Mergers & Acquisitions
February 15, 2021
Lanxess to Acquire Emerald Kalama
LANXESS signs contract to acquire Emerald Kalama Chemical
CologneFebruary 14, 2021
Specialty chemicals company LANXESS signed an agreement to acquire US-based Emerald Kalama Chemical from affiliates of American Securities LLC. Emerald Kalama Chemical is one of the leading global manufacturers of specialty chemicals especially for the consumer segment.
Emerald Kalama employs worldwide approximately 500 employees and runs three production sites. The company reported 2020 sales of around USD 425 million and EBITDA pre exceptionals of approximately USD 90 million. Around 45 percent of its turnover is generated in North America.
The enterprise value amounts to USD 1,075 million. The transaction will be financed by LANXESS existing liquidity. Closing of the transaction is anticipated in the second half of 2021 and subject to the approval of the relevant regulatory authorities.
By acquiring Emerald Kalama Chemical, LANXESS strengthens its specialty chemical portfolio especially in the Consumer Protection segment and would materially expand into the growth markets food and animal nutrition.
February 9, 2021
Bain to Buy Lonza Anti-Microbials Unit
Bain Capital, Cinven buy Lonza unit in $4.67B deal
Published: Feb. 9, 2021 at 2:18 a.m. ET By
Pietro Lombardi
Private equity firms Bain Capital LLC and Cinven Group Ltd. have reached an agreement with Lonza Group AG to buy the Swiss life-sciences company’s specialty ingredients business for an enterprise value of 4.2 billion Swiss francs ($4.67 billion).
The unit, which has 17 manufacturing sites across the world and roughly 2,800 permanent employees, is specialized in microbial control solutions for products in the professional-hygiene and personal-care markets, as well as chemicals used in electronics, aerospace and other industries, the seller said late Monday.
“The sale of the Specialty Ingredients business will allow Lonza to focus on its position as a leading partner to the healthcare industry, and the free cash flows resulting from the sale will allow us to accelerate our strategic priorities,” Lonza Chairman Albert Baehny said.
The deal should be completed in the second part of the year.
https://www.marketwatch.com/story/bain-capital-cinven-buy-lonza-unit-in-467b-deal-2021-02-09
February 9, 2021
Bain to Buy Lonza Anti-Microbials Unit
Bain Capital, Cinven buy Lonza unit in $4.67B deal
Published: Feb. 9, 2021 at 2:18 a.m. ET By
Pietro Lombardi
Private equity firms Bain Capital LLC and Cinven Group Ltd. have reached an agreement with Lonza Group AG to buy the Swiss life-sciences company’s specialty ingredients business for an enterprise value of 4.2 billion Swiss francs ($4.67 billion).
The unit, which has 17 manufacturing sites across the world and roughly 2,800 permanent employees, is specialized in microbial control solutions for products in the professional-hygiene and personal-care markets, as well as chemicals used in electronics, aerospace and other industries, the seller said late Monday.
“The sale of the Specialty Ingredients business will allow Lonza to focus on its position as a leading partner to the healthcare industry, and the free cash flows resulting from the sale will allow us to accelerate our strategic priorities,” Lonza Chairman Albert Baehny said.
The deal should be completed in the second part of the year.
https://www.marketwatch.com/story/bain-capital-cinven-buy-lonza-unit-in-467b-deal-2021-02-09
February 8, 2021
Polytek Acquires Endurance Technologies
Arsenal’s Polytek Acquires Endurance Technologies Easton, PA & South St. Paul, MN – February 3, 2021 –
Polytek® Development Corp. (“Polytek”), a manufacturer of specialty polymers for mold making, casting, and coating applications, announced today the acquisition of Endurance Technologies. Polytek is a portfolio company of Arsenal Capital Partners.
Based in South St. Paul, Minnesota, Endurance Technologies has decades of formulation and manufacturing experience with a strong focus on polyurethane and epoxy systems. Their brands are well-known throughout industrial and consumer sectors, with formulations for coating, laminating, bonding, casting and molding. Endurance Technologies’ industrial brand, Custom Polymer Designs, is a trusted name in marine, aerospace, construction, and recreational composites, while their consumer brands, including MAS Epoxies, are popular in do-it-yourself, art, and craft communities.
Doug Lorenz, CEO of Polytek, commented “Endurance Technologies has a proven track record of success and market growth built on superior product quality, custom solutions, and hands-on technical support. The companies share similar objectives and values and together we’re really looking forward to showing our customers the benefit of this collaboration.”
The addition of Endurance Technologies further expands Polytek’s manufacturing locations and capabilities and elevates their technical proficiency with the integration of seasoned research and development teams. This collaboration will provide Polytek and Endurance Technologies customers with a broader product portfolio, increased technical support and customer service, and product accessibility. David Hoeffel, owner of Endurance Technologies added, “Polytek is a great fit for the next chapter of our business. Our team is excited to join forces and work on initiatives that will expand product options and support services for our customers.” The two companies will continue to do business under their existing names, and Hoeffel will remain in an active role within the Endurance Technologies brand as well as support broader initiatives within the Polytek organization.
Genesis Capital, LLC acted as the financial advisor to Polytek.
February 8, 2021
Polytek Acquires Endurance Technologies
Arsenal’s Polytek Acquires Endurance Technologies Easton, PA & South St. Paul, MN – February 3, 2021 –
Polytek® Development Corp. (“Polytek”), a manufacturer of specialty polymers for mold making, casting, and coating applications, announced today the acquisition of Endurance Technologies. Polytek is a portfolio company of Arsenal Capital Partners.
Based in South St. Paul, Minnesota, Endurance Technologies has decades of formulation and manufacturing experience with a strong focus on polyurethane and epoxy systems. Their brands are well-known throughout industrial and consumer sectors, with formulations for coating, laminating, bonding, casting and molding. Endurance Technologies’ industrial brand, Custom Polymer Designs, is a trusted name in marine, aerospace, construction, and recreational composites, while their consumer brands, including MAS Epoxies, are popular in do-it-yourself, art, and craft communities.
Doug Lorenz, CEO of Polytek, commented “Endurance Technologies has a proven track record of success and market growth built on superior product quality, custom solutions, and hands-on technical support. The companies share similar objectives and values and together we’re really looking forward to showing our customers the benefit of this collaboration.”
The addition of Endurance Technologies further expands Polytek’s manufacturing locations and capabilities and elevates their technical proficiency with the integration of seasoned research and development teams. This collaboration will provide Polytek and Endurance Technologies customers with a broader product portfolio, increased technical support and customer service, and product accessibility. David Hoeffel, owner of Endurance Technologies added, “Polytek is a great fit for the next chapter of our business. Our team is excited to join forces and work on initiatives that will expand product options and support services for our customers.” The two companies will continue to do business under their existing names, and Hoeffel will remain in an active role within the Endurance Technologies brand as well as support broader initiatives within the Polytek organization.
Genesis Capital, LLC acted as the financial advisor to Polytek.
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