Amidst the global flurry of takeovers, Bahrain-based Investcorp has announced the acquisition of Armacell International – a market leader in the development and production of flexible technical insulation.

Momentive Performance Materials, a new company created through the sale of GE's Advanced Materials business to Apollo Management, will now operate as a single global entity focused on technology and service excellence in the silicones, quartz and ceramics industries, says a company spokesman.

Leading paints manufacturer Hempel has announced the acquisition of Lacor, which will further add to the volumes to the company’s production.

The Corus, Tata Steel saga will cross another milestone when the shareholders of the Anglo-Dutch steelmaker meet this month to decide Tata Steel’s takeover bid of 608 pence a share. The decision is expected to formally close the deal and pave the way to make it effective from April 2.

Leading design houses Campbell Design and dpa have  amalgamated to form a single lighting design consultancy, which will see the combination of their strengths to provide a unique human resource in terms of experience and scale.