Mergers and acquisitions are a fact of life in the ink industry supply chain, and resin suppliers have seen their share.
David Savastano, Editor07.02.14
The world of manufacturing has arguably become more challenging in recent years. Pressures to meet financial goals are always present, leading to mergers and acquisitions. The ink industry has seen plenty of consolidation in recent years, whether it is customers, suppliers or the ink industry itself.
The resin industry has not been immune to these pressures. Back in 2003, the resin industry included Akzo Nobel Resins, Cognis, Degussa Tego, Eastman Resins, Johnson Polymer, NeoResins, Noveon, Rohm & Haas, and Surface Specialties (UCB). Let’s see what happened:
• Akzo Nobel Resins - Acquired by Hexion (2005)
• Cognis - Sold to BASF in 2010; UV acrylate resin business acquired by IGM Resins (2010)
• Degussa Tego – Renamed, and now Evonik Tego
• Eastman Resins - Acquired by Momentive (2004), reformed as Hexion, and acquired by Harima (2011), when it was returned to Lawter; interstingly, Eastman acquired Lawter in 2000 for $400 million
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