The Swiss parent company of Sika Corp., Lyndhurst, N.J., expresses confidence in the prospects for a second half closing on Master Builders Solutions owner, MBCC Group, based in Mannheim, Germany with a Americas headquarters in Cleveland. The companies announced their nearly $6 billion merger plan late last year, subject to approval by regulators on both sides of the Atlantic, who…
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Sources: GCP Applied Technologies Inc., Cambridge, Mass.; CP staff
The former Grace Construction Products business arrived at 2017 ConExpo-Con/Agg with new sand & gravel additives and concrete admixtures aimed at mitigating poor quality aggregates’ effect on fresh mix and finished slab or structure performance. The Clarena product portfolio was front and center at GCP Applied Technologies’ Las Vegas Convention Center booth during the March 7-11 show.
Read MoreSources: GCP Applied Technologies Inc., Cambridge, Mass.; CP staff
A binding, $1 billion offer from Germany’s Henkel AG & Co. for GCP Applied Technologies’ Darex Packaging business positions the seller to pursue growth opportunities in concrete admixtures and other construction or building materials. “The transaction will allow us to enhance our focus and provide a strong balance sheet for internal investment and bolt-on acquisitions necessary to provide new products, technologies, and solutions that offer layers-of-value for our customers,” says GCP CEO Gregory Poling.
Read MoreDirectors have approved a plan to separate Columbia, Md.-based W.R. Grace & Co. into two independent, publicly traded companies, each with interim designations: New GCP, spanning concrete admixtures- and cement additives-anchored Grace Construction Products, and New Grace, comprised of petroleum and chemical processing-driven Catalysts and Materials Technologies.
Sources: W.R. Grace & Co., Columbia, Md., CP Staff
Directors have approved a plan to separate Grace into two independent, publicly traded companies, each with interim designations: New GCP, spanning concrete admixtures- and cement additives-anchored Grace Construction Products, and New Grace, comprised of petroleum and chemical processing-driven Catalysts and Materials Technologies.
Deerfield Beach, Fla.-based Mapei Corp. has closed on Minnesota admixture producer General Resource Technology, eyeing synergies with its adhesive, coating, grout and mortar portfolio, while extending GRT offerings beyond the Central U.S., first toward the coasts and eventually to Canada and Mexico.
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