Mergers & Acquisitions Pressure Points The other 35% stated “all steel” or “all aluminum” but did not mention aerosols specifically. Several percent did not clearly specify what materials are collected. A few percent did not recycle aluminum or steel and, therefore, no aerosols. Even more distressing were the remaining programs—representing approximately 10% of the population—that explicitly prohibit aerosol containers. There is clearly still work to do. One of the first things that CSPA will be doing after the reports from these studies are finalized is to issue an updated Open Letter on Aerosol Recycling, providing a recommendation that all aerosol products be labeled for recyclability. CSPA members have moved in this direction—increasing from 29% of products in 2012 to 68% of products in 2015 being labeled “please recycle when empty”—but it is important that we get the entire industry labeling. When CSPA has full access to the database from this study, our Sustainability Committee (formerly named the Recycling Committee) will begin data-mining to prioritize our continuing efforts to increase aerosol recycling availability. We need to convince the more than 20% of programs not accepting aerosols (especially the 10% explicitly prohibiting them!), and at the same time redouble our efforts to educate our consumers that they can and should recycle their empty aerosols. Assuring that empty aerosol containers are recycled represents a major step in the road toward sustainability for aerosol products. Spraya major step in the road toward sustainability for aerosol products. Spray August 2016 Spray 79 Ball Corp. announced the completion of its acquisition of Rexam PLC for approximately $6.1 billion of cash and equity, plus the assumption of approximately $2.4 billion of net debt. The company also completed the required sale of the divestment business to Ardagh Group, receiving cash proceeds of approximately $3.1 billion at closing. Revlon, Inc. and Elizabeth Arden, Inc. announced that they have signed a definitive agreement under which Revlon will acquire all of the outstanding shares of Elizabeth Arden for $870 million. Cost synergies of approximately $140 million are expected to be achieved through the elimination of duplicative activities, leveraging purchasing scale and optimizing the manufacturing and distribution networks of the combined company. Henkel announced it is buying U.S. home care company The Sun Products Corp. in a deal valued at $3.6 billion, including debt. Univar announced it has expanded its long-standing European distribution agreement for The Dow Chemical Company’s personal care ingredients to now include Poland, Czech Republic, Slovakia, Hungary, Romania, Bulgaria, Slovenia, Croatia, Bosnia and Herzegovina and Serbia. The new agreement extends Univar’s distribution rights the full range of Dow’s legacy personal care specialty ingredients into Eastern Europe. continued from p. 10
Spray August 2016
To see the actual publication please follow the link above