Mergers & Acquisitions
July 18, 2022
More On Carpenter/Recticel
CMA opens phase 2 investigation
Occasional information, Brussels, 18/07/2022 — 09:58 CET, 18.07.2022
As of this morning, the UK Competition and Markets Authority (the “CMA”) has published its decision that the remedy undertakings offered by Carpenter cannot be accepted by the CMA under the Enterprise Act 2002 and that it will refer the case to Phase 2 (the CMA’s publication can be found here.
This means that the CMA will investigate in more detail what impact the intended transaction will have on competition, and what remedy undertakings could be committed to by the parties in order to allow for clearance of the transaction.
Recticel is currently analyzing the impact of the CMA’s decision together with Carpenter and will provide an update about any further development in due time.
https://www.recticel.com/cma-opens-phase-2-investigation.html
July 13, 2022
Q2 Chemical M&A Activity
Chemical Deal Results
| Seller | Buyer | Business | Date |
|---|---|---|---|
| EverZinc (OpenGate Capital) | US Zinc (Aterian) | zinc oxide, zinc dust, and zinc metal products used in the tire, chemical, coatings and agriculture markets | 2nd Quarter 2022 |
| Noramco | Pharmaron Beijing | API site in Rhode Island | 2nd Quarter 2022 |
| DSM/Firmenich | Firmenich/DSM | merger of the 2 companies (animal nutrition, perfume and delivery, food and beverage, health and nutrition) – $13,000s combined | 2nd Quarter 2022 |
| Noble Gas Solutions | Air Water America | specialty gases, medical gases and industrial gases | 2nd Quarter 2022 |
| Cary Compounds | Geon (SK Capital) | PVC compounds | 2nd Quarter 2022 |
| Johnson Matthey | Nano One Materials | Battery Materials Canada (LFP facility in Canada) – $8v | 2nd Quarter 2022 |
| DSM | Lanxess/Advent JV | Engineered Materials (polyamides (PA6, PA66) as well as various specialty materials (PA46, PA410) and specialty polyesters as well as PPS) – €1,500s/€3.700v | 2nd Quarter 2022 |
| Alliance Adhesives | Applied Adhesives (Arsenal Capital) | regional supplier of adhesives and dispensing equipment solutions located in FL | 2nd Quarter 2022 |
| Trecora | Balmoral | high purity hydrocarbons and other petroleum-based products (including isopentane, normal pentane, isohexane and hexane) and synthetic waxes – $301s/$247v | 2nd Quarter 2022 |
| United Gilsonite Laboratories | Sika | coatings for consumer and DIY waterproofing applications | 2nd Quarter 2022 |
| Seller | Buyer | Business | Date |
|---|---|---|---|
| Lonza | Microsize | particle size reduction and control plant in PA | 2nd Quarter 2022 |
| OC Flavors | Shore Capital | natural and organic-compliant liquid and powdered flavors | 2nd Quarter 2022 |
| Perstorp | Petronas | acquisition of whole company (solutions with focus on the Resins & Coatings, Engineered Fluids and Animal Nutrition markets) – €1,334s/€2,300v | 2nd Quarter 2022 |
| HIG Capital | SK Capital | Valtris (plastic additives) | 2nd Quarter 2022 |
| Benjamin Moore | Gemini Coatings | Lenmar® Wood Finishes & Coatings | 2nd Quarter 2022 |
| Arsenal Capital (CPS Performance Technologies) | Cadre Holdings | Cyalume Technologies (light sticks) – $25s/$35v | 2nd Quarter 2022 |
| Carmelina Capital | SK Capital | Florachem (natural plant-based ingredients including citrus, pine, and specialty rosin resins) | 2nd Quarter 2022 |
| Mosaic Materials | Baker Hughes | carbon-dioxide capturing materials based on metal-organic frameworks | 2nd Quarter 2022 |
| Health Wright Products | IFF | custom formulations, encapsulation and packaging for the dietary supplement industry | 2nd Quarter 2022 |
| DSM | Avient | Protective Materials (including Dyneema brand high strength fiber) – $415s/$1,485v | 2nd Quarter 2022 |
http://www.chemicaldeals.com/Results.aspx?searchtext=&quarter=2nd+Quarter+2022
July 13, 2022
Q2 Chemical M&A Activity
Chemical Deal Results
| Seller | Buyer | Business | Date |
|---|---|---|---|
| EverZinc (OpenGate Capital) | US Zinc (Aterian) | zinc oxide, zinc dust, and zinc metal products used in the tire, chemical, coatings and agriculture markets | 2nd Quarter 2022 |
| Noramco | Pharmaron Beijing | API site in Rhode Island | 2nd Quarter 2022 |
| DSM/Firmenich | Firmenich/DSM | merger of the 2 companies (animal nutrition, perfume and delivery, food and beverage, health and nutrition) – $13,000s combined | 2nd Quarter 2022 |
| Noble Gas Solutions | Air Water America | specialty gases, medical gases and industrial gases | 2nd Quarter 2022 |
| Cary Compounds | Geon (SK Capital) | PVC compounds | 2nd Quarter 2022 |
| Johnson Matthey | Nano One Materials | Battery Materials Canada (LFP facility in Canada) – $8v | 2nd Quarter 2022 |
| DSM | Lanxess/Advent JV | Engineered Materials (polyamides (PA6, PA66) as well as various specialty materials (PA46, PA410) and specialty polyesters as well as PPS) – €1,500s/€3.700v | 2nd Quarter 2022 |
| Alliance Adhesives | Applied Adhesives (Arsenal Capital) | regional supplier of adhesives and dispensing equipment solutions located in FL | 2nd Quarter 2022 |
| Trecora | Balmoral | high purity hydrocarbons and other petroleum-based products (including isopentane, normal pentane, isohexane and hexane) and synthetic waxes – $301s/$247v | 2nd Quarter 2022 |
| United Gilsonite Laboratories | Sika | coatings for consumer and DIY waterproofing applications | 2nd Quarter 2022 |
| Seller | Buyer | Business | Date |
|---|---|---|---|
| Lonza | Microsize | particle size reduction and control plant in PA | 2nd Quarter 2022 |
| OC Flavors | Shore Capital | natural and organic-compliant liquid and powdered flavors | 2nd Quarter 2022 |
| Perstorp | Petronas | acquisition of whole company (solutions with focus on the Resins & Coatings, Engineered Fluids and Animal Nutrition markets) – €1,334s/€2,300v | 2nd Quarter 2022 |
| HIG Capital | SK Capital | Valtris (plastic additives) | 2nd Quarter 2022 |
| Benjamin Moore | Gemini Coatings | Lenmar® Wood Finishes & Coatings | 2nd Quarter 2022 |
| Arsenal Capital (CPS Performance Technologies) | Cadre Holdings | Cyalume Technologies (light sticks) – $25s/$35v | 2nd Quarter 2022 |
| Carmelina Capital | SK Capital | Florachem (natural plant-based ingredients including citrus, pine, and specialty rosin resins) | 2nd Quarter 2022 |
| Mosaic Materials | Baker Hughes | carbon-dioxide capturing materials based on metal-organic frameworks | 2nd Quarter 2022 |
| Health Wright Products | IFF | custom formulations, encapsulation and packaging for the dietary supplement industry | 2nd Quarter 2022 |
| DSM | Avient | Protective Materials (including Dyneema brand high strength fiber) – $415s/$1,485v | 2nd Quarter 2022 |
http://www.chemicaldeals.com/Results.aspx?searchtext=&quarter=2nd+Quarter+2022
July 11, 2022
Sherwin Williams Acquisition
The Sherwin-Williams Company is excited to announce we have completed the acquisition of Dur-A-Flex, Inc. effective July 1, 2022.
Through the acquisition, we bring two great floor coating companies together to support and help grow your business.
Dur-A-Flex brings more than 55 years of resinous flooring expertise with industry-leading technology – including its Poly-Crete® cementitious urethane concrete coatings, Accelera® polyurea performance topcoats, and fast-cure methyl methacrylate (MMA) systems – supported by a relentless focus on training and execution excellence.
We are very excited and confident that the combination of Sherwin-Williams and Dur-A-Flex will allow us to provide additional value and a stronger level of service as your go-to partner in resinous flooring. Here are just a few benefits our customers will experience as we integrate the two teams:
- Relentless focus on making our customers successful and accelerating their growth
- Enhanced resinous product portfolio unrivalled in the industry
- Formidable specification position supported by a dedicated spec-driving project development team
- An exceptional mix of industry subject matter expertise, and dedicated R&D and sales teams
- Sherwin-Williams’ unmatched distribution platform
- Integrated lead generation capabilities to drive additional business growth for our customers
- A culture of product innovation to delivers high-performing flooring solutions to create efficiencies in our customers’ operations
For more information about both organizations, click on the links below:
Sherwin-Williams High Performance Flooring
Dur-A-Flex
https://pages.s-w.com/na-us-en-resin-flooring-acquisition.html
July 11, 2022
Sherwin Williams Acquisition
The Sherwin-Williams Company is excited to announce we have completed the acquisition of Dur-A-Flex, Inc. effective July 1, 2022.
Through the acquisition, we bring two great floor coating companies together to support and help grow your business.
Dur-A-Flex brings more than 55 years of resinous flooring expertise with industry-leading technology – including its Poly-Crete® cementitious urethane concrete coatings, Accelera® polyurea performance topcoats, and fast-cure methyl methacrylate (MMA) systems – supported by a relentless focus on training and execution excellence.
We are very excited and confident that the combination of Sherwin-Williams and Dur-A-Flex will allow us to provide additional value and a stronger level of service as your go-to partner in resinous flooring. Here are just a few benefits our customers will experience as we integrate the two teams:
- Relentless focus on making our customers successful and accelerating their growth
- Enhanced resinous product portfolio unrivalled in the industry
- Formidable specification position supported by a dedicated spec-driving project development team
- An exceptional mix of industry subject matter expertise, and dedicated R&D and sales teams
- Sherwin-Williams’ unmatched distribution platform
- Integrated lead generation capabilities to drive additional business growth for our customers
- A culture of product innovation to delivers high-performing flooring solutions to create efficiencies in our customers’ operations
For more information about both organizations, click on the links below:
Sherwin-Williams High Performance Flooring
Dur-A-Flex
https://pages.s-w.com/na-us-en-resin-flooring-acquisition.html
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