Under the agreement, Carlyle must divest the global polysulfides business of specialty chemicals company Nouryon, which is part of Carlyle’s investment portfolio.

The conditional agreement is intended to safeguard competition in aerospace sealants and in the market for polysulfides. Polysulfides are essential for manufacturing aerospace sealants.

BASF and Carlyle announced the transaction in October.

The deal values the coatings business at $8.9 billion. The division includes automotive OEM and refinish coatings as well as surface-treatment technologies.

BASF plans to retain a 40% stake in the business.

According to the companies, this expansion builds on their successful collaboration across multiple regions and extending the scope of activities in France beyond life sciences into industrial applications. Customers in the French market will now benefit from access to a wider portfolio supported by Azelis’s local technical and regulatory expertise, particularly in biocides, a highly regulated product category.

“Our collaboration with Azelis continues to deliver strong results across multiple regions,” said Beatriz Cid, senior director of sales EMEA, Paints and Coatings at Arxada. “Expanding into the French industrial market allows us to build on this momentum, reaching manufacturers with our innovative product technologies and solutions, supported by Azelis’s technical expertise and customer relationships.”

The new unit in Manitowoc will produce Heresite Protective Coatings technologies— a North American company specialized in industrial coatings for severe environments — whose assets were acquired by WEG in 2025. According to WEG, the operation strengthens the company’s coating business by incorporating high value-added solutions for critical applications such as HVAC, oil & gas, and water treatment, expanding WEG Coatings’ competitiveness in segments with higher technical requirements.

The new Distribution Center in Duluth expands the logistics structure of WEG’s Coatings Unit in the country, ensuring greater product availability, shorter delivery times, and proximity to key consumer hubs. It will serve as a strategic hub for the distribution of industrial coatings, anti-corrosive coatings, and solutions aimed at high-demand applications, directly supporting the commercial expansion of the operation in the United States.

“These investments represent an important step toward the sustainable growth of our paint business in North America. By combining local production, specialized technology, and more efficient logistics, we are expanding our capacity to serve different industrial sectors with high-performance solutions,” said Rafael Guerreiro Torezan, managing director of WEG Coatings.

“This facility reflects our ambition to lead the industry – not only in volumes, but in innovation, sustainability and customer value,” said Eric Fouissac, president, Asia & Middle East at Beckers Group. “India is a critical pillar of our global growth strategy, and this project demonstrates our long-term commitment to the region.”

“The new plant will enhance our ability to meet increasing customer demand, strengthen our supply chain independence, and introduce advanced resin technologies tailored for the Indian market We extend a special thank you to our partner, Berger Paints, for their exceptional support throughout the project,” said Rajesh Mehrotra, managing director at Berger-Becker Coatings.

Univar Solutions will distribute BASF’s Petrochemicals business as the exclusive distribution partner in the the United States and Canada for BASF’s Hexamoll® Dinch, a non-phthalate plasticizer used in applications requiring strong performance characteristics, formulation flexibility, and meets high safety and quality standards across a range of industrial and consumer end markets.

“This enhanced partnership with BASF reflects our shared commitment to delivering differentiated, high value solutions by offering safety, service, and expertise to customers across North America,” said Dan Matheny, global vice president, product management and trade for Univar Solutions. “Hexamoll® DINCH is a well-established, trusted, balanced technical performance product in the plasticizers market, and expanding our role as BASF’s exclusive distribution partner allows us to support customers with reliable supply, technical expertise, and a seamless go to market experience across the U.S. and Canada.”

Under the terms of the agreement, PQ will acquire the sodium silicates business and the associated activities at BASF’s Düsseldorf/Holthausen site. PQ expects to continue and further develop the business under its ownership ensuring business continuity for customers and partners.

“BASF’s silicates business is an excellent strategic fit for our existing silicate network,” said Al Beninati, President and CEO of PQ. “The site’s central geographic location, highly skilled workforce, existing long-term partnerships with key customers and world-class facility provide an excellent foundation for further growth of the business. This acquisition will further enable PQ to serve our global customers with reliable quality and cost-effective solutions.”

Headquartered in Irvine, Calif., and Shannon, Ireland, IAC is a provider of aircraft painting solutions for original equipment manufacturers, major airlines and operators, and maintenance, repair, and overhaul providers. IAC also provides engineering and advanced asset management solutions through its Eirtech Aviation Services division.

Martin O’Connell, IAC CEO, said, “We are thrilled to welcome H.I.G. as a partner, as we scale IAC to meet growing demand for high-quality aircraft painting services. With H.I.G.’s experience and resources, we plan to expand our geographic footprint, invest in additional hangar capacity, and selectively pursue add-on acquisitions.”

“Energy efficiency is a key lever for transforming our production towards climate neutrality and a circular economy. The principle is: the less energy we need, the better,” said Thorsten Dreier, CTO of Covestro. “That’s why we’re using every opportunity to make our production even more energy-efficient with modern, innovative process technologies.”

This project is part of Covestro’s effort toward climate-neutral production.

The new Distribution Center in Bogotá will focus on meeting regional demands, offering high‑technology solutions such as industrial coatings, anticorrosive coatings, and other products designed for demanding applications.

“Colombia has a strong and continuously growing economic activity, making it a key hub for our expansion strategy in Latin America,” said Adilson Demathe, Sales Director of WEG Coatings.

The joint venture focuses on supporting the consulting, selection, testing, qualification and implementation of tailored material solutions that meet specific technical requirements.

“We are very pleased to enter this joint venture with Biesterfeld. Their 120 years of technical consulting experience and strong industrial application expertise make them an ideal partner for the next stage of OSP’s development,” said D.W. Kim, founder and owner of OSP.