Business Digest
Neil Eisberg UK pharma major GSK is acquiring US privately held pharma concern Reliant Pharmaceuticals for $1.65bn. Reliant, which reported a 62% increase in sales to reach $341m over the first nine m...
Business Digest
Air Products is selling its high-purity process chemicals (HPPC) business, acquired in 2003 as the electronic chemicals business of Ashland Chemicals, to KMG Chemicals. The deal includes a production ...
Business Digest
Neil Eisberg Nycomed is acquiring niche US therapeutics firm Bradley Pharmaceuticals for $346m in a move designed to strengthen its PharmaDerm division. The deal is expected to be completed during Q1 ...
Business Digest
Neil Eisberg Ineos and The Carlyle Group have agreed to combine US speciality chemical firm PQ Corporation, acquired by Carlyle in July 2007, with Ineos Silicas to form a joint venture with Carlyle ho...
Business Digest
Mark Whitfield Borealis has announced operating profits of €353m in 2006, up from €236m in 2005, with sales increasing by 19% to €5.7bn in the same period. It also said that it plans to constru...
Business Digest
Mark Whitfield Dow Corning has reported adjusted net profits of $167m (E127m) for the fourth quarter of 2006, an increase of 67% on the same period in 2005, on sales up 23% at $1.16bn. Full year net ...
Business Digest
Neil Eisberg German chemical major BASF AG will transform into a European Company (Societas Europaea) with the name BASF SE during Q1 2008 following a 99.75% approval vote at its 2007 annual me...
Business Digest
Neil Eisberg Johnson Matthey saw its full-year revenues to 31 March 2007 increase 34% to £6.2bn, compared with the same period in 2005/6. Operating profit for continuing businesses, before one-...
Business Digest
Mark Whitfield BASF has completed the sale of its Chemische Fabrik Wibarco subsidiary to Hansa Chemie International. Wibarco predominantly produces linear alkylbenzene used primarily in det...