “ create collaborative and crossdisciplinary links across the sciences ”, the company said . Alongside its drug discovery work , the IOI will partner with others to raise awareness and promote responsible use of antimicrobial drugs . Because most volume consumption is by animals , it will focus on designing novel antimicrobials specifically for animals as well as new human drugs . Some analysts describe the rapid spread of AMR , which is largely caused by the overuse and misuse of antibiotics , as “ arguably the greatest economic and healthcare challenge facing the world post-COVID ”. It already causes about 1.5 million excess deaths / year , a figure that could reach 10 million by 2050 , while also potentially causing $ 100 trillion in economic damage by then .
10 SPECIALITY CHEMICALS MAGAZINE ESTABLISHED 1981