Alternative Energy industry alert provided by U.S. Equity News. As it moves forward with its long-range portfolio transformation and growth strategy, OM Group, Inc. (NYSE: OMG) recently announced that it has agreed to acquire Borchers GmbH, a leading European-based specialty coatings additive supplier. The Borchers operations will be integrated with OMG's existing Advanced Organics business. Founded in 1807 as a family-run business and formerly owned by Bayer AG, Borchers has belonged to the Lanxess Group since 2004.
ADA-ES, Inc. (NASDAQ: ADES) recently announced that it has been awarded a contract to supply a mercury emission control system for a coal-fired generating unit in the north central region of the United States. The generating unit produces 380 gross megawatts of electricity and utilizes low sulfur Powder River Basin (PRB) coal from Wyoming. ADA-ES expects to deliver the system to the plant before the end of this year.
The Lubrizol Corporation (NYSE: LZ) and Croda International Plc have reached an agreement for Lubrizol to purchase Croda's refrigeration lubricants business. This business had revenues of approximately $84 million over the last twelve months. The acquisition includes Croda's polyol ester and alkyl benzene refrigeration lubricant technology, Emkarate(R) and Icematic(R) brand names, customer lists, manufacturing know-how and complementary intellectual property.
ALL Fuels & Energy Company (OTCBB: AFSE) recently announced that it has opened its new web site, www.allfuelsandenergy.com."We've designed the web site to be investor friendly," said Dean Sukowatey, President, ALL Fuels & Energy. "We think that this avenue for communication also allows us to provide shareholders and market participants with vital information about our company."
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