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Specialty Chemicals

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  • Ferro beats 4Q profit forecasts Thursday, 26 Feb 2015 | 6:39 AM ET

    MAYFIELD HEIGHTS, Ohio _ Ferro Corp. on Thursday reported fourth-quarter net income of $11.4 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Kraton reports 4Q loss Tuesday, 24 Feb 2015 | 6:03 PM ET

    HOUSTON _ Kraton Performance Polymers Inc. on Tuesday reported a fourth-quarter loss of $17.4 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Houston- based company said it had a loss of 54 cents. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.

  • BOSTON, Feb 23- Activist hedge fund Barington Capital Group on Monday nominated its own chief executive and another candidate as independent directors for The Eastern Co, hoping to boost the value of its 5.2 percent stake in the manufacturing and industrial company. On Monday Barington nominated its founder James Mitarotonda, who currently sits on three...

  • Refinery strike widens to include largest U.S. refinery Saturday, 21 Feb 2015 | 3:45 AM ET
    Members of the United Steelworkers Union and other supporting unions picket outside the BP refinery on February 10, 2015 in Whiting, Indiana.

    The U.S. refinery strike widened, with workers at the nation's largest refinery walking off the job, the United Steelworkers union said.

  • Stepan Co. posts 4Q profit Wednesday, 18 Feb 2015 | 7:27 AM ET

    NORTHFIELD, Ill. _ Stepan Co. on Wednesday reported fourth-quarter earnings of $6.2 million. The Northfield, Illinois- based company said it had profit of 27 cents per share. Stepan Co. shares have risen 2 percent since the beginning of the year.

  • JERUSALEM, Feb 16- Israel's main labour union threatened on Monday to shut Israel Chemicals main Dead Sea potash operations if the fertilizer and specialty chemicals maker does not revise a plan to cut jobs. ICL, which has exclusive permits to extract minerals from the Dead Sea, is one of the three largest suppliers of the crop nutrient potash to China, India and...

  • Feb 9- Canada's Uni-Select Inc said it would sell its U.S. auto parts distribution business to an affiliate of Icahn Enterprises LP for about $340 million. The deal includes nearly all the assets of Uni-Select USA Inc and Beck/Arnley Worldparts Inc and excludes Uni-Select's FinishMaster paint and coatings business. Uni-Select said it expected to incur an...

  • The acquisition vehicle, dubbed Quinpario Acquisition Corp 2, has so far outbid private equity firms, including American Securities LLC, in the auction for Royal Adhesives, the people said on Friday. Arsenal Capital Partners, the buyout firm that owns Royal Adhesives, may still decide to sell the company to American Securities or another bidder, the people added.

  • Feb 5- Specialty chemical manufacturer W.R. Grace& Co said it would split into two companies in a tax-free transaction to shareholders, driving up its shares by as much as 15 percent. W.R. Grace, which emerged from one of the longest U.S. bankruptcies in 2013, said the split would improve its strategic focus, simplify operations and allow for better use of capital.

  • UPDATE 1-Chemical maker W.R. Grace to split in two Thursday, 5 Feb 2015 | 8:09 AM ET

    Feb 5- Specialty chemical manufacturer W.R. Grace& Co said it would split into two companies to improve strategic focus, simplify operating structures and make better use of capital. W. R. Grace said one company, which is likely to have sales of about $1.8 billion, will consist of its businesses that make products used in the refining, petrochemical, personal care and...

  • Chemical maker WR Grace to split into two companies Thursday, 5 Feb 2015 | 6:40 AM ET

    Feb 5- Specialty chemicals maker W.R. Grace& Co said it would split into two public companies through a tax-free transaction to shareholders aimed at improving strategic focus, simplifying operating structures and making better use of capital. One company will consist of Grace's businesses that make products used in the refining, petrochemical, food,...

  • Feb 3- DuPont has interviewed activist investment firm Trian Fund Management LP's slate of directors, including its founder Nelson Peltz, according to people familiar with the matter, a step that could lead to a compromise with the chemical company over the composition of its board. Trian has put John Myers, Arthur Winkleblack, Robert Zatta and Peltz forward for...

  • Trian's Peltz escalates campaign to break up DuPont Friday, 9 Jan 2015 | 8:12 AM ET

    Activist investor Nelson Peltz stepped up his fight to break up the company, as his Trian Fund nominated himself and three other members to the board.

  • Jan 8- Activist investor Nelson Peltz, one of DuPont's largest shareholders, stepped up his fight to break up the industrial conglomerate, as his Trian Fund nominated himself and three other members to the board. Trian Fund Management L.P., which Peltz heads, said on Thursday that investment funds it manages own 24.3 million DuPont shares worth about $1.8 billion.

  • LONDON, Nov 20- Johnson Matthey, the world's largest autocatalyst maker, lifted its full-year forecast on Thursday after beating analyst forecasts with a rise in first-half profit thanks to strong car sales in Europe and tougher environmental rules. Johnson Matthey is among the best performing specialty chemicals companies. The London- listed company...

  • Nov 12- Shares of Axalta Coating Systems Ltd, a car paint company sold by DuPont to Carlyle Group LP, rose as much as 7.4 percent in their trading debut, valuing the company at about $4.8 billion. DuPont sold Axalta to Carlyle for $4.9 billion in cash in February 2013, a move that activist investor Nelson Peltz criticized two months back. Peltz, who is pushing DuPont to...

  • Nov 12- Shares of vehicle paint maker Axalta Coating Systems Ltd, sold by chemical maker DuPont to Carlyle Group LP last year, rose as much as 7.4 percent in their trading debut, valuing the company at about $4.8 billion. The stock touched a high of $20.94 in early trading on the New York Stock Exchange on Wednesday. The offering was priced at $19.50 per share, at the...

  • Carlyle-backed Axalta Coating's IPO raises $975 mln Tuesday, 11 Nov 2014 | 6:38 PM ET

    Nov 11- Paint company Axalta Coating Systems Ltd's initial public offering raised about $975 million after its enlarged offering was priced at $19.50 per share, at the midpoint of its expected price range. The selling stockholders, including affiliates of Carlyle Group LP, sold 50 million shares. Philadelphia- based Axalta, the Dupont unit which Carlyle bought...

  • *Daicel raises FY op profit fcast to 47 bln yen. *Daicel says no talks on new air bag orders. TOKYO, Nov 6- Takata Corp, whose potentially defective air bags have been linked to four deaths in the United States, warned of a bigger full-year loss and skipped its dividend- the first time it did not offer a payout since it listed in 2006..

  • TOKYO, Nov 6- Takata Corp, the Japanese auto safety equipment maker whose potentially defective air bags have been linked to four deaths in the United States, is likely to warn of a bigger full-year loss when it reports quarterly results later on Thursday. Takata, which has 22 percent of the global market for air bag inflators- the explosive device that allows the...