Volume 49, Issue 1- January 2014

Mergers&Acquisitions

Kuraray Grows Global Presence with Recent DuPont Acquisition

DuPont is selling its Glass Laminating Solutions/Vinyls (GLS/Vinyls), a part of its Packaging and Industrial Polymers segment, to Kuraray for $543 million (USD) plus the value of divisions’ inventories. The sale is expected to close during the first half of 2014.

GLS/Vinyls is a supplier of polyvinyl butyral and ionomer sheets for safety glass, as well as vinyl acetate monomer and polyvinyl alcohol (PVA) products used in a variety of architectural, automotive and industrial applications. The segment delivered full-year 2012 net sales of more than $500 million and has approximately 600 employees with six manufacturing sites in the U.S., Europe and Asia serving more than 350 customers worldwide.

“Kuraray was one of the first to successfully industrialize and globally market PVA,” says Keiji Murakami, president of Kuraray’s Vinyl Acetate Co. “ … We will benefit from DuPont’s talented global GLS/Vinyls team and their technology, [research and development], manufacturing and sales network that has supported it over the years. I am convinced these areas of expertise will allow us to continue to expand our vinyl acetate business going forward.”

“GLS/Vinyls will have a good home with Kuraray. That company’s focus on PVA as a central part of its core vinyl acetate business, its strong global market position and its capacity to invest in GLS/Vinyls all make this a good fit,” says William J. Harvey, president, DuPont Packaging and Industrial Polymers.

Besana Lovati Gets New Ownership

Umberto Fassi, president of Costruzioni Meccaniche Besana S.p.A., the Italian maker of glass processing equipment, has acquired 100 percent of U.S.-based Besana Lovati Inc. According to the announcement, the Winston Salem, N.C.-based company is known for representing high-quality machines and sundries from companies such as Macotec, Quaranta, Besana, Rollmac, Cugher and Lovati.

Lauren International Acquires ISO-Trude Inc.

Lauren Plastics LLC, a division of Lauren International Ltd., has acquired ISO-Trude Inc. in Spring Lake, Mich., a plastics extrusion and engineering company.

“Part of our vision at Lauren International is to continually look for opportunities that allow us to be dynamic providers of superior products, services and solutions in a diverse spectrum of markets,” says Kevin Gray, CEO. “True to our vision, the new markets we have pursued and now serve have produced outstanding growth opportunities. The purchase of ISO-Trude allows us to scale operations both at the New Philadelphia location as well as at the Spring Lake, Mich., site. We are excited about the opportunity to provide expanded sales, service and manufacturing capabilities for customers at both locations.”

Operations from the company’s facility in New Philadelphia, Ohio, will begin merging with those in Spring Lake early this year. Craig Janusz, vice president of ISO-Trude, will oversee the management of the company’s Spring Lake facility.


USG
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