TAGS: Sustainability / Natural Solutions Polymer Reinforcement
There is a lot that has happened in 2022 in terms of strategic business moves by the industry players. As we approach towards the end of the year, this is the right time to look back at all the key mergers and acquisitions that beacame the steppingstones to set a whole new dimension for polymer additives business segment and the end-users.
Path-breaking Deals Transforming Industry
Clariant Acquires BASF’s U.S. Based Attapulgite Business Assets
Clariant announces that it has completed the acquisition of BASF’s U.S. based Attapulgite business assets for USD 60 million in cash. Structured as an asset deal, the transaction includes the transfer of land as well as mining rights, the processing facility, and inventories, which will be integrated into Clariant’s Functional Minerals business.
The newly acquired attapulgite business is one of the largest miners and producers of attapulgite in North America. It encompasses mining operations in Georgia as well as Florida and processing operations in Quincy, Florida.
PCG Acquires Perstorp for Continued Focus on Specialty Solutions & Sustainability
Perstorp announces that it has been acquired by PETRONAS Chemicals Group Berhad (PCG), Malaysia´s integrated chemicals provider and part of PETRONAS Group.
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We are ready to advance further in our sustainability agenda. Perstorp’s Finite Material Neutral initiatives will serve as a catalyst for PCG’s projects towards our aspiration of Net Zero Carbon Emissions by 2050,” concluded Ir. Mohd Yusri, PCG managing director/ chief executive officer.
Perstorp Buys GEO’s Di-Methylolpropionic Acid Business
Perstorp has acquired GEO’s Di-Methylolpropionic Acid [DMPA®] business, further emphasizing its commitment as the sustainable specialty solution provider within the resins and coatings segment.
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We are excited to have found a partner in Perstorp who is committed to support the growing demand for DMPA. CPS will continue to focus on building our core businesses and this transaction enables us to streamline our portfolio as we invest in a number of capacity and product expansions throughout the company,” says Jeremy Steinfink, CEO of CPS Performance Materials.
DKSH to Acquire Terra Firma, a Specialty Chemicals Distributor in North America
DKSH signs the acquisition of Terra Firma, a distributor of specialty chemicals in North America. With this acquisition, DKSH expands its platform of the business unit performance materials to the USA and Canada.
The transaction, which is expected to close towards the end of year, will be valued at USD 360 million enterprise value. DKSH’s expertise in the distribution of life sciences ingredients offers a strong base to expand further into food, pharma, and personal care in North America.
Chase Corporation Acquires NuCera Solutions from SK Capital
An affiliate of funds advised by
SK Capital announces that it has completed the sale of NuCera Solutions to Chase Corporation. NuCera was acquired for a purchase price of $250.0 million, pending any working capital adjustments and excluding acquisition-related costs.
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Under SK Capital’s ownership, the success of NuCera was due in large part to the build-out of a strong leadership team and broader organization, which helped create a market leader well-positioned to continue its growth,” added Jonathan Borell, managing director of SK Capital.
LANXESS Acquires IFF's Microbial Control Business Unit
LANXESS completes the acquisition of the microbial control business unit of the U.S. group International Flavors & Fragrances Inc. (IFF).
LANXESS paid a preliminary purchase price of approximately USD 1.3 billion for the acquisition. The acquisition brings strategic biocidal active substances, a large registration package and strong brands which are a perfect fit for the LANXESS microbial control portfolio.
SK Capital Acquires Valtris, a Producer of Specialty Additives for Plastics
SK Capital Partners announces that its affiliates have completed the acquisition of Valtris Specialty Chemicals, from H.I.G. Capital.
Jack Norris, a managing director of SK Capital, stated, “
Valtris is a well-regarded producer of specialty additives that improve performance and deliver critical attributes for its customers. Over its 75-year history, the Company has developed a strong reputation as a premium solutions provider to its diverse customer base. We are excited that Valtris will be joining the portfolio of SK Capital, where we have significant experience in the additives markets through multiple prior investments.”
Prince Finalizes Ferro’s Acquisition, Combines with Chromaflo
Prince International Corporation, a portfolio company of American Securities has completed its acquisition of Ferro Corporation. Prince paid $22.00 per share in an all-cash transaction valued at approximately $2.1 billion.
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By combining Prince, Ferro and Chromaflo – all leaders in their own right – we have leading positions in highly attractive markets. We will be a company with strong material science and technology expertise to drive faster innovation, and our greater scale broadens our global footprint, enhancing our customer reach and giving us greater operational resilience. We have pulled leadership talent from all three companies to form a highly qualified management team."
DSM Completes Sale of Its Protective Materials Business to Avient
Royal DSM announces the completion of the sale of its Protective Materials business to Avient Corporation for an enterprise value of 1.45 billion euros. The agreement was initially announced on 20 April 2022. (including the Dyneema® brand).
The transaction covers all of DSM’s Protective Materials activities, chiefly consisting of Dyneema®. DSM anticipates a book profit of around 1 billion euros. DSM will receive approximately 1.35 billion euros net in cash.
SABIC Acquires Clariant’s 50% Stake in Scientific Design Company
SABIC has completed the purchase of Clariant’s 50% stake in specialties company Scientific Design. This transaction gives SABIC full ownership of Scientific Design, which is a licensor of high-performance process technologies and catalysts producer.
The acquisition will deepen SABIC’s growth in the specialties market. Last year, SABIC repositioned its Specialties division as a stand-alone strategic business unit to unlock organic and inorganic growth opportunities that are independent of feedstock dynamics.
Omya to Acquire Hall Technologies, a Specialty Chemicals Distributor
Omya enters an agreement to acquire Hall Technologies, Inc., a specialty chemical distributor headquartered in St. Louis, Missouri, with sales reach throughout the Midwest and Southern United States. The acquisition will enhance Omya’s distribution network in North America, further bolstering its position amongst the top-ranked global specialty distributors.
Jeff Laurent, president of Hall Technologies, added, “
We look forward to being part of the Omya Group. We strongly believe that by leveraging our combined businesses, we will continue to grow and offer superior value to our supplier network and customer base.”
Arxada Merges Business with Troy, a Microbial Control Solutions Manufacturer
Arxada has announced the completion of the merger with Troy Corporation, one of the leaders in microbial control solutions and performance additives.
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The completion of two strategic deals in our first six months as an independent company shows our commitment to strengthening our position as a partner of choice in microbial control through the addition of new applications and active ingredients to our portfolio. We are delighted to welcome our new colleagues and look forward to building on our combined expertise to deliver new solutions and services to our customers,” said Marc Doyle, chief executive officer of Arxada.
DL Chemical Finalizes Acquisition of Kraton
Kraton has announced that the merger pursuant to which DL Chemical Co., Ltd. ("DL Chemical") acquired Kraton, has been completed. DL Chemical acquired Kraton in an all-cash transaction valued at approximately 2.5 billion dollars.
The merger enables Kraton to strengthen its global presence by leveraging DL Chemical's manufacturing capabilities and footprint in the Asian market, along with its financial strength, allowing Kraton to further invest in industry-leading sustainable innovation.
Huber Engineered Materials Acquires MAGNIFIN, a Halogen-free FR Producer
The Huber Engineered Materials (HEM) acquisition of RHI Magnesita’s 50 percent ownership stake in the 50/50 joint venture, MAGNIFIN Magnesiaprodukte GmbH & Co. KG.
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This step forward demsabiconstrates our commitment towards our customers to support their growth and our clear strategy to grow our halogen-free fire retardant and specialty material business globally,” adds Victor Dean, general manager of HEM’s FRA strategic business unit.
Greenchemicals Acquires Palmarole for a Strategic Business Combination
Greenchemicals Srl, acquires majority shares of Palmarole, putting into effect a strategic business combination aimed at providing customers with even better support and professionality. Micaela Lorenzi, founder of GC, has taken the decision to enter into partnership with Palmarole in order to combine the two companies’ specific expertise and know-how.
Greenchemicals’ specialization in flame retardant additives and Palmarole’s experience in
UV stabilizers, antioxidants and clarifying agents, is a great opportunity to leverage the two companies consolidated competencies, to widen their offer on the market and to maximize their skills in customer’s support.
Source: Curated by SpecialChem