Epoxy
January 10, 2022
Q4 Chemical M&A
Chemical Deal Results
Seller | Buyer | Business | Date |
---|---|---|---|
Jarchem Innovative Ingredients | Vertellus | specialty ingredients and nature-based products | 4th Quarter 2021 |
Advanced Research Chemicals | Inhance Technologies (Aurora Capital) | high purity specialty chemicals and materials | 4th Quarter 2021 |
Industrial Chemicals, Inc. | Colinial Chemical Solutions | industrial chemicals and services including repackaging, storage, custom blending, contract storage and packaging, and chemical logistical support. | 4th Quarter 2021 |
Dyvex Group | The Protech Group | plastic compounds for flavor, fragrance and odor control products | 4th Quarter 2021 |
Wörwag | PPG | coatings for industrial and automotive applications -€220s | 4th Quarter 2021 |
BASF | Clariant | manufacturing site in Quincy, Florida and the associated attapulgite business – $36s/$60v | 4th Quarter 2021 |
Bridgestone | Endeavor United | chemical solutions business – $500s | 4th Quarter 2021 |
GCP Applied Technologies | Saint-Gobain | acquisition of whole company (concrete additives and barriers to control water, air and vapor diffusion) -$903s/$2,300v | 4th Quarter 2021 |
CMC Materials (formerly Cabot Microelectronics) | Entegris | acquisition of whole company (materails primarily for the semiconductor industry) – $1,200s/$6,500v | 4th Quarter 2021 |
Croda | Cargill | Bio-based Industrial Chemicals – $1,030v | 4th Quarter 2021 |
Seller | Buyer | Business | Date |
---|---|---|---|
Roscom | Geon | PVC compounding | 4th Quarter 2021 |
Spray-Tek | Aurora Capital | spray drying and ingredient processing solutions, principally serving the food and beverage, personal and home care, and pharmaceutical and nutraceutical end markets | 4th Quarter 2021 |
Verdia | Seal For Life (Arsenal Capital) | polymeric floor coatings | 4th Quarter 2021 |
Mascoat | Seal For Life (Arsenal Capital) | thermal insulation coatings, anti-condensation, and sound damping coatings | 4th Quarter 2021 |
Evans Chemetics (Bruno Bock) | Reagens USA | thioesters | 4th Quarter 2021 |
Georgia-Pacific | Bakelite Synthetics | phenolic resins | 4th Quarter 2021 |
SK Capital | Polyventive (Arsenal Capital) | surfactants and dyes & pigments businesses of Tri-TexCo Inc and Trichromatic-West, Inc | 4th Quarter 2021 |
Materia | ExxonMobil | thermoset resins | 4th Quarter 2021 |
Bird Song Adhesives | Applied Adhesives (Arsenal Capital) | adhesives | 4th Quarter 2021 |
Intarome | The Riverside Company | fragrances | 4th Quarter 2021 |
Seller | Buyer | Business | Date |
---|---|---|---|
American Sealants | Meridian Adhesives (Arsenal Capital) | product assembly adhesives and sealants | 4th Quarter 2021 |
Arsenal/HIG | HIG/Arsenal | merger of USALCO (aluminum-based chemicals used in water and wastewater treatment and in refineries) and G2O Technologies (chemicals used in the potable, industrial, and wastewater treatment sectors) | 4th Quarter 2021 |
Cabot Corporation | One Equity Partners | purification solutions business (Norit Activated Carbon) – $257s/$11v | 4th Quarter 2021 |
Johnson Matthey | Fenzi Holdings (Arsenal Capital) | Advanced Glass Technologies (glass enamels and precious metal pastes supplied mainly to the automotive sector) | 4th Quarter 2021 |
Hexion | Westlake | epoxy business – $1,500s/$1,200v | 4th Quarter 2021 |
Custome Essence | Givaudan | fragrances – $40s | 4th Quarter 2021 |
Goldman Sachs | Advent International | Caldic (life science and specialty chemical distribution) $1,100s | 4th Quarter 2021 |
BASF | KaMin (IMin Partners) | kaolin minerals | 4th Quarter 2021 |
Lone Star Funds | Sika | MBCC (construction chemicals) – €2,700s/€5,200v | 4th Quarter 2021 |
BASF | Entegris | Precision Microchemicals (high-purity materials, including cleaning chemistries and chemical mechanical planarization slurries) | 4th Quarter 2021 |
Seller | Buyer | Business | Date |
---|---|---|---|
Purolite | Ecolab | ion exchange resins – $400s/$3,700v | 4th Quarter 2021 |
RM Lucas Company | Artemis Capital | coatings, sealants and adhesives | 4th Quarter 2021 |
Troy Corporation | Arxada (Bain Capital & Cinven) | microbial control solutions used in paints & coatings, wood protection and preservation, home and personal care, plastics and textiles, energy and metalworking fluids | 4th Quarter 2021 |
AvCarb Material Solutions | Arsenal Capital | engineered carbon-based materials for critical electrochemical, friction, and thermal applications | 4th Quarter 2021 |
Rogers Corporation | DuPont | acquisition of whole company (electronic materials) – $913s/$5,200v | 4th Quarter 2021 |
Eastman | Synthomer | adhesive resins – $484s/$1,000v | 4th Quarter 2021 |
J. Meyer & Sons | Chroma Color | custom and proprietary colour concentrates and masterbatches for the medical and pharmaceutical markets. | 4th Quarter 2021 |
Cypress Performance Group | Milliken | Encapsys (microencapsulation solutions) | 4th Quarter 2021 |
Edgewater Capital | Synalloy | Danchem (specialty chemicals contract manufacturing) – $30s/$33v | 4th Quarter 2021 |
ADQ | Applied Adhesives (Arsenal Capital) | adhesives and associated dispensing equipment | 4th Quarter 2021 |
Seller | Buyer | Business | Date |
---|---|---|---|
Epoxytec International | Tnemec | epoxies, protective and structural-grade coatings and linings. | 4th Quarter 2021 |
DecoArt | MPE Partners | manufacture of paints and finishes used in arts, crafts, and home decorating applications | 4th Quarter 2021 |
Lynx Thermoset Coatings | The Protech Group | thermoset powder coatings | 4th Quarter 2021 |
Baze Chemical | Verdant (OpenGate Capital) | ethoxylated chemicals for oil and gas production, mining and water treatment | 4th Quarter 2021 |
American Chemical | Applied Adhesives (Arsenal Capital) | adhesives and sealants | 4th Quarter 2021 |
PMC Capital Partners | Epsilyte (Balmoral Funds) | StyroChem Canada (expandable polystyrene) | 4th Quarter 2021 |
http://www.chemicaldeals.com/Results.aspx?searchtext=&quarter=4th+Quarter+2021
January 6, 2022
Van Horn & Metz Acquires Ivanhoe Industries (Tullytown PA)
FOR IMMEDIATE RELEASE
Conshohocken, PA (December 27, 2021) Van Horn, Metz & Co., Inc.,
(VHM) a globally-sourced, specialty raw material distributor for paints,
coatings, plastics and inks, is pleased to announce the acquisition of
Ivanhoe Industries, Inc. of Tullytown, PA, a distributor of industrial
chemicals for personal care, rubber, elastomers and lubricants.
Discussions began in June 2021 and the agreement was finalized
December 23, 2021.
“Van Horn, Metz engaged in discussions with Ivanhoe Industries to
offer customers a more complete palate of specialty raw materials,” said
Barry Fisher, President of VHM. “In our uncertain times, adding
Ivanhoe’s sourcing contacts strengthens the merged business for
customers and our supply chain partners.”
This acquisition highlights VHM’s understanding that manufacturing
relies on raw materials, but sourcing materials is time-consuming and
challenging. With VHM and Ivanhoe Industries, customers will get the
specialty raw materials they need to create innovative products that will
help grow their business.
“We are excited about the combination of these two organizations and
look forward to maintaining and growing the relationships that both
have built,” said Andy Romano, VP & Director of Sales. “We look forward
to maintaining and improving products and services customers are
accustomed to with Ivanhoe Industries as they become part of VHM.”
Ivanhoe Industries, Inc. Overview:
Ivanhoe Industries, Inc. is a distributor of industrial chemicals. The
company was founded in 1983. Since its inception, the company
dedicated itself to serving its broad customer base, while simultaneously
developing strategic partnerships with its suppliers. The products that
we sell are made both domestically and overseas. We take a global
approach when it comes to product sourcing and have the logistical
know-how that is needed to ensure that every interaction with Ivanhoe
Industries is one that is easy and seamlessly executed. Our main
warehouse and office is located in an industrial park in Tullytown,
Pennsylvania just outside of Philadelphia. We are strategically
positioned to handle both domestic and international cargo shipments,
and to coordinate all the logistical details.
https://www.vanhornmetz.com/vhm-acquisition/
January 6, 2022
Van Horn & Metz Acquires Ivanhoe Industries (Tullytown PA)
FOR IMMEDIATE RELEASE
Conshohocken, PA (December 27, 2021) Van Horn, Metz & Co., Inc.,
(VHM) a globally-sourced, specialty raw material distributor for paints,
coatings, plastics and inks, is pleased to announce the acquisition of
Ivanhoe Industries, Inc. of Tullytown, PA, a distributor of industrial
chemicals for personal care, rubber, elastomers and lubricants.
Discussions began in June 2021 and the agreement was finalized
December 23, 2021.
“Van Horn, Metz engaged in discussions with Ivanhoe Industries to
offer customers a more complete palate of specialty raw materials,” said
Barry Fisher, President of VHM. “In our uncertain times, adding
Ivanhoe’s sourcing contacts strengthens the merged business for
customers and our supply chain partners.”
This acquisition highlights VHM’s understanding that manufacturing
relies on raw materials, but sourcing materials is time-consuming and
challenging. With VHM and Ivanhoe Industries, customers will get the
specialty raw materials they need to create innovative products that will
help grow their business.
“We are excited about the combination of these two organizations and
look forward to maintaining and growing the relationships that both
have built,” said Andy Romano, VP & Director of Sales. “We look forward
to maintaining and improving products and services customers are
accustomed to with Ivanhoe Industries as they become part of VHM.”
Ivanhoe Industries, Inc. Overview:
Ivanhoe Industries, Inc. is a distributor of industrial chemicals. The
company was founded in 1983. Since its inception, the company
dedicated itself to serving its broad customer base, while simultaneously
developing strategic partnerships with its suppliers. The products that
we sell are made both domestically and overseas. We take a global
approach when it comes to product sourcing and have the logistical
know-how that is needed to ensure that every interaction with Ivanhoe
Industries is one that is easy and seamlessly executed. Our main
warehouse and office is located in an industrial park in Tullytown,
Pennsylvania just outside of Philadelphia. We are strategically
positioned to handle both domestic and international cargo shipments,
and to coordinate all the logistical details.
https://www.vanhornmetz.com/vhm-acquisition/
January 5, 2022
Callahan Acquired
Tilley-Phoenix Group Acquires Callahan Chemical
Here at Tilley-Phoenix Group, we are excited to carry the momentum we started in 2021 into a new year. We closed Q3 and Q4 with the transformative acquisition of Ingredients Solutions, LLC and an important merger with flavor and fragrance leader Phoenix. Today, Tilley-Phoenix acquires Callahan Chemical Company, a leading regional supplier and distributor providing clients with Specialty Chemical, Ingredient, & CASE solutions.
Callahan Chemical Company At A Glance
- Based in: Palmyra, New Jersey
- Founded: 1958
- Company Size: 50-200 employees
- Notable Specialties: Adhesives, elastomers, coatings, pharmaceutical, personal care
Our new partnership with Callahan gives Tilley-Phoenix more tools and resources to better serve existing and new customers in several industries. In the months ahead, expect to see Tilley-Phoenix continue to integrate our new partners to improve our product lines and enhance our services. The combined group will be able to provide even more value to our clients & supply partners.
Full press release is below.
Tilley-Phoenix Group Completes the Acquisition of Callahan Chemical
Tilley-Phoenix Group is pleased to announce the addition of Callahan Chemical Company to expand its product portfolio and geographic reach
Palmyra, New Jersey – January 4, 2021 — Tilley-Phoenix Group (“Tilley-Phoenix” or the “Company”), a leading U.S. based specialty ingredients distributor and value-added service provider, and portfolio company of SK Capital Partners (“SK Capital”), announced today the acquisition of Callahan Chemical Company (“Callahan”), a regional distributor of high-quality ingredients and compounds serving a diverse set of end markets including, food and beverage, personal care and cosmetics, pharmaceuticals and nutraceuticals, HI&I (household institutional and industrial) and CASE (coatings, adhesives, sealants and elastomers). The acquisition of Callahan aligns with the Company’s vision in creating a specialized, world-class supplier of high-quality ingredients supported by a robust value-added service offering.
“We are extremely pleased to complete the acquisition of Callahan Chemical, believing it represents a highly complementary
business with shared values and vision as a specialty-focused distributor supported by a strong value-added service foundation.
We look forward to partnering with the Callahan team as we enhance the value we bring to existing and new customers,” said Jean-Paul Benveniste, President and CEO of Tilley-Phoenix.
Callahan is a leading regional distributor offering optimized chemical distribution solutions aligned to individual customer requirements. Callahan’s mission is supported by a comprehensive portfolio of value-added services, including regulatory and technical support, custom formulation, in-house laboratory quality assurance and quality control, blending, storage and packaging, and repackaging. Callahan distributes a broad portfolio of products sold into regulated markets, which complement the existing Tilley-Phoenix platform while also expanding the Company’s product offering and market focus with a full-line offering of CASE products. “Since its founding in 1958 by my father James B. Callahan, Callahan Chemical has consistently provided outstanding value to its customers, suppliers, and employees. We are confident that by joining the Tilley-Phoenix Group the opportunity to increase our value-added services will be greatly enhanced,” said John Callahan, CEO of Callahan Chemical.
The addition of Callahan to Tilley-Phoenix provides customers with state-of-the-art regulatory and technical support, broader logistics expertise, and an enhanced product offering of value-added ingredients for applications in regulated markets. “Callahan, like Tilley-Phoenix, brings a strong value-added approach to serving its suppliers and customers. The acquisition enhances the platform’s geographic reach, which is particularly compelling for our shared supplier base,” said Sean Tilley, President and COO of Distribution.
Looking forward, Tilley-Phoenix plans to continue its pursuit of selective M&A, focused largely on specialty products sold into regulated markets. The Company continues to focus on expanding the value-added platform, seeking targeted opportunities to enhance the value, quality, and breadth of solutions we bring to both customers and suppliers. Callahan represents the third acquisition of 2021 for Tilley-Phoenix.
Klehr Harrison LLP acted as legal counsel to Tilley-Phoenix and committed debt financing was led by Madison Capital Funding
LLC.
About Tilley-Phoenix Group
Formed through the merger of Tilley Co. and Phoenix Aromas and Essential Oils, Tilley Phoenix is a value-added specialty ingredients distributor serving food and beverage, fragrance, personal care and cosmetics, HI&I (household institutional and industrial) and pharmaceutical markets. The Company seeks to act as a direct extension of their suppliers’ selling networks to effectively partner and service broader customer networks. Tilley-Phoenix operates modern, efficient global distribution facilities to serve its customers’ just-in-time production needs. The Company offers a comprehensive portfolio of value-added services, including regulatory & technical support, full-service QA/QC laboratory, custom formulation, custom blending & packaging, and specialty storage.
Tilley-Phoenix has created a business environment based on open communication, product safety, and superior service. Tilley[1]Phoenix is a member of the International Fragrance Association, OmniChem Alliance, the National Association of Chemical
Distributors, and the Food Ingredient Distributors Association. Tilley-Phoenix is committed to working with suppliers and manufacturers who practice sustainable and ethical production and sourcing.
January 5, 2022
Callahan Acquired
Tilley-Phoenix Group Acquires Callahan Chemical
Here at Tilley-Phoenix Group, we are excited to carry the momentum we started in 2021 into a new year. We closed Q3 and Q4 with the transformative acquisition of Ingredients Solutions, LLC and an important merger with flavor and fragrance leader Phoenix. Today, Tilley-Phoenix acquires Callahan Chemical Company, a leading regional supplier and distributor providing clients with Specialty Chemical, Ingredient, & CASE solutions.
Callahan Chemical Company At A Glance
- Based in: Palmyra, New Jersey
- Founded: 1958
- Company Size: 50-200 employees
- Notable Specialties: Adhesives, elastomers, coatings, pharmaceutical, personal care
Our new partnership with Callahan gives Tilley-Phoenix more tools and resources to better serve existing and new customers in several industries. In the months ahead, expect to see Tilley-Phoenix continue to integrate our new partners to improve our product lines and enhance our services. The combined group will be able to provide even more value to our clients & supply partners.
Full press release is below.
Tilley-Phoenix Group Completes the Acquisition of Callahan Chemical
Tilley-Phoenix Group is pleased to announce the addition of Callahan Chemical Company to expand its product portfolio and geographic reach
Palmyra, New Jersey – January 4, 2021 — Tilley-Phoenix Group (“Tilley-Phoenix” or the “Company”), a leading U.S. based specialty ingredients distributor and value-added service provider, and portfolio company of SK Capital Partners (“SK Capital”), announced today the acquisition of Callahan Chemical Company (“Callahan”), a regional distributor of high-quality ingredients and compounds serving a diverse set of end markets including, food and beverage, personal care and cosmetics, pharmaceuticals and nutraceuticals, HI&I (household institutional and industrial) and CASE (coatings, adhesives, sealants and elastomers). The acquisition of Callahan aligns with the Company’s vision in creating a specialized, world-class supplier of high-quality ingredients supported by a robust value-added service offering.
“We are extremely pleased to complete the acquisition of Callahan Chemical, believing it represents a highly complementary
business with shared values and vision as a specialty-focused distributor supported by a strong value-added service foundation.
We look forward to partnering with the Callahan team as we enhance the value we bring to existing and new customers,” said Jean-Paul Benveniste, President and CEO of Tilley-Phoenix.
Callahan is a leading regional distributor offering optimized chemical distribution solutions aligned to individual customer requirements. Callahan’s mission is supported by a comprehensive portfolio of value-added services, including regulatory and technical support, custom formulation, in-house laboratory quality assurance and quality control, blending, storage and packaging, and repackaging. Callahan distributes a broad portfolio of products sold into regulated markets, which complement the existing Tilley-Phoenix platform while also expanding the Company’s product offering and market focus with a full-line offering of CASE products. “Since its founding in 1958 by my father James B. Callahan, Callahan Chemical has consistently provided outstanding value to its customers, suppliers, and employees. We are confident that by joining the Tilley-Phoenix Group the opportunity to increase our value-added services will be greatly enhanced,” said John Callahan, CEO of Callahan Chemical.
The addition of Callahan to Tilley-Phoenix provides customers with state-of-the-art regulatory and technical support, broader logistics expertise, and an enhanced product offering of value-added ingredients for applications in regulated markets. “Callahan, like Tilley-Phoenix, brings a strong value-added approach to serving its suppliers and customers. The acquisition enhances the platform’s geographic reach, which is particularly compelling for our shared supplier base,” said Sean Tilley, President and COO of Distribution.
Looking forward, Tilley-Phoenix plans to continue its pursuit of selective M&A, focused largely on specialty products sold into regulated markets. The Company continues to focus on expanding the value-added platform, seeking targeted opportunities to enhance the value, quality, and breadth of solutions we bring to both customers and suppliers. Callahan represents the third acquisition of 2021 for Tilley-Phoenix.
Klehr Harrison LLP acted as legal counsel to Tilley-Phoenix and committed debt financing was led by Madison Capital Funding
LLC.
About Tilley-Phoenix Group
Formed through the merger of Tilley Co. and Phoenix Aromas and Essential Oils, Tilley Phoenix is a value-added specialty ingredients distributor serving food and beverage, fragrance, personal care and cosmetics, HI&I (household institutional and industrial) and pharmaceutical markets. The Company seeks to act as a direct extension of their suppliers’ selling networks to effectively partner and service broader customer networks. Tilley-Phoenix operates modern, efficient global distribution facilities to serve its customers’ just-in-time production needs. The Company offers a comprehensive portfolio of value-added services, including regulatory & technical support, full-service QA/QC laboratory, custom formulation, custom blending & packaging, and specialty storage.
Tilley-Phoenix has created a business environment based on open communication, product safety, and superior service. Tilley[1]Phoenix is a member of the International Fragrance Association, OmniChem Alliance, the National Association of Chemical
Distributors, and the Food Ingredient Distributors Association. Tilley-Phoenix is committed to working with suppliers and manufacturers who practice sustainable and ethical production and sourcing.