Mergers & Acquisitions
May 4, 2021
Aresenal Makes Another Acquisition
Arsenal’s Meridian Adhesives Acquires Frontier Products DALTON, Georgia, May 4, 2021 – Meridian Adhesives Group (Meridian) announced today the acquisition of Frontier Products Inc. (Frontier).
Located in Alvarado, Texas, Frontier is a manufacturer of high-performance flooring solutions, including urethane, acrylic pressure sensitive and hybrid adhesives; moisture barriers; sound control; and construction products. With more than 40 years of experience in the flooring industry, Frontier offers custom formulations for its private label customers throughout North America.
“The addition of Frontier to our Flooring Division brings new processes and technologies to our platform,” said Daniel Pelton, CEO of Meridian Adhesives Group. “This will benefit our customers and partners by opening up additional product offerings and technical support, further positioning us as the go-to solution providers in the adhesives market.”
As part of Meridian’s Flooring Division, Frontier will work alongside Taylor Adhesives, a leading name in the flooring adhesives market for its resilient, wood and carpet flooring adhesives and the company’s moisture mitigation coatings and specialty products; as well as Polycom Solutions, a manufacturer specializing in custom product assembly solutions.
“I’m especially excited to be bringing Frontier into the Meridian Flooring Division to work alongside Taylor and Polycom,” said Paul Murfin, President of Taylor and Meridian’s Flooring Division. “Frontier helps expand our product and brand portfolio and further increases our leadership position in the flooring adhesives space.”
Together, the three companies will serve the flooring industry with advanced flooring, construction and product assembly solutions.
“Joining Meridian Adhesives Group is a strategic move that will meet the goals of our company,” said Carl Nichols, President of Frontier. “Having the backing of Meridian and Taylor – technologically, operationally and financially – will allow us to better serve our customers and continue the upward momentum of our business.”
For more information regarding Frontier Products Inc., visit https://frontierproductsinc.com.
April 9, 2021
Plixxent Acquisition
Plixxent: Acquisition of British PU systems producer MRi Polytech
On 29 March 2021, Plixxent Holding GmbH announced the acquisition of MRi Polytech, a British producer of polyurethane systems focusing on outdoor systems as well as specialist CASE applications. Financial details of the transaction were not disclosed.
Plixxent is a leading independent polyurethane systems house with a focus on tailor-made systems and operates four production sites in Germany, the Netherlands, Denmark and Spain as well as nine further sales locations in Europe. Its polyurethane systems are used across a variety of industries including construction, energy, insulation, footwear, appliances, furniture and automotive. The company is majority-owned by H.I.G. Capital, a global private equity firm with more than EUR 34 billion capital under management.
According to Plixxent, with the acquisition of MRi Polytech the company extends its European footprint to the UK and strengthens and expands its product offering in the CASE segment with flooring products and adhesives for food packaging. Plixxent said this is a first step to significantly grow its presence in the region with both existing and new customers, and support the growth of MRi Polytech’s products in continental Europe. MRi’s activities will continue to operate under their established trading names and the business and employees will benefit from the integration into the Plixxent network.
Vincent Snell, founder and owner of MRi Polytech, said: “MRi is a success story which has consistently delivered growth and profitability. More than two decades after I have founded this company, it is now time to open a new chapter. The integration into Plixxent allows us to reap further potential by being part of a truly pan-European platform. I am very proud of what the management team has achieved so far, and Plixxent is a perfect fit for MRi.”
Dr. Jörg Schottek, CEO of Plixxent, commented: “MRi’s development in the past years has been impressive. With their broad expertise in complex polyurethane solutions and their in-depth market understanding, MRi has built a strong and sustainable market position. We are delighted that MRi Polytech is now part of Plixxent and look forward to continuing our growth trajectory together. This acquisition significantly strengthens Plixxent’s position as leading independent supplier of polyurethane-based solutions in Europe.”
www.plixxent.com
www.mri-polytech.com
Plixxent consists of the former Covestro system house network in Europe: https://everchem.com/covestro-closes-divestiture/
April 9, 2021
Plixxent Acquisition
Plixxent: Acquisition of British PU systems producer MRi Polytech
On 29 March 2021, Plixxent Holding GmbH announced the acquisition of MRi Polytech, a British producer of polyurethane systems focusing on outdoor systems as well as specialist CASE applications. Financial details of the transaction were not disclosed.
Plixxent is a leading independent polyurethane systems house with a focus on tailor-made systems and operates four production sites in Germany, the Netherlands, Denmark and Spain as well as nine further sales locations in Europe. Its polyurethane systems are used across a variety of industries including construction, energy, insulation, footwear, appliances, furniture and automotive. The company is majority-owned by H.I.G. Capital, a global private equity firm with more than EUR 34 billion capital under management.
According to Plixxent, with the acquisition of MRi Polytech the company extends its European footprint to the UK and strengthens and expands its product offering in the CASE segment with flooring products and adhesives for food packaging. Plixxent said this is a first step to significantly grow its presence in the region with both existing and new customers, and support the growth of MRi Polytech’s products in continental Europe. MRi’s activities will continue to operate under their established trading names and the business and employees will benefit from the integration into the Plixxent network.
Vincent Snell, founder and owner of MRi Polytech, said: “MRi is a success story which has consistently delivered growth and profitability. More than two decades after I have founded this company, it is now time to open a new chapter. The integration into Plixxent allows us to reap further potential by being part of a truly pan-European platform. I am very proud of what the management team has achieved so far, and Plixxent is a perfect fit for MRi.”
Dr. Jörg Schottek, CEO of Plixxent, commented: “MRi’s development in the past years has been impressive. With their broad expertise in complex polyurethane solutions and their in-depth market understanding, MRi has built a strong and sustainable market position. We are delighted that MRi Polytech is now part of Plixxent and look forward to continuing our growth trajectory together. This acquisition significantly strengthens Plixxent’s position as leading independent supplier of polyurethane-based solutions in Europe.”
www.plixxent.com
www.mri-polytech.com
Plixxent consists of the former Covestro system house network in Europe: https://everchem.com/covestro-closes-divestiture/
April 8, 2021
Q1 Chemical M&A
Chemical Deal Results
| Seller | Buyer | Business | Date |
|---|---|---|---|
| Amyris | DSM | flavor and fragrance biobased intermediates business-$150v + earnout | 1st Quarter 2021 |
| Bison Innovative Products | RPM | raised flooring systems – $26s | 1st Quarter 2021 |
| Advent International | DuPont | Laird Performance Materials (chemicals and materials for electronic devices) – $465s/$2,300v | 1st Quarter 2021 |
| Goldner Hawn | Arsenal Capital | Applied Products – DBA Applied Adhesives (manufacturer and distributor of adhesive and thermal products) | 1st Quarter 2021 |
| IMCD | JM Huber | Nutri Granulations manufacturing asset and associated business | 1st Quarter 2021 |
| The Cary Company | Maroon Group | raw materials and specialty chemicals distribution | 1st Quarter 2021 |
| Copperhead Chemical | PMC Group | pharmaceutical-grade nitroglycerin and related energetic chemicals | 1st Quarter 2021 |
| ProChem Energy Services | Tower Arch Capital | production chemicals, midstream chemicals, and other custom solutions for scale and corrosion prevention to leading oil and gas providers | 1st Quarter 2021 |
| PQ | Cerberus Capital & Koch Minerals and Trading | sodium silicate and silica derivatives business – $685s/$1,100v | 1st Quarter 2021 |
| Albemarle | Grace | fine chemistry services (contract manufacturing for the pharmaceutical, agricultural chemical, lubricants, and specialty chemical industries) – $570v | 1st Quarter 2021 |
| Seller | Buyer | Business | Date |
|---|---|---|---|
| Superior Plus | Birch Hill Equity | ERCO Worldwide (sodium chlorate and chlor-alkali products, and chlorine dioxide generators) – C$844s/C$725v | 1st Quarter 2021 |
| American Securities | Lanxess | Emerald Kalama (preservatives for food, household, and cosmetic applications; flavors and fragrances; products for animal nutrition and specialty chemicals for industrial applications) – $425s/$1,080v | 1st Quarter 2021 |
| Myriant | Stepan | fermentation plant in LA. | 1st Quarter 2021 |
| Lonza | Bain Capital and Cinven | Specialty Ingredients (microbial control solutions, industrial chemicals and specialty chemicals, for the electronics, aerospace, food and agrochemical industries) – $5,000s/$4,700v. | 1st Quarter 2021 |
| Endurance Technologies | Polytek (Arsenal Capital) | polyurethane and epoxy systems | 1st Quarter 2021 |
| Convergent Concrete Technologies | Meridian Adhesives (Arsenal) | concrete treatments and products | 1st Quarter 2021 |
| Invista | Stepan | aromatic polyols – $100s | 1st Quarter 2021 |
| Cul-Mac Industries | Salt Creek Capital | branded industrial automotive chemicals to private label household cleaners | 1st Quarter 2021 |
| The Starco Group | Highline-Warren (Pritzker Capital) | API (premium performance automotive and motorsport chemicals, including stop leak solutions, fluid oil additives, fuel additives and repair and maintenance products) | 1st Quarter 2021 |
| Able Aerospace Adhesvies | GracoRoberts (CM Equity Partners) | adhesives, surface treatments and sealants distribution | 1st Quarter 2021 |
| Seller | Buyer | Business | Date |
|---|---|---|---|
| Dux Paint, Hawthorne Coating and Hood Products | Albi Protective Coatings (StanChem Polymers) | industrial protective coatings | 1st Quarter 2021 |
| Custom Chemical Services | LBB Specialties | distribution | 1st Quarter 2021 |
| Gardner-Gibson | Innovative Chemical Products (Audax) | liquid-applied roof coatings, roofing products, driveway sealers and specialty paints | 1st Quarter 2021 |
| Al Chem Specialties/Cal Chem | USALCO (HIG Capital) | chemicals for municipal water-treatment and industrial applications | 1st Quarter 2021 |
| DalFort Capital | PPG | Versaflex (polyurea, epoxy and polyurethane coatings) | 1st Quarter 2021 |
| Solvay | OpenGate Capital | amphoteric surfactant business in North America and Europe. | 1st Quarter 2021 |
| Black Diamond Capital & Black Rock | Pritzker Private Capital | Vertellus (pyridine and picolines; intermediates for crop protection chemicals, biocides and pharmaceuticals; vitamin B3) | 1st Quarter 2021 |
http://www.chemicaldeals.com/Results.aspx?searchtext=&quarter=1st%20Quarter%202021
April 8, 2021
Q1 Chemical M&A
Chemical Deal Results
| Seller | Buyer | Business | Date |
|---|---|---|---|
| Amyris | DSM | flavor and fragrance biobased intermediates business-$150v + earnout | 1st Quarter 2021 |
| Bison Innovative Products | RPM | raised flooring systems – $26s | 1st Quarter 2021 |
| Advent International | DuPont | Laird Performance Materials (chemicals and materials for electronic devices) – $465s/$2,300v | 1st Quarter 2021 |
| Goldner Hawn | Arsenal Capital | Applied Products – DBA Applied Adhesives (manufacturer and distributor of adhesive and thermal products) | 1st Quarter 2021 |
| IMCD | JM Huber | Nutri Granulations manufacturing asset and associated business | 1st Quarter 2021 |
| The Cary Company | Maroon Group | raw materials and specialty chemicals distribution | 1st Quarter 2021 |
| Copperhead Chemical | PMC Group | pharmaceutical-grade nitroglycerin and related energetic chemicals | 1st Quarter 2021 |
| ProChem Energy Services | Tower Arch Capital | production chemicals, midstream chemicals, and other custom solutions for scale and corrosion prevention to leading oil and gas providers | 1st Quarter 2021 |
| PQ | Cerberus Capital & Koch Minerals and Trading | sodium silicate and silica derivatives business – $685s/$1,100v | 1st Quarter 2021 |
| Albemarle | Grace | fine chemistry services (contract manufacturing for the pharmaceutical, agricultural chemical, lubricants, and specialty chemical industries) – $570v | 1st Quarter 2021 |
| Seller | Buyer | Business | Date |
|---|---|---|---|
| Superior Plus | Birch Hill Equity | ERCO Worldwide (sodium chlorate and chlor-alkali products, and chlorine dioxide generators) – C$844s/C$725v | 1st Quarter 2021 |
| American Securities | Lanxess | Emerald Kalama (preservatives for food, household, and cosmetic applications; flavors and fragrances; products for animal nutrition and specialty chemicals for industrial applications) – $425s/$1,080v | 1st Quarter 2021 |
| Myriant | Stepan | fermentation plant in LA. | 1st Quarter 2021 |
| Lonza | Bain Capital and Cinven | Specialty Ingredients (microbial control solutions, industrial chemicals and specialty chemicals, for the electronics, aerospace, food and agrochemical industries) – $5,000s/$4,700v. | 1st Quarter 2021 |
| Endurance Technologies | Polytek (Arsenal Capital) | polyurethane and epoxy systems | 1st Quarter 2021 |
| Convergent Concrete Technologies | Meridian Adhesives (Arsenal) | concrete treatments and products | 1st Quarter 2021 |
| Invista | Stepan | aromatic polyols – $100s | 1st Quarter 2021 |
| Cul-Mac Industries | Salt Creek Capital | branded industrial automotive chemicals to private label household cleaners | 1st Quarter 2021 |
| The Starco Group | Highline-Warren (Pritzker Capital) | API (premium performance automotive and motorsport chemicals, including stop leak solutions, fluid oil additives, fuel additives and repair and maintenance products) | 1st Quarter 2021 |
| Able Aerospace Adhesvies | GracoRoberts (CM Equity Partners) | adhesives, surface treatments and sealants distribution | 1st Quarter 2021 |
| Seller | Buyer | Business | Date |
|---|---|---|---|
| Dux Paint, Hawthorne Coating and Hood Products | Albi Protective Coatings (StanChem Polymers) | industrial protective coatings | 1st Quarter 2021 |
| Custom Chemical Services | LBB Specialties | distribution | 1st Quarter 2021 |
| Gardner-Gibson | Innovative Chemical Products (Audax) | liquid-applied roof coatings, roofing products, driveway sealers and specialty paints | 1st Quarter 2021 |
| Al Chem Specialties/Cal Chem | USALCO (HIG Capital) | chemicals for municipal water-treatment and industrial applications | 1st Quarter 2021 |
| DalFort Capital | PPG | Versaflex (polyurea, epoxy and polyurethane coatings) | 1st Quarter 2021 |
| Solvay | OpenGate Capital | amphoteric surfactant business in North America and Europe. | 1st Quarter 2021 |
| Black Diamond Capital & Black Rock | Pritzker Private Capital | Vertellus (pyridine and picolines; intermediates for crop protection chemicals, biocides and pharmaceuticals; vitamin B3) | 1st Quarter 2021 |
http://www.chemicaldeals.com/Results.aspx?searchtext=&quarter=1st%20Quarter%202021
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