Mergers & Acquisitions
August 4, 2020
Wanhua Forms Shipping JV
ADNOC L&S And Wanhua Chemical Group Form Strategic Shipping Joint Venture
Faizan Hashmi 4 hours ago Tue 04th August 2020 | 03:15 PM
ABU DHABI, (UrduPoint / Pakistan Point News / WAM – 04th Aug, 2020) ADNOC Logistics and Services, the shipping and maritime logistics subsidiary of the Abu Dhabi National Oil Company, ADNOC, announced today the formation of a new strategic joint venture with Wanhua Chemical Group. The new company named AW Shipping Limited is incorporated in Abu Dhabi Global Market.
This strategic agreement further strengthens the collaboration between ADNOC and Chinese companies and builds on the deep-rooted bilateral relations between China and the UAE. The joint venture underscores ADNOC’s focus on value-creating deals and will support the delivery of its 2030 smart growth strategy.
AW Shipping Limited will own and operate a fleet of very large gas carriers, VLGCs, and modern product tankers. The company will be responsible for transporting liquefied petroleum gas, LPG, cargoes and other petroleum products, sourced from the ADNOC Group and global suppliers, to Wanhua Group’s manufacturing bases in China and around the world. To deliver maximum fleet efficiency, the company may also pursue other market opportunities.
Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and ADNOC Group CEO, said, “We are very pleased to establish this strategic joint venture with Wanhua Chemical Group. This creative win-win partnership strengthens our growing relationship and will deliver greater value and efficiency for both our organizations. Importantly, the JV further solidifies ADNOC L&S’ position as the largest, fully integrated logistics and shipping company in the UAE and paves the way for the transportation of greater LPG volumes to China, in line with market demand.
“The establishment of AW Shipping supports ADNOC’s smart growth and value creation strategy and is another example of how ADNOC is stretching the margin from every molecule that we produce, refine, ship and sell, while also forging stronger partnerships in key growth markets.”
The formation of AW Shipping follows a 10-year LPG supply contract signed between ADNOC and Wanhua in November 2018.
ADNOC L&S is a crucial enabler in the ADNOC value chain, delivering oil, gas, and petroleum products to customers across the world.
It owns and operates the UAE’s largest shipping fleet, which it expects to grow further in the coming years as ADNOC increases its upstream and downstream production capacity, and enters into trading.
Liao Zengtai, Chairman of Wanhua Chemical Group, said, “We are very glad that joint venture has been established with the concerted efforts of both parties. The new company will strengthen the strategic cooperation between ADNOC and Wanhua and will also ensure the stable supply of LPG cargoes and other petroleum products for Wanhua system. More importantly, the cooperation will make contribution to the “One Belt, One Road” project.”
ADNOC L&S was formed in late 2016 from three ADNOC subsidiaries, ADNATCO, IRSHAD, and ESNAAD. The integration created synergies between shipping, marine services, offshore logistics, and onshore logistics to create the largest integrated shipping and maritime logistics company in the GCC. ADNOC L&S provides safe, reliable and cost-competitive maritime and logistic solutions to ADNOC Group companies and to more than 100 global customers.
The company creates value for its customers and partners through four major activities; firstly, shipping activities, either with its own vessels or via chartering, which includes crude and refined products, dry bulk, and LNG transport. Secondly, marine service activities which comprise petroleum port operations, diving, and oil spill response. Thirdly, offshore logistics activities that include offshore support vessels and an integrated logistics base in Mussafah, Abu Dhabi, one of the largest in the region. Finally, onshore activities which consist of a marine passenger terminal and a container terminal.
Last year, ADNOC L&S transported over 20 million metric tonnes of various oil & gas products and dry bulk commodities.
Wanhua Group is one of the world‘s leading producers for methylene diphenyl diisocyanate a key ingredient in the manufacture of high-performance adhesives and synthetic fibers, which go into a wide range of industries.
https://www.urdupoint.com/en/middle-east/adnoc-lamps-and-wanhua-chemical-group-form-992341.html
July 14, 2020
ICIS Acquisition
ICIS acquires Chemical Data Dear
We wanted to let you know about an exciting development at ICIS that could unlock new opportunities for you in a rapidly changing and uncertain marketplace. As of today, ICIS has acquired Chemical Data, LLC (CDI), a leading provider of US petrochemical price benchmarks, market analysis, and predictive analytics, powered by a team of industry experts with extensive experience.
For decades, ICIS has delivered comprehensive insight to the chemical and energy industries globally. CDI enhances our US coverage with access to one of the leading sources of US pricing intelligence, market analysis, and forecasting, deepening our market relationships and industry network. Together we will deliver deeper and comprehensive insight across the global chemical and plastics value chain when it is needed the most.
The acquisition enhances ICIS’ ability to deliver global price benchmark data, analytics and thought leadership that is established, trusted and differentiated by providing an even greater focus on US markets. This news demonstrates our joint commitment to supporting the chemical industry to make better informed decisions and brings significant benefits to our industry. Together our combined business will deliver: Access to the industry’s most comprehensive view of the global chemicals industry, which now includes a leading provider of US chemical intelligence delivered by a highly experienced team across both ICIS and CDI. Recognised price benchmarks in the US adding to complementary price benchmarks provided by ICIS in European and Asian markets. Even stronger global content and capabilities through the combination of CDI’s expertise and deep market connections in the US with ICIS’ global reach in dynamic international markets. Comprehensive analytical and consulting capabilities in both the US and global markets to identify future trends and regional dependencies. Deeper understanding of US segments, especially polymers, supported by deep market connections and strong brand recognition to deliver intelligence with trust and credibility. 
At ICIS, our team is committed to ensuring we partner with you to deliver the intelligence you require to make trusted, timely and critical business decisions when you need it the most, both now and in the future. Because only together, we can shape the future of the chemical industry.
To ensure your decisions are based on the best information available, please get in touch: clientsuccess@icis.com 
Dean Curtis President and CEO, ICIS
July 14, 2020
ICIS Acquisition
ICIS acquires Chemical Data Dear
We wanted to let you know about an exciting development at ICIS that could unlock new opportunities for you in a rapidly changing and uncertain marketplace. As of today, ICIS has acquired Chemical Data, LLC (CDI), a leading provider of US petrochemical price benchmarks, market analysis, and predictive analytics, powered by a team of industry experts with extensive experience.
For decades, ICIS has delivered comprehensive insight to the chemical and energy industries globally. CDI enhances our US coverage with access to one of the leading sources of US pricing intelligence, market analysis, and forecasting, deepening our market relationships and industry network. Together we will deliver deeper and comprehensive insight across the global chemical and plastics value chain when it is needed the most.
The acquisition enhances ICIS’ ability to deliver global price benchmark data, analytics and thought leadership that is established, trusted and differentiated by providing an even greater focus on US markets. This news demonstrates our joint commitment to supporting the chemical industry to make better informed decisions and brings significant benefits to our industry. Together our combined business will deliver: Access to the industry’s most comprehensive view of the global chemicals industry, which now includes a leading provider of US chemical intelligence delivered by a highly experienced team across both ICIS and CDI. Recognised price benchmarks in the US adding to complementary price benchmarks provided by ICIS in European and Asian markets. Even stronger global content and capabilities through the combination of CDI’s expertise and deep market connections in the US with ICIS’ global reach in dynamic international markets. Comprehensive analytical and consulting capabilities in both the US and global markets to identify future trends and regional dependencies. Deeper understanding of US segments, especially polymers, supported by deep market connections and strong brand recognition to deliver intelligence with trust and credibility. At ICIS, our team is committed to ensuring we partner with you to deliver the intelligence you require to make trusted, timely and critical business decisions when you need it the most, both now and in the future. Because only together, we can shape the future of the chemical industry.
To ensure your decisions are based on the best information available, please get in touch: clientsuccess@icis.com Dean Curtis President and CEO, ICIS
July 7, 2020
Meridian Adhesives Acquires E-Chem
Arsenal’s Meridian Adhesives Group Acquires E-Chem
DALTON, Georgia, July 6, 2020 – Meridian Adhesives Group (Meridian) announced today the acquisition of E-Chem.
Located in Albuquerque, New Mexico, E-Chem specializes in the design, manufacturing, marketing and supply of epoxy polymer products for concrete. These high-value products are used in the preservation, rehabilitation, repair and structural support of concrete surfaces and structures. The company serves multiple industries, including transportation authorities, petro-chemical processing, renewable energy, non-residential concrete construction and parking structure rehabilitation.
“We are thrilled to have E-Chem joining the Infrastructure Division of Meridian,” said Daniel Pelton, CEO of Meridian Adhesives Group. “We are looking forward to expanding our business more aggressively in the infrastructure market, and I am confident the skilled team at E-Chem will drive value to that endeavor.”
As part of Meridian’s Infrastructure Division, E-Chem will work alongside Adhesives Technology Corp., a manufacturer of construction and industry-related adhesives in epoxies, urethanes, acrylics, ester blends and polyureas.
E-Chem was founded in 2012 by James High and has since become an industry leader in epoxy bridge deck overlays and high friction surface treatment, boasting the largest collection of acceptances and approvals in this category for the U.S.
“Joining Meridian’s expert technology team is an exciting step for E-Chem,” said James High, President of E-Chem. “Our continuous pattern of growth will be bolstered even further by the group’s extensive distributor network, which is a significant asset in terms of market penetration. This strategic initiative will also provide value in terms of productivity, from additional professional resources to better buying positions, while allowing us to expand our focus on existing product improvements and the development of innovative new products geared toward the rehabilitation of our nation’s aging infrastructure.”
For more information regarding E-Chem, visit http://e-chem.net.
About Meridian Adhesives Group Meridian Adhesives Group is a leading manufacturer of high-value adhesives and sealants technologies. Its portfolio of solutions includes high-performance specialty epoxy, polyurethane, hot melt and hybrid adhesives for the electronics, flooring, infrastructure and packaging markets. The company has operations in Dalton, GA; Fontana, CA; Billerica, MA; Pompano Beach, FL; Cranston, RI; Albuquerque, New Mexico; Columbus, OH; Marlborough, UK; and Augsburg, Germany. For more information, visit www.meridianadhesives.com.
Arsenal Capital Partners: Arsenal is a specialized private equity firm that focuses on investments in middle‐market specialty industrials and healthcare companies. Since its inception in 2000, Arsenal has raised institutional equity investment funds of $5.3 billion, has completed more than 45 platform investments, and has achieved more than 30 realizations. Arsenal invests in industry sectors in which the firm has significant prior knowledge and experience. The firm works with management teams to build strategically important companies with leading market positions, high growth, and high value‐add. For more information, please visit www.arsenalcapital.com.
July 7, 2020
Meridian Adhesives Acquires E-Chem
Arsenal’s Meridian Adhesives Group Acquires E-Chem
DALTON, Georgia, July 6, 2020 – Meridian Adhesives Group (Meridian) announced today the acquisition of E-Chem.
Located in Albuquerque, New Mexico, E-Chem specializes in the design, manufacturing, marketing and supply of epoxy polymer products for concrete. These high-value products are used in the preservation, rehabilitation, repair and structural support of concrete surfaces and structures. The company serves multiple industries, including transportation authorities, petro-chemical processing, renewable energy, non-residential concrete construction and parking structure rehabilitation.
“We are thrilled to have E-Chem joining the Infrastructure Division of Meridian,” said Daniel Pelton, CEO of Meridian Adhesives Group. “We are looking forward to expanding our business more aggressively in the infrastructure market, and I am confident the skilled team at E-Chem will drive value to that endeavor.”
As part of Meridian’s Infrastructure Division, E-Chem will work alongside Adhesives Technology Corp., a manufacturer of construction and industry-related adhesives in epoxies, urethanes, acrylics, ester blends and polyureas.
E-Chem was founded in 2012 by James High and has since become an industry leader in epoxy bridge deck overlays and high friction surface treatment, boasting the largest collection of acceptances and approvals in this category for the U.S.
“Joining Meridian’s expert technology team is an exciting step for E-Chem,” said James High, President of E-Chem. “Our continuous pattern of growth will be bolstered even further by the group’s extensive distributor network, which is a significant asset in terms of market penetration. This strategic initiative will also provide value in terms of productivity, from additional professional resources to better buying positions, while allowing us to expand our focus on existing product improvements and the development of innovative new products geared toward the rehabilitation of our nation’s aging infrastructure.”
For more information regarding E-Chem, visit http://e-chem.net.
About Meridian Adhesives Group Meridian Adhesives Group is a leading manufacturer of high-value adhesives and sealants technologies. Its portfolio of solutions includes high-performance specialty epoxy, polyurethane, hot melt and hybrid adhesives for the electronics, flooring, infrastructure and packaging markets. The company has operations in Dalton, GA; Fontana, CA; Billerica, MA; Pompano Beach, FL; Cranston, RI; Albuquerque, New Mexico; Columbus, OH; Marlborough, UK; and Augsburg, Germany. For more information, visit www.meridianadhesives.com.
Arsenal Capital Partners: Arsenal is a specialized private equity firm that focuses on investments in middle‐market specialty industrials and healthcare companies. Since its inception in 2000, Arsenal has raised institutional equity investment funds of $5.3 billion, has completed more than 45 platform investments, and has achieved more than 30 realizations. Arsenal invests in industry sectors in which the firm has significant prior knowledge and experience. The firm works with management teams to build strategically important companies with leading market positions, high growth, and high value‐add. For more information, please visit www.arsenalcapital.com.
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