Press Releases

Crane Company (NYSE:CR) (“Crane” or the “Company”), a premier industrial manufacturing and technology company, today announced that it has entered into a definitive agreement to acquire the U.S. pump business from First Reserve-Backed Trillium Flow Technologies, a leading provider of highly engineered pump technologies primarily serving the U.S. municipal water and wastewater markets for approximately $240 million, representing a multiple of approximately 14.6x estimat

Pexco LLC has acquired Recto Molded Products and Legacy Extrusions, expanding its capabilities in complex injection molding, tooling, assembly, and engineered thermoplastic solutions for OEM manufacturers. The Cincinnati-based companies bring more than a century of manufacturing expertise, advanced production technologies, and value-added services that strengthen Pexco’s ability to support customers from product design through full-scale production. Founded in 1919, Recto brin

Under the campaign theme "Make the Move," BASF will present polyurethane and thermoplastic polyurethane (TPU) solutions across the entire footwear life cycle at Simac Tanning Tech 2026 in Milan, Italy. Make the Move stands for moving footwear forward: from established manufacturing methods to new processing technologies, from linear products to circular concepts, shaping the future of footwear. At SIMAC 2026, BASF will showcase innovative footwear solutions enabled by Elas

Suppliers Partnership for the Environment (SP) today announced the release of Guidance on Mass Balance Attribution for Advanced Recycled Automotive Plastics, a new voluntary resource intended to support greater consistency in understanding and communicating mass balance approaches across the automotive value chain. Developed through SP's Sustainable Materials Work Group, the guidance responds to growing interest in advanced recycling and the use of mass balance attribution to su

Asahi Kasei, a diversified global company, will participate in Fakuma 2026. The world's leading trade event for industrial plastics processing, Fakuma will take place from October 12 to 16 in Friedrichshafen, Germany. At its booth B5-5305, Asahi Kasei will present a broad range of high-performance plastics and material solutions designed to address key challenges facing the automotive and industrial sectors. The exhibits will highlight how advanced polymer materials can contribute to more

Avantium N.V., a leading company in renewable and circular polymer materials, has successfully completed the commissioning of the purification unit at its FDCA Flagship Plant in Delfzijl, the world's first commercial-scale plant for the production of FDCA (furandicarboxylic acid). With the purification unit now commissioned, all major process units of the Plant have been successfully commissioned, marking an important milestone toward full plant start-up. The successful commissi

Quantinuum, a leading quantum computing company, today announced the signing of a non-binding MOU with Aramco, one of the world's leading integrated energy and chemicals companies, to explore a series of industrial use cases, enhance quantum computing capabilities, and prepare for a potential research collaboration focused on fault-tolerant quantum computing.  Under the MOU, the companies intend to undertake preliminary technical onboarding and engage in knowledge exchange

SABIC and Lenovo signed a Memorandum of Understanding (MoU), in the presence of SABIC CEO and Executive Board Member Dr. Faisal M. Alfaqeer, on September 1 on the sidelines of the LEAP Tech Conference in Riyadh to explore opportunities for strategic collaboration that support industrial innovation. The MoU establishes a framework for both companies to identify areas of mutual cooperation, leveraging their respective expertise to help accelerate the development of advanced industries and innov

Exotic Automation, a premier Parker Hannifin distributor, announced today they have completed the rebrand of their subsidiaries, Bond Fluidaire & West Michigan Rubber, to Exotic Automation. Bond Fluidaire was acquired by Exotic in 2022 and has since undergone several key expansions, including an expanded product portfolio, geographic presence and service levels. A new location was opened in Kalamazoo, offering customers custom hose assemblies made on the spot as well as in-stock

Equilon Enterprises LLC, doing business as Shell Oil Products US (Shell), has signed an agreement to increase its equity from 33% to 100% in Tri Star Energy, LLC, a convenience store operator and fuel distributor operating across the southeastern United States and anchored in the Nashville market. The acquisition makes Shell the full owner of an additional 320 fuel and convenience retail sites in Tennessee and surrounding states, as well as supply agreements with 552 more dealer-owned locatio

BWT Alpine Formula One Team is to use HVOlution, Enilive’s diesel biofuel produced from 100% renewable raw materials, to power its logistics vehicles during European rounds of the FIA ​​Formula One World Championship. Starting from this season, HVOlution will be used by vehicles transporting BWT Alpine Formula One Team’s cars and infrastructure in the main European countries thanks to a network of over 1,700 Enilive service stations where the product is available. Re

Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today announced it has signed a definitive agreement with Mitsui & Co., Ltd., to sell an additional 19% of the Nutrinova food ingredients business to Mitsui in a transaction with total cash proceeds of approximately $152 million. The transaction represents an attractive realization of value for Celanese, monetizing an ownership interest that represented approximately $4 million of equity earnings in 2025.