The Urethane Blog

Q1 M&A Activity

Chemical Deal Results

Seller Buyer Business Date
National Coatings Corp. US Silica Holdings “cool roof granules” – $19v 1st Quarter 2017
Nesika Energy DuPont/BP JV biofuels 1st Quarter 2017
Sirrus Nippon Shokubai processes to produce reactive monomers at high purities 1st Quarter 2017
FMC DuPont Health and Nutrition (texturants as food ingredients and pharmaceutical excipients ) – $700s 1st Quarter 2017
DuPont FMC Cereal Broadleaf Herbicides and Chewing Insecticides and Crop Protection R&D pipeline, excluding seed treatment, nematicides and late stage R&D – $1,400s 1st Quarter 2017
Sealed Air Bain Capital Diversey Care (cleaning and chemical systems) and food and hygiene cleaning – $2,600s/$3,200v 1st Quarter 2017
GE Suez GE Water & Process Technologies (wastewater and boiler water treatment chemicals, water treatment equipment and separation membranes) – $2,100s/$3,400v 1st Quarter 2017
SERVCO Hydrite dairy, food and beverage, and energy chemicals 1st Quarter 2017
Ellipse Capital Goldner Hawn Johnson & Morrisey Applied Adhesives (hot-melt, water-based and reactive adhesives) 1st Quarter 2017
BASF Stahl leather chemicals (BASF to receive a 16% stake in Stahl) 1st Quarter 2017
Seller Buyer Business Date
Harvard Chemical Simoniz cleaning/jan-san chemicals 1st Quarter 2017
Elementis Chromaflow US colorants 1st Quarter 2017
Aurora Capital The Jordan Company Dubois Chemicals (specialty chemicals for metal finishing and paint pretreatment, metalworking and lubricants, water and wastewater treatment, maintenance and equipment cleaning, paper, food processing and transportation cleaning) 1st Quarter 2017
Pugh Lubricants/Apollo Oil Apollo Oil/Pugh Lubricants merger of lubricant distributors 1st Quarter 2017
RJA Dispersions Sun Chemical ultra-fine particle and pigment dispersions for the digital inks market 1st Quarter 2017
GCP Applied Technologies Henkel Darex (can sealants and coatings for metal packaging) – $300s/$1,050v 1st Quarter 2017
Lincoln Fine Ingredients Maroon Group specialty chemicals distribution 1st Quarter 2017
Green Energy Group Brenntag pipeline and chemicals service business – $16s 1st Quarter 2017
Para Tech Coating Curtiss-Wright parylene conformal coating services 1st Quarter 2017
Covestro Accella North American spray polyurethane foam 1st Quarter 2017
Seller Buyer Business Date
Cristal Tronox TIO2 – $1,700v/$1,700s 1st Quarter 2017
Canexus Chemtrade acquisition or whole company (sodium chlorate and chlor-alkali products) – $682v 1st Quarter 2017
DuPont Solvay Energain lithium-ion high voltage technology 1st Quarter 2017
One Rock Capital Elementis SummitReheis (active ingredients and materials for personal care, pharmaceutical and dental products) – $134s/$360v 1st Quarter 2017
Century Industrial Coatings Axalta coatings for structural steel, oil and gas, rail cars and other OEM applications 1st Quarter 2017
Silcotec PolyOne silicone-based masterbatch concentrates 1st Quarter 2017
Buckman Laboratories Triwater Holdings (Klenzoid) Canadian water treatment 1st Quarter 2017
Dow Chemical SK Innovation ethylene acrylic acid business – $370v 1st Quarter 2017
Niacet SK Capital propionates and acetates, specialty ingredients for food, feed and pharmaceutical applications 1st Quarter 2017
BMB Solutions Composites One composites 1st Quarter 2017
Seller Buyer Business Date
TMC Materials Ravago specialty chemical distribution – $27s 1st Quarter 2017
Sea Lion Technologies Momentive contract manufacturing, including silanes 1st Quarter 2017
SeaStar Chemicals VWR high-purity reagents 1st Quarter 2017
Edgewater Capital Altana Polyad (plastic additives) 1st Quarter 2017
Aakash Chemicals and Dye-Stuffs CenterOak Partners manufacture and distribution of pigments, colorants, resins, additives, dyes and other specialty chemicals 1st Quarter 2017
SealWeld KMG industrial lubricants – $12s/$17v 1st Quarter 2017
Wisdom Worldwide Adhesives HB Fuller packaging, paper converting and assembly adhesives – $100s/$122v 1st Quarter 2017
Ross Organic Azelis distribution into the personal care and home care/industrial cleaning markets 1st Quarter 2017
Rock-Tred Corporation Audax (Innovative Chemical Products) polymer floor coating solutions 1st Quarter 2017
3M Umicore nickel-manganese-cobalt battery cathode intellectual property 1st Quarter 2017
Seller Buyer Business Date
Dow Chemical CBPE Capital Safechem (chlorinated solvent management services) 1st Quarter 2017
Prime Resins RPM specialty chemicals and equipment for infrastructure construction and repair – $7s 1st Quarter 2017
Ellis Paint Axalta industrial and automotive refinish paint 1st Quarter 2017
Bayer SBM Development Pasadena TX operations (consumer use pesticide products) 1st Quarter 2017
Diversified Silicone Products Rogers custom silicone product development and manufacturing – $20s 1st Quarter 2017
Arnette Polymers RPM acquisition of an 80% interest in Arnette (specialty chemical raw materials) – $20s 1st Quarter 2017
Karcher North America RPM (Legend Brands) Prochem (equipment and chemicals for cleaning and restoring carpet, upholstery and hard flooring surfaces) – $20s 1st Quarter 2017
Liquid Light Avantium electrochemistry technologies to convert CO2 into major chemicals 1st Quarter 2017
SGL Carbon Mitsubishi Rayon carbon fiber plant in Wyoming 1st Quarter 2017
Solvay Altana formulated resins (sold primarily under the Conap brand) – $20s 1st Quarter 2017
Seller Buyer Business Date
Inolex Zschimmer & Schwarz industrial lubricants 1st Quarter 2017