st45

Spray January 2017

Mergers & Acquisitions continued... January 2017 Spray 45 O.Berk Co. announced the acquisition of VPI Packaging and its complete line of capabilities and products for the personal care market. CPL Aromas announced the appointment of Eigenmann & Veronelli as its distributor for fragrances in the Italian market. Additionally, CPL Aromas has appointed Luca Ilorini as its fragrance sales specialist for Italy to be based at the Eigenmann & Veronelli offices in Milan. Evonik Industries AG acquired the silica business J.M. Huber for $630 million. This enables Evonik to expand its position in North America and Asia. AkzoNobel and Atul have announced their intention to jointly invest in the production of monochloroacetic acid (MCA) in India, which will include setting up a world class MCA plant at Atul’s facility in Gujarat. Each partner will hold a 50% stake. Unilever announced that it has signed an agreement to acquire hair care business Living Proof Inc. Procter & Gamble Co. has completed the sale of part of its Gillette shaving subsidiary’s 44-acre campus in Boston so General Electric Co. can build its new headquarters there. The Cincinnatibased consumer goods company was paid $83 million for 2.5 waterfront acres of Gillette’s 44-acre campus that includes two six-story warehouses that encompass a total of 110,000 square feet.


Spray January 2017
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