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W. R. GRACE & CO., Columbia, Md., a specialty chemical company, acquired Crosfield Group's hydroprocessing catalyst business from Imperial Chemical Industries P.L.C.
The Engelhard Corporation, a maker of catalysts that reduce emissions from vehicles and industrial processes, said it would cut 200 jobs as part of a plan to increase its petroleum-refining catalyst business.
After PFC had been built through acquisition into one of the leading firms in its niche in the catalyst business, it was sold for $164m in 1997 to an American chemicals firm.Small and beautifulThe influx of Americans, and the interest of a number of new European venture-capital firms, is beginning to worry investors.
Perstorp developed a commercial environmental catalyst business out of its in-house efforts to control emissions from its formaldehyde plants.
Synetix was created when UK-based chemical group ICI merged the catalyst business of Anglo-Dutch Unilever (including its margarine catalysis concern) with its own operations and some other purchases.
Others have been buying and selling businesses: Degussa sold its precious metal and catalyst business to OM Group of the United States, while Engelhard of the U.S. has bought businesses from Süd-Chemie and Targor of Germany.
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It said regulatory moves for cleaner vehicles would benefit its catalysts business for emission control devices.
At the time, Chief Executive Orin Smith said the technology had the potential to generate as much revenue as its traditional auto-catalyst business.
Getting insurance back to its roots as a catalyst for business and innovation requires more insurers to lead the way in emerging risks and business models.
If anything, by offering access to a wide range of data and thereby being a catalyst for business innovation, the service would be promoting competition, not hindering it.
But they also proved to be a catalyst for business, and 2002 may be a boom year for insurers like the American International Group, the Chubb Group and the Hartford.
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