Press Releases

Sole Source Capital LLC ("Sole Source" or the "Firm"), an industrial-focused private equity firm providing capital to North American lower-middle market companies, today announced the acquisition of Dallas Plastics (the "Company"), a leading manufacturer of blown polyethylene film with printing, embossing, and other value-added capabilities for the medical, food, and industrial end markets. Terms of the transaction were not disclosed. Founded in 1989, D

Braskem, the largest polyolefins producer in the Americas and leading producer of biopolymers in the world, today announced the launch of the Braskem e-NABLE Chapter. e-NABLE is a global community of "Digital Humanitarian" volunteers from all over the world who utilize 3D printing technologies to produce free and low-cost prosthetic upper limb devices for children and adults in need. Following the successful completion of the e-NABLE prosthetic device certification process, the Bras

M. Holland Company, a leading distributor of thermoplastic resins, announced a new partnership agreement with JL Goor Materials, a polymer distribution company headquartered in Dublin, Ireland. The agreement provides access to M. Holland’s Mtegrity™ products in both Ireland and the U.K., along with connections to strategic supply partners. This new international partnership marks M. Holland’s first formal business venture in Europe and expands the availability of the Mtegrit

Celanese Corporation, a global chemical and specialty materials company, today announced it will raise prices of all acetate tow product grades sold globally by up to 5 percent. This price increase will be effective for orders shipped on or after January 1, 2021, or as contracts otherwise allow. “To aid in securing sustainability of the Celanese acetate tow business, it is paramount that we increase prices and offset declines. Celanese is committed to our acetate tow business

ADM  and Spiber Inc. announced an agreement to expand the production of Spiber’s innovative Brewed Protein™ polymers for use in apparel and other consumer products. The collaboration will combine Spiber’s cutting-edge structural protein fermentation technology with ADM’s deep expertise in large-scale fermentation technologies, engineering, operations and extensive agricultural supply chain. The Brewed Protein polymers will be produced by ADM in the

Ascend Performance Materials today announced a price increase for intermediates. The price increase takes effect immediately and includes the following conditions: Customers should contact their local sales representative for more information. About Ascend Performance Materials Ascend Performance Materials produces high performance m

JasonMould, a leading China plastic injection molding manufacturer, today announced that it is updating its line of machines for robotics and automatic plastic injection manufacturing. Plastic injection molding is a manufacturing process for producing parts by injecting thermoplastic and thermosetting polymers into a mold. Material for the part is fed into a heated barrel, mixed and injected into a mold cavity, where it cools and hardens to the configuration of the cavity. Custom pl

LyondellBasell and Sasol  announced they have entered into a definitive agreement to form a 50/50 joint venture (JV) through which LyondellBasell will acquire 50 percent of Sasol's 1.5 MM ton ethane cracker, 0.9 MM ton low and linear-low density polyethylene plants and associated infrastructure for a total consideration of US$2 Billion. The agreement includes customary rights for each partner regarding the potential future sale of its ownership interest. The JV will operate under the

SABIC, a global leader in diversified chemicals, is pleased to announce its recent collaboration with a leader in film manufacturing technologies, Brückner Maschinenbau. This industry-leading innovation combines SABIC’s certified circular BOPP and BOPE materials with Brückner’s world leading manufacturing technology for flexible packaging. The collaboration aims to encourage flexible packaging manufacturers to use SABIC’s TRUCIRCLE solutions for certified circular

On September 30, 2020, effective at midnight, BASF closed the divestiture of its Construction Chemicals business to an affiliate of Lone Star, a global private equity firm. The purchase price on a cash and debt-free basis is €3.17 billion. The Construction Chemicals business now forms the newly founded MBCC Group, headquartered in Mannheim, Germany. “Lone Star has been a professional partner in this transaction and is committed to the future success of the business,&rdquo

Four of the leading players in polystyrene production and recycling have initiated a Non-Disclosure Agreement to explore and optimize advanced recycling technologies for polystyrene, such as depolymerization. The agreement will accelerate steps by the industry to reduce plastic waste by creating a more circular economy for polystyrene. Agilyx, the pioneer in chemical recycling of post-use plastic streams, will collaborate with leading polystyrene producers AmSty, INEOS Styrolution a

Eastman, the producer of sustainably sourced Naia™ cellulosic fiber, introduces its new Naia™ Renew portfolio, sourced from 60% wood pulp and 40% recycled waste plastics*. Naia™ Renew cellulosic fiber is traceable with certified biodegradability that captures the value of hard-to-recycle materials that would otherwise be destined for landfills. It can be produced at scale to deliver sustainability without compromise to the fashion world. "Naia™ Renew ena