NuEarth Corporation (NUEC.PK), a manufacturer and marketer of “Clean & Green” products and technology, has concluded its acquisition of AB Technology, SA of Lokeren, Belgium. (AB Tech). AB Tech is a Northern European provider of “green” biodegradable cleaners and paint strippers. AB Tech’s sales for 2009 were in excess of $4 million.
This merger of NuEarth and AB Tech marks a major milestone in the product offerings now available to their respective clients. Currently, a large number of industries, institutions and public sectors enhance their environments with solutions offered by the two organizations. Bringing them together provides a powerful platform for innovating and supporting the needs of their clients. The combined savings from the synergies will yield $2.1M to the bottom line while the addition product mix will add $7.5M to the top line”
“NuEarth Corporation is the US exclusive distributor of NuSoil; AquaSolv; Dustblock; and Roadbinder. Through this combination NuEarth now will become the exclusive distributor for ABTech’s line of biodegradable cleaners and strippers,” said Alfon Rosalini, Senior Vice President of NuEarth. “The combination will greatly strengthen NuEarth by accelerating the growth strategy and enhancing the brand portfolio of the company. This will clearly be a win for both companies’ customers while significantly enhancing value for all shareholders. We will have a total combined global footprint and the leading service organization in the industry capable of a major expansion to serve the needs of both our existing and future customers.”
The Dow Chemical Company (NYSE:DOW) will showcase its new solutions designed for photovoltaic manufacturers at this year�s 25th European Photovoltaic Solar Energy Conference and Exhibition (PVSEC) in Valencia, Spain (stand L3/H4/B4, Hall 4, Feria Valencia). Dow�s photovoltaic solutions can help increase solar cell efficiency and solar module durability, improve device performance at lower cost, and enable widespread adoption of solar energy. Solutions being showcased include:
Dow�s ENLIGHT cleaning, texturizing, imaging and metallization solutions to enhance performance in solar cell manufacturing,
Dow�s ADCOTE and MOR-FREE adhesives for module fabrication for long-term durability with improved environmental profile,
Dow�s new innovative ENLIGHT Polyolefin Encapsulant Films used as protective encapsulants help lower total module system costs and provide for improved productivity and extended reliability,
DOWTHERM and SYLTHERM heat transfer fluid solutions for solar grade silicon production,
Dow�s Polyglycol CF fluid for a higher quality experience in slicing silicon wafers.
Solar cell efficiency is the primary measure of device performance. Higher cell efficiencies translate into lower costs, which enable widespread adoption of this renewable energy alternative. Dow Electronic Materials business� ENLIGHT metallization, imaging, cleaning and texturizing materials enable improvements in solar cell efficiency, and lower the solar cell manufacturing cost. As the leader in front side metallization using plating chemistry, Dow�s products have successfully been used in commercial scale cell production.
Darling International Inc. (NYSE:DAR) reports net income of $11.4 million, or $0.14 per share, for the second quarter ended July 3, 2010. Sales and results of operations for the second quarter as compared to the same period of the prior year are as follows:
For the second quarter of 2010, the company reported net sales of $166.2 million as compared to $155.3 million for the second quarter of 2009. Higher finished product prices and increased raw material volume accounted for the majority of the $10.9 million increase.
Net income for the second quarter of 2010 was $11.4 million, or $0.14 per share, as compared to $11.7 million, or $0.14 per share, for the 2009 comparable period. The $0.3 million decrease in net income for the second quarter resulted from increased operating costs and depreciation / amortization expense related to acquisitions and the company’s investment into its renewable diesel joint venture project.
For the six months ended July 3, 2010, the company reported net income of $22.8 million, or $0.28 per share, as compared to $16.5 million, or $0.20 per share, for the 2009 comparable period. The $6.3 million increase in net income for the six months ended July 3, 2010, resulted primarily from higher finished product prices and increases in both volume and yield of raw material.
Darling International Inc. is the largest publicly traded, food processing by-products recycling company in the United States. The Company recycles used restaurant cooking oil and by-products from the beef, pork and poultry processing industries into useable products such as tallow, feed-grade fats, meat and bone meal and hides. These products are primarily sold to agricultural, leather, oleo-chemical and bio-diesel manufacturers around the world. In addition, the Company provides grease trap collection services and sells equipment to restaurants.
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