OM Group Scoops Up Chemical Maker From Unilever Unit

Law360, New York (January 4, 2012, 6:52 PM EST) -- Global metals manufacturer OM Group Inc. has purchased sustainable coatings developer Rahu Catalytics Ltd. from a Unilever unit in an effort to expand its foothold in the specialty chemicals industry, the company announced Wednesday.

The deal, reached for an undisclosed sum, gives Cleveland-based OM Group all intellectual property rights and master patents under Rahu Catalytics, which has developed an iron ligand-based method for manufacturing environmentally friendly coatings, composites and inks. As part of the agreement, OM Group will also receive all existing manufacturing and supply agreements...
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