Lehman Brothers Merchant Banking Partners and J.M. Huber Corp. have entered into a definitive agreement for Huber to acquire CP Kelco from Lehman Brothers. Huber currently owns a minority position in the company, which it acquired from Hercules Inc. in Feb. 2004. Terms of the agreement were not disclosed. Upon closing, it is expected that CP Kelco will become part of Huber’s Engineered Materials Sector, which includes Huber Engineered Materials and Noviant.
AgION Technologies are recipients of the NSF Food Safety Leadership Award for Technology Breakthrough. AgION Technologies antimicrobial agents are based on naturally occurring silver, and can be integrated into food packaging and processing systems, water filtration and delivery systems, food preparation surfaces, beverage dispensing, and others, without requiring significant capital investment. AgION’s antimicrobial broad-spectrum activity inhibits the growth of molds, fungi, yeast, and other forms of bacteria.
Ampac Packaging announces a financial partnership agreement with Kapak Corp. Under the terms of the agreement, Kapak will continue to operate independently, with Gary Bell, longtime president, continuing in his leadership position. Armed with a new influx of capital from Ampac, Kapak will now be able to take its accomplishments in the flexible pouch sector to an even higher level.