Aksa Akrilik Kimya Sanayii Acquires Dow’s 50% Stake in DowAksa Joint Venture

Arkema Acquires Dow's Flexible Packaging Laminating Adhesives Business

December 2, 2024

Packaging

Arkema finalized the acquisition on December 2, 2024 of Dow's flexible packaging laminating adhesives business for an enterprise value of US$150 million. The business (around US$250 million in annual sales, ~280 employees, five production sites across Italy, the United States and Mexico) will be integrated into Arkema's adhesive platform (Bostik) to expand its flexible packaging product offering and capture cost and development synergies.

Armacell Takes Full Ownership of Armacell JIOS Aerogels (AJA)

September 2, 2024

Manufacturing

Armacell has acquired all JIOS Aerogel shares in the joint venture Armacell JIOS Aerogels Limited (AJA), making AJA a wholly owned subsidiary. AJA operates a silica aerogel manufacturing facility in Cheonan, South Korea (annual capacity >700 tonnes) and will continue to use JIOS's patented production technology under an evergreen licence; financial terms were not disclosed.

Kodiak Acquires Aztech Lubricants

March 5, 2024

Manufacturing

Kodiak, a specialty process fluids supplier, has acquired Aztech Lubricants, an Oklahoma-based maker of wire-drawing and powdered chemical products. The acquisition expands Kodiak’s product portfolio into powder-based chemistries and increases its manufacturing and blending capacity to better serve industrial end markets such as aerospace, automotive and agriculture.

KPS Capital Partners Acquires INEOS Composites from INEOS Enterprises

December 3, 2024

Manufacturing

KPS Capital Partners, through a newly formed affiliate, signed a definitive agreement to acquire INEOS Composites from INEOS Enterprises Holdings II Ltd for an estimated ~€1.7 billion. The deal was expected to close in the first half of 2025, and later sources confirm the acquisition closed and the company was renamed Alta Performance Materials.

Suzano and Kimberly-Clark Form $3.4B Global Tissue Joint Venture

June 5, 2025

Consumer Products

Suzano and Kimberly-Clark announced the creation of a $3.4 billion global tissue joint venture operating in more than 70 countries. Suzano will acquire a 51% stake at closing, paying Kimberly-Clark $1.734 billion in cash, while Kimberly-Clark holds 49% and retains U.S. consumer tissue and professional businesses.

Dauch Corporation Completes Acquisition of Dowlais Group plc (GKN Automotive and GKN Powder Metallurgy)

February 3, 2026

Industrial Services

Dauch Corporation has completed its previously announced acquisition of Dowlais Group plc and its subsidiaries, GKN Automotive and GKN Powder Metallurgy. The combined company will operate under a unified Dauch brand and be headquartered in Detroit, Michigan.