Mergers & Acquisitions

Written on: June 1, 2012 by SprayTM

Mergers and acquisitionsPLZ Aeroscience— manufacturer and marketer of specialty aerosol products in North America— announced the acquisition of Assured Packaging, located in Mississauga, Ontario, Canada. Assured is a custom manufacturer of aerosols for the health and beauty aids, pharmaceutical, food and household market categories. The acquisition follows PLZ Aeroscience’s purchase of Canadian company K-G Spray-Pak in 2011.

Aerosol propellant gas supplier Diversified CPC International, Inc. announced the acquisition of Pure Chem Separation, L.P. effective April 30, 2012. The new entity will be known as Diversified Pure Chem, LLC. In the deal, Diversified CPC has acquired substantially all the assets of Pure Chem Separation.

According to William Auriemma, President & CEO of Diversified CPC, “This acquisition expands Diversified CPC’s reach into the fluorocarbon refrigerant markets with a focus on recycle and reuse. The additional gas fractionation capabilities will also improve our ability to handle specialized requests from our aerosol customers.”

Diversified Pure Chem will continue to expand and develop its refrigerant recycle and reprocessing capabilities in support of the EPA’s intent to create sustainable refrigerant recycling businesses. With that in mind, it is acquiring the tallest, high-pressure fractional distillation column for separating mixed refrigerants in this industry. This will position Diversified Pure Chem to separate large quantities of R-22 in addition to high-pressure mixtures such as R-410a.

Henkel has sold several of its personal care brands. High Ridge Brands has acquired the global rights to the Coast personal cleansing brand; in a simultaneous transaction, Newhall Laboratories has acquired the rights to the L.A. Looks, Dep Sport, Zero Frizz and Thicker Fuller Hair portfolio of hair care brands, the Soft & Dri female deodorant brand and the Pure & Natural liquid hand soap and body wash brand. High Ridge Brands was formed by Brynwood VI in January 2011 to purchase the North American Zest personal cleansing brand from Procter & Gamble. In August 2011, High Ridge Brands acquired the U.S. and Puerto Rico brand and marketing rights to the Alberto VO5 brand and the worldwide marketing and brand rights to the Rave brand.

L’Oréal announced that it has closed the acquisition of 100% of mass personal care brand Cadum, the majority of which was held by investment fund Milestone.

Albéa announced its acquisition of Zhongshan Meiquan Plastic Products Co Ltd belonging to the TEX R.L. group. Better known under the name TEX China, the company manufactures packaging for the perfumery and cosmetics sectors.

Eastman Chemical Co. has entered into a definitive agreement to acquire Solutia Inc. Eastman expects the addition of Solutia will broaden its geographic reach into emerging geographies (particularly Asia Pacific), establish a powerful combined platform with extensive organic growth opportunities and expand its portfolio of sustainable products.