October 10, 2022

Q3 Chemical M&A Transactions

Chemical Deal Results

http://www.chemicaldeals.com/Results.aspx?searchtext=&quarter=3rd+Quarter+2022

October 10, 2022

Q3 Chemical M&A Transactions

Chemical Deal Results

http://www.chemicaldeals.com/Results.aspx?searchtext=&quarter=3rd+Quarter+2022

October 7, 2022

Holcim Makes Another Acquisition

Holcim closes Polymers Sealants North America acquisition

• Leading provider of coating, adhesive and sealant solutions with 2022 net sales of USD 100 million
• Expanded waterproofing and coating solutions deliver significant roofing synergies
• Accelerates Holcim’s growth in Solutions & Products to reach 30% of Group net sales by 2025

Holcim has completed the acquisition of the Polymers Sealants North America (PSNA) division of Illinois Tool Works. PSNA is a leader in coating, adhesive and sealant solutions with 2022 estimated net sales of USD 100 million. With more than 150 employees and manufacturing plants in California, Arizona, Texas, Georgia and Massachusetts, PSNA will accelerate the growth of Solutions & Products, especially in waterproofing and coatings. PSNA’s innovation-driven approach is highly complementary to Holcim’s existing building envelope business and is expected to generate significant synergies.

Jamie Gentoso, Head Solutions & Products: “With PSNA we are broadening our waterproofing and coatings offering while delivering significant synergies with our roofing business. Building on their proven engineering and technical expertise, we will accelerate new product development and leading solutions together. I warmly welcome all PSNA employees into the Holcim family and look forward to investing in this business’ next era of growth together. By expanding our building envelope offering, together we can play a bigger role in providing innovative and sustainable solutions for energy-efficient buildings.”

PSNA’s innovation-driven solutions are used in construction as well as other industries such as aerospace composites and wind energy. PSNA is ideally positioned to capitalize on high-growth areas such as commercial re-roofing, green building and energy efficiency. This transaction adds to Holcim’s other recent acquisitions in roofing and insulation, from Firestone Building Products, Malarkey Roofing Products to SES. Pro-forma net sales for Holcim’s roofing and insulation business are on track to reach CHF 3.5 billion for 2022.

About Holcim

Holcim builds progress for people and the planet. As a global leader in innovative and sustainable building solutions, Holcim is enabling greener cities, smarter infrastructure and improving living standards around the world. With sustainability at the core of its strategy Holcim is becoming a net zero company, with its people and communities at the heart of its success. The company is driving circular construction as a world leader in recycling to build more with less. Holcim is 70,000 people around the world who are passionate about building progress for people and the planet through four business segments: Cement, Ready-Mix Concrete, Aggregates and Solutions & Products.

Learn more about Holcim on www.holcim.com, and by following us on LinkedIn and Twitter

https://www.holcim.com/media/media-releases/polymers-sealants-north-america-closing

October 7, 2022

Holcim Makes Another Acquisition

Holcim closes Polymers Sealants North America acquisition

• Leading provider of coating, adhesive and sealant solutions with 2022 net sales of USD 100 million
• Expanded waterproofing and coating solutions deliver significant roofing synergies
• Accelerates Holcim’s growth in Solutions & Products to reach 30% of Group net sales by 2025

Holcim has completed the acquisition of the Polymers Sealants North America (PSNA) division of Illinois Tool Works. PSNA is a leader in coating, adhesive and sealant solutions with 2022 estimated net sales of USD 100 million. With more than 150 employees and manufacturing plants in California, Arizona, Texas, Georgia and Massachusetts, PSNA will accelerate the growth of Solutions & Products, especially in waterproofing and coatings. PSNA’s innovation-driven approach is highly complementary to Holcim’s existing building envelope business and is expected to generate significant synergies.

Jamie Gentoso, Head Solutions & Products: “With PSNA we are broadening our waterproofing and coatings offering while delivering significant synergies with our roofing business. Building on their proven engineering and technical expertise, we will accelerate new product development and leading solutions together. I warmly welcome all PSNA employees into the Holcim family and look forward to investing in this business’ next era of growth together. By expanding our building envelope offering, together we can play a bigger role in providing innovative and sustainable solutions for energy-efficient buildings.”

PSNA’s innovation-driven solutions are used in construction as well as other industries such as aerospace composites and wind energy. PSNA is ideally positioned to capitalize on high-growth areas such as commercial re-roofing, green building and energy efficiency. This transaction adds to Holcim’s other recent acquisitions in roofing and insulation, from Firestone Building Products, Malarkey Roofing Products to SES. Pro-forma net sales for Holcim’s roofing and insulation business are on track to reach CHF 3.5 billion for 2022.

About Holcim

Holcim builds progress for people and the planet. As a global leader in innovative and sustainable building solutions, Holcim is enabling greener cities, smarter infrastructure and improving living standards around the world. With sustainability at the core of its strategy Holcim is becoming a net zero company, with its people and communities at the heart of its success. The company is driving circular construction as a world leader in recycling to build more with less. Holcim is 70,000 people around the world who are passionate about building progress for people and the planet through four business segments: Cement, Ready-Mix Concrete, Aggregates and Solutions & Products.

Learn more about Holcim on www.holcim.com, and by following us on LinkedIn and Twitter

https://www.holcim.com/media/media-releases/polymers-sealants-north-america-closing

October 5, 2022

Deltech Acquires Stanchem

Deltech Holdings Completes the Acquisition of StanChem

October 04, 2022 06:30 AM Eastern Daylight Time

BATON ROUGE, La.–(BUSINESS WIRE)–Deltech Holdings, LLC (“Deltech”), a leading producer of high-performance aromatic monomers, specialized crystal polystyrene, and resins for the coatings, composites, construction, and other end markets, announced today the acquisition of StanChem, Inc. (“StanChem”), a provider of emulsion polymers and protective coatings. Deltech is a portfolio company of SK Capital Partners (“SK Capital”). The terms of the deal were not disclosed.

“The strategic acquisition of StanChem represents a major step to further build out our capabilities in the CASE (coatings, adhesives, sealants, and elastomers) value chain. We look forward to partnering with Paul and the StanChem team during this next phase of growth”Tweet this

With more than 50 years of experience serving blue chip customers, StanChem offers emulsion polymers for architectural and industrial markets through StanChem Polymers, and a broad line of protective coatings through Albi Protective Coatings.

“StanChem has always been a premier provider of emulsion polymers and Albi has been an innovator in the protective coatings market. Over the last 5 years, we have worked to transform the business into a specialty polymer provider by focusing on proprietary product development and expansion of manufacturing capabilities. We look forward to the next chapter of our growth as a part of the Deltech team,” said Paul Stenson, current President and CEO of StanChem.

StanChem will operate as StanChem Resins, a division of the larger Deltech platform, and continue to be overseen by existing management. StanChem’s advanced R&D capabilities, portfolio of innovative products, excellent manufacturing flexibility, and strong customer relationships will complement Deltech’s existing monomers business, creating opportunities for the company to better serve its customers and find additional commercial opportunities in line with its vision.

“The strategic acquisition of StanChem represents a major step to further build out our capabilities in the CASE (coatings, adhesives, sealants, and elastomers) value chain. We look forward to partnering with Paul and the StanChem team during this next phase of growth,” said Jesse Zeringue, President and CEO of Deltech.

SK Capital acquired Deltech in August 2021, acquiring a majority interest.

“We remain excited about our investment and view the acquisition of StanChem as transformational for the business. Looking forward, we will continue our pursuit of selective M&A and focus on expanding the platform, seeking opportunities to enhance the value, quality, and breadth of solutions we bring to our customers,” said Jon Borell, a Managing Director of SK Capital.

Kirkland & Ellis LLP acted as legal counsel to SK Capital and Deltech Holdings in this transaction. Stanchem Inc. is a portfolio company of Artemis Capital Partners (“Artemis”).

Evercore acted as exclusive financial advisor and Morgan, Lewis & Bockius LLP served as legal counsel to Artemis and StanChem in this transaction.

About SK Capital
SK Capital is a private investment firm with a disciplined focus on the specialty materials, specialty chemicals, and pharmaceuticals sectors. The firm seeks to build strong and growing businesses that create substantial long-term economic value. SK Capital aims to utilize its industry, operating, and investment experience to identify opportunities to transform businesses into higher performing organizations with improved strategic positioning, growth, and profitability, as well as lower operating risk. SK Capital’s portfolio of businesses generates revenues of approximately $16 billion annually, employs more than 20,000 people globally, and operates 203 plants in 32 countries. The firm currently has approximately $6.6 billion of assets under management. For more information, please visit www.skcapitalpartners.com.

About Deltech Holdings, LLC
Based in Baton Rouge, LA, Deltech Holdings, LLC is a leading producer of specialty aromatic monomers, polystyrene and resins for use in coatings, composites, construction materials and other applications. The company is the largest producer globally of the specialty aromatic monomer products vinyl toluene, para-methyl styrene, and para-tertiary butyl styrene from its site in Baton Rouge, LA. Deltech also produces crystal polystyrene from its Troy, OH location.

https://www.businesswire.com/news/home/20221004005312/en/%C2%A0Deltech-Holdings-Completes-the-Acquisition-of-StanChem