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Chemicals & Pharmaceuticals - 1997

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1997

1996


BP Chemicals is acquiring Styrenix Kunststoffe, the styrene plastics business, from Veba of Germany for about £120m, which will give it extra production capacity to help it expand globally.
31-Dec-1997


Harrisons & Crosfield has acquired Rheox, the US maker of additives for industrial coatings, for £280m, thereby completing its transformation into a chemicals company.
31-Dec-1997


ICI has sold its International Explosives operations in Canada, Latin America and Europe, as well as its distribution businesses in the US, to Orica for £230m, which completes its exit from explosives.
24-Dec-1997


Manders, the printing inks company, has agreed to a £100m acquisition by Flint Ink of the US, as it has been unable to compete with its larger international rivals.
20-Dec-1997


BTP is selling its adhesives and textile coatings business to Total of France for £86m, and will use the proceeds to acquire fine chemicals companies.
20-Dec-1997


ICI is to sell its methylamines business to Air Products of the US for £67m.
20-Dec-1997


Peter Black Holdings has acquired Ferrosan UK, the diet supplements company, from its Danish parent for £35m.
17-Dec-1997


Pfizer of the US is planning to invest £110m on the expansion of its pharmaceuticals site at Sandwich, Kent, creating 1,000 jobs.
12-Dec-1997


Yule Catto is acquiring Holliday Chemical, the drugs and dyes specialist, for £255m.
09-Dec-1997


Euromed, which supports a number of biomedical companies, is to go-ahead with plans to set up a biomedical business park in Bellshill, Lanarkshire, creating 150 jobs.
29-Nov-1997


ICI is selling its UK fertiliser business, which includes 580 people at Billingham, to Terra Industries of the US for an initial £200m.
21-Nov-1997


Cookson has sold Anzon, its fire-retardant additives business, to Great Lakes Chemical Corp of the US for £54m.
05-Nov-1997


Maybridge Chemical Company of Cornwall is being acquired by a management team backed by 3i in a £20m deal.
03-Oct-1997


ICI has sold ICI Forest Products, the Canadian maker of chemical products for the pulp and paper industry, to Pioneer Companies of the US for £150m, as part of its strategy to dispose of its low-margin bulk chemicals operations.
23-Sep-1997


Yorkshire Group is selling its Australasian inks and pigments business to Huls America for £23m, and its UK pigments dispersions business to Holliday Chemical for £1.8m, and now plans to start looking for acquisitions.
02-Sep-1997


BTP is acquiring the leather and speciality chemicals division of Yorkshire Group for £33m, allowing Yorkshire to focus on its core textile dyes business.
01-Sep-1997


Burmah Castrol has acquired SMC Group, the coatings and resins company, from Chemetall for £23m, and sold Columbia Cement, the adhesives business, to TACC International of the US for $23m.
19-Aug-1997


DuPont is to expand its Lycra plant in Londonderry at a cost of £78m, creating 100 jobs.
14-Aug-1997


Gehe is selling the Macarthy drugs manufacturing business of Lloyds Chemists to a management team backed by Cinven, the private equity specialist, for £55.5m.
11-Aug-1997


Shire Pharmaceuticals is acquiring Richwood Pharmaceuticals of Kentucky, the maker of treatments for disorders of the central nervous system, for up to £113m.
05-Aug-1997


Croda International is acquiring Stoa, the French supplier of skin cream ingredients, for £40m.
31-Jul-1997


Millennium Chemicals has agreed a joint venture with Lyondell Petrochemical of the US which will create a £3bn chemicals company, in order to make savings of $150m a year by eliminating duplicate overheads.
29-Jul-1997


Grampian Pharmaceuticals, the animal healthcare company, is being sold to management by Grampian Holdings for £68m.
19-Jul-1997


Holliday Chemical has acquired Laboratorios Julian de Mexico, the Mexican chemicals company, from SmithKline Beecham for £4.7m.
18-Jul-1997


ICI has sold its titanium dioxide and polyester operations to DuPont of the US for £1.68bn in order to help fund its acquisition of Unilever's speciality chemicals business.
15-Jul-1997


Ellis & Everard has acquired Mozel, the paints and coatings business based in St Louis, for £13m, as part of its strategy to expand its product range and geographical coverage.
15-Jul-1997


United Drug has made a £13.6m recommended offer for Dublin Drug, the wholesaler and distributor of pharmaceutical and healthcare products.
10-Jul-1997


Reflec is acquiring Plast Chemical, the powder coatings company, for up to £2.5m.
10-Jul-1997


Blagden Industries has acquired Cellobond, the resins business, from BP Chemicals for £13m.
04-Jul-1997


Amersham International is to merge with Nycomed of Norway to create Nycomed Amersham, a £1.1bn medical diagnostics group.
02-Jul-1997


Philip Johnstone has been set up as a new company to acquire the Cementone Beaver paints and building chemicals business from Cementone for £9.5m.
26-Jun-1997


Zeneca is to acquire ICI Australia's pharmaceuticals business, for a price yet to be decided.
21-Jun-1997


Zeneca is acquiring Mogen International, the Dutch plant biotechnology concern, for £46m, and expects to benefit from Mogen's expertise in fungal control.
14-May-1997


Oxford Molecular is acquiring Genetics Computer and MRL Automation, two US software companies that specialise in the development of new drugs, funded by a £30m rights issue.
09-May-1997


ICI is acquiring Unilever's speciality chemicals division, which includes National Starch, Quest, Unichema and Crosfield, for £4.9bn, and is also discussing the sale of £3bn of its own industrial chemicals businesses including polyester, fertilisers, chlorine, explosives and pigments.
08-May-1997


BOC has started work on a new £40m air separation plant at Teesside, which will supply oxygen and nitrogen to British Steel.
06-May-1997


Warner Lambert has acquired PharmaChem, Hickson International's loss-making subsidiary, for £28m, thus completing the restructuring at Hickson.
02-May-1997


Cantab Pharmaceuticals is planning to increase its range of drugs under development and will raise the number of staff from 100 to 125 with a new research facility.
20-Mar-1997


BTP has acquired PCR, the US fine chemicals concern, for £44m.
28-Feb-1997


Shire Pharmaceuticals is acquiring Pharmavene, the US drugs delivery concern, for up to £104m, and will make further acquisitions using funding from a £11.5m planned share offer.
26-Feb-1997


ICI is acquiring the Syngas catalyst business from BASF for about £15m.
28-Jan-1997


Merck is expanding its pharmaceuticals plant in Cramlington, Northumberland, in a £8.5m investment that will create 66 jobs.
08-Jan-1997