Bakelite Synthetics Completes GP Chemicals Purchase
Bakelite Synthetics has completed the previously announced acquisition of Georgia-Pacific’s chemicals business (Georgia-Pacific Chemicals). With this acquisition, and after more than 100 years of development through legacy companies as a global phenolics leader, Bakelite Synthetics adds to its strong portfolio of products, brand and customers, as well as building on its growth strategy of delivering innovative solutions to customers in a sustainable manner.
Georgia-Pacific Chemicals brings with it complementary resin and formaldehyde technology and end markets in the building materials, transportation, industrial, chemical intermediate and specialty resins space. This acquisition includes 11 chemical facilities employing approximately 600 in the U.S. and South America.
The company’s new headquarters will be based in Atlanta, Ga., and the combined company will consist of 1,500 associates and 21 manufacturing sites operating in 10 countries.
Latest News
Kadant Completes Key Knife Acquisition
Kadant Inc. has completed its previously announced acquisition of Key Knife, Inc. and some of its affiliates for approximately $156 million in cash, subject to certain customary adjustments. The acquisition was financed primarily through borrowings under Kadant’s revolving credit facility. Key Knife, a global supplier of engineered knife systems for custom chipping, planing, and flaking solutions for wood product industries, is headquartered in Tualatin, Ore. with…
PELICE 2024 Continues To Light Up Scoreboard With New Presentations
Organizers of the ninth Panel & Engineered Lumber International Conference & Expo announced that attendee registration is open for the event, which will be held March 14-15, 2024 at the Omni Atlanta Hotel at Centennial Park in downtown Atlanta, Georgia— the same location as the previous eight PELICE events…
Kronospan Completes Simsboro Particleboard Purchase
Kronospan, a producer of wood panel products, has announced the closing of its purchase of Roseburg’s Simsboro, La., particleboard facility following the expiration of the required regulatory review period. Ownership of the plant has been transferred from Roseburg to Kronospan…
Hymmen’s Dr. Werner Pankoke Dies
Werner Pankoke, died at the age of 85 following a stroke. Born March 29, 1938 as the third child of Bielefeld, Germany dentist Dr. Wilhelm Pankoke, Werner decided not to follow in his father’s footsteps when he began his studies. Instead, he was drawn to Munich Technical University, where he pursued his grandfather Theodor Hymmen’s engineering interests—studying mechanical engineering…
Find Us On Social
Newsletter
The monthly Panel World Industry Newsletter reaches over 3,000 who represent primary panel production operations.
Subscribe/Renew
Panel World is delivered six times per year to North American and international professionals, who represent primary panel production operations. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative. Contact us today!