October 18, 2026

Chemical M&A

A list of chemical M&A deals . . .

October 13, 2026

Tosoh To Acquire Remaining HDI Shares from Asahi Kasei

Tosoh Strengthens HDI Value Chain with Full Acquisition of Nanyo Kasei

Tosoh to Take Full Ownership of HDI Producer Nanyo Kasei

Tosoh Corporation announced plans to acquire the remaining 50% ownership stake in Nanyo Kasei Co., Ltd. from Asahi Kasei Corporation, making the HDI monomer producer a wholly owned Tosoh subsidiary. The transaction is expected to close on March 31, 2027.

Nanyo Kasei, established in 1980 as a joint venture between the two companies, manufactures hexamethylene diisocyanate (HDI) monomer, a key raw material used in high-performance coatings, adhesives, and specialty polyurethane applications.

The acquisition is intended to strengthen Tosoh’s supply security for HDI monomer and support the continued growth of its HDI derivatives business. The move is particularly significant following the September 2026 startup of Tosoh’s new HDI derivatives production facility, which will require a stable and reliable supply of upstream feedstock.

The transaction highlights ongoing efforts by chemical manufacturers to increase vertical integration and secure critical raw material supply chains in specialty chemical markets.

https://www.tosoh.com/news-press/news-releases/2026/tosoh-to-acquire-shares-of-nanyo-kasei-and-make-it-a-wholly-owned-subsidiary

October 5, 2026

VPC Group Acquires Domfoam

VPC Group Acquires Domfoam’s Business and Operating Assets

TORONTO, Ontario – VPC Group, a leading Canadian manufacturer of polyurethane foam products announced the acquisition of the business and operating assets of Domfoam, a Montréal-based polyurethane foam manufacturer.

The acquisition strengthens VPC’s Canadian foam business and adds production capacity to support the needs of furniture and bedding manufacturers. It brings together complementary businesses with a shared focus on serving customers.

“Domfoam is a strong fit for VPC,” said Peter Farah, CEO of VPC Group. “We are pleased to build on Domfoam’s experience and customer relationships. This investment gives us greater capacity to support our customers, and our focus is clear: quality products, reliable service and helping them grow.”

VPC’s priority through the transition is to work closely with Domfoam’s customers to understand their needs and support their businesses.

The acquisition represents a further investment in Canadian manufacturing and VPC’s long-term growth.

www.vpcgroup.com

September 28, 2026

Evonik Rejects BASF Bid

Evonik rejects €10.3B bid from BASF – FT

Sep 28, 2026, 10:11 AM ETEvonik Industries AG (EVKIY) Stock, EVKIF Stock, BASFY Stock, BFFAF StockBy: Joshua Fineman, SA News Editor

Evonik (EVKIY) (EVKIF) turned down a €10.3 billion from larger German rival BASF (BASFY) (BFFAF).

BASF (BASFY) rejected an offer of about €22.15 per share as an initial approach, according to a Financial Times report on Monday, which cited people familiar with the matter. Evonik (EVKIY) said the offer was too low to allow for formal talks or to allow BASF to conduct due diligence.

Evonik and RAG-Stiftung declined to comment to the FT.

Evonik rose 7.2% in German trading on Friday after the FT reported that BASF had approached its rival about a takeover. BASF (BASFY) recently made a proposal to Evonik (EKVIY) and its largest holders, the RAG-Stiftung foundation.

Evonik (EVKIF) confirmed in a statement on Friday that it received a non-binding approach from BASF (BASFY) on a takeover offer for all of Evonik’s shares. No talks are currently taking place. BASF said in a separate statement that it has had exploratory talks with RAG-Stiftung and Evonik about a potential takeover. The “course and outcome” of the talks “remain open” at this stage.

The FT reports come after Dealreporter last Monday first reported that BASF (BASFY) explored a potential deal with Evonik (EVKIF) this year.

https://seekingalpha.com/news/4647615-evonik-rejects-103b-bid-from-basf—ft?position=rta_news_sublogic2_main_2_textlink&messageid=2900&mailingid=47680044&serial=47680044.815&source=email_2900

September 24, 2026

EMCO to Acquire Pride

EMCO Acquires Pride, an Industrial Chemical Distributor in the U.S. Northeast

2026-09-24 09:40:32Source:ChemNet中文

North America’s renowned chemical distribution, custom blending and packaging service provider EMCO Chemical Distributors (hereinafter referred to as “EMCO”) announced today that it has signed an agreement to acquire all assets and business operations of Pride Chemical Solutions (hereinafter referred to as “Pride”). Pride is an industrial chemical distributor owned by the founding family, mainly serving the northeastern United States. The financial terms of this transaction have not been disclosed to the public.

Founded in 1970 by Arthur Dom Sr., and now led by Art Dom Jr., the company is headquartered in Holtsville, New York State, and has been a chemical distribution enterprise deeply rooted in the northeastern United States for many years. The company currently has more than 80 employees, and can complete the distribution, blending and packaging business of more than 3,000 inventory items for more than 1,500 cooperative customers in numerous downstream terminal markets. The enterprise has two distribution and packaging production bases, and is equipped with a dedicated transportation fleet, which can realize just-in-time delivery of chemicals.

Frank Belgonzi, Executive Chairman of the EMCO Board of Directors, said: “The acquisition of Pride is an important implementation of our strategic layout to expand EMCO’s business scope. In addition to relying on internal growth, we also continue to look for target enterprises with highly complementary businesses through mergers and acquisitions. I have known and worked with Art and the Pride management team for more than 35 years, and I have always respected them very much. In the future, we will invest resources to empower Pride and continue to grow and expand on the excellent foundation laid by the Dom family.”

Art Dom Jr., Chief Executive Officer of Pride, said: “When planning the future of Pride, I have always weighed carefully. More than 50 years ago, my father founded this company, but it was all the employees’ hard work, loyalty and responsibility that turned the founder’s vision into reality and created today’s Pride. For this reason, it is extremely important for me to find a partner that respects our brand, industry reputation and all employees, and I believe EMCO is such a suitable partner. Thank you to all the old and new colleagues of Pride. I sincerely appreciate everything everyone has done for the company, and I am very proud of the business we have built together, and I look forward to the continuation of Pride’s corporate heritage in a new stage.”

Jim Holcomb, Chief Executive Officer of EMCO, pointed out: “Pride has excellent industry reputation, stable supplier cooperation relationships, a dedicated employee team, and incomparable local infrastructure. These advantages have laid its leading position in the regional market. We look forward to working hand in hand with the Pride management team to help the future development of this enterprise and promote the overall business growth of EMCO.”

This transaction still needs to meet the conventional industry closing conditions to be completed. PKF Investment Bank served as the exclusive financial advisor for Pride’s sale this time.

About EMCO Chemical Distributors

EMCO Chemical Distributors is a leading chemical distribution, custom blending and packaging service provider in North America. Every year, the company completes the distribution and packaging work of chemicals with a total weight of more than 300 million pounds for more than 4,000 customers from all walks of life. EMCO operates eight distribution and packaging bases, an application laboratory and environmental protection service facilities, is equipped with advanced ISO 8 class 100,000 clean workshops, holds ISO 9001 and FSSC 22000 certifications, and has been recognized by the Global Food Safety Initiative.

https://news.chemnet.com/news-10253.html