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www.paintshow.com.br
10
Março 2012
PAINT & PINTURA
Brazilian Association of Paint Manufacturers) to jointly organize
Feitintas 2012, which will take place from September 19 to 22,
2012 in São Paulo.
“As the main entities representing the paint value chain combine
their efforts, the result will be a broader, more robust trade show
which will make an important contribution to our common goal
of stimulating sustainable development in the industry,” says
Ricardo Stiepcich, president of Sitivesp. “In fact, we are conside-
ring changing the name of the trade fair to reflect its breadth
and stress its evolution to a whole new level,” says Dilson Ferreira,
chief executive officer at Abrafati.
The trade show will bring together all major manufacturers of
decorative paints and automotive refinish coatings, as well as
suppliers of complementary products, tools and application equi-
pment. “Exhibitors will receive all major retailers —specialized
shops, construction materials shops, home centers and distribu-
tors— showing at first hand their newly launched products, main
innovations and the latest technologies for such a modern and
powerful industry as ours,” says Ricardo Stiepcich.
Acquisition - Eastman to Acquire Solutia
Eastman Chemical Company and Solutia Inc. announced that
they have entered into a definitive agreement, under which
Eastman will acquire Solutia, a global leader in performance
materials and specialty chemicals. Under the terms of the agre-
ement, Solutia stockholders will receive US$22.00 in cash and
0.12 shares of Eastman common stock for each share of Solutia
common stock.
Solutia shareholders will receive cash and stock valued at
US$27.65 per Solutia common share, representing a premium
of 42 percent and a total transaction value of approximately
US$4.7 billion, including the assumption of Solutia’s debt.
“The acquisition of Solutia is a significant step in our growth
strategy and one that I am confident will strengthen Eastman
as a top-tier specialty chemical company with strong, stable
margins,” said Jim Rogers, chairman and chief executive officer
of Eastman. “The addition of Solutia will broaden our geogra-
phic reach into emerging geographies, particularly Asia Pacific,
establish a powerful combined platform with extensive organic
growth opportunities, and expand our portfolio of sustainable
products, all of which are consistent with our growth strategy.
“This transaction is also expected to deliver immediate value to
our stockholders in the form of accretion and strong cash gene-
ration, as well as create potential upside through the combina-
tion of two leading global chemical companies,” said Rogers.
“This complementary transaction will accelerate the growth of
our businesses around the world. The shared commitment to
innovation, quality and technical service will allow us to better
serve our customers and creates opportunity for our employees
around the globe,” said Jeffry N. Quinn, chairman, president
and chief executive officer of Solutia. “This transaction provides
Solutia’s shareholders with immediate value and an attrac-
tive premium, as well as the opportunity to benefit from the
future prospects of a leading global chemicals producer with
the financial strength, a diversified mix of premium products,
and the geographic footprint to capitalize on long-term growth
opportunities.”
“I commend the excellent management team and employees of
Solutia. Over the past several years, Solutia has transformed it-
self into a financially strong, innovative performance materials
and specialty chemicals company, with enviable market leading
positions in virtually every market it serves,” added Rogers.
“That, in addition to both companies’ success integrating prior
acquisitions, gives me confidence we will achieve a smooth
transition. We look forward to welcoming Solutia employees to
Eastman.”
Structuring - Rhodia Announces New Director of Solvents
Antonio Leite, 45, is taking his new position as global director of
Rhodia Coatis’ Solvents Business Unit. Working at Rhodia since
1988, Antonio Leite has a degree in chemical engineering from
Unicamp (State University of Campinas) and specialization in
business management and marketing.
The executive started his career at Rhodia as an intern and
then a trainee. Along the way, he has held various positions in
manufacturing, supply chain, business and economic manage-
ment. Since 2006 he had been serving as business director of
Phenol and Derivatives, which is also part of Rhodia Coatis, a
GBU (Global Business Unit) of the Rhodia group that is managed
from Brazil.
Antonio Leite’s primary mission will be to speed up the interna-
tionalization of Solvents, a core business for the Rhodia group,
which has been investing in the development of technologies,
processes and products in line with the principle of sustainabili-
ty. “We’ve expanded our range of products from renewable sour-
ces and developed processes and technologies which reduce the
impact of our business on the environment and human health.
It is a necessity of society in general that we have translated to
solutions for all of our company’s lines of business, including
solvents, of course,” Antonio Leite says. A clear testament to
Rhodia’s efforts is the AUGEO line of solvents produced from
renewable raw materials (glycerin) to replace and outperform
other products on the market that are highly harmful to the
environment and health. The benefits provided by the AUGEO
line explain why these products have been embraced not only in
Brazil, but also in export markets.