The Urethane Blog

Q1 M&A

Chemical Deal Results

Seller Buyer Business Date
Rentech Nitrogen Pasadena Commodities International (Interoceanic) Pasadena TX nitrogen fertilizer plant – $11v + earnout 1st Quarter 2016
Augusta LCEC (Louisiana Chemical and Equipment Co.) ICT Technolgies Augusta GA plant (formerly an IFF plant) 1st Quarter 2016
Dow Chemical Transilwrap PE, PP and PS films for medical and packaging applications – $124s 1st Quarter 2016
Hickory Springs Manufacturing Arsenal Capital PU foam 1st Quarter 2016
Elite Foam Arsenal Capital PU foam (acquisition of a majority interest) 1st Quarter 2016
Nexus Ag Univar wholesale fertilizer distribution in Western Canada 1st Quarter 2016
Vi-Chem Americhem PVC and TPE compounds 1st Quarter 2016
Hexion Synthomer Hexion Performance Adhesives & Coatings (dispersions, powder coatings and specialty monomers) – $370s/$226v 1st Quarter 2016
TH Hilson Ravago distribution -$57s 1st Quarter 2016
Axiall Galata Chemicals Solucor compound additives 1st Quarter 2016
Seller Buyer Business Date
Axiall OpenGate Capital window and door profiles 1st Quarter 2016
Valspar Sherwin-Williams acquisition of whole company (coatings) – $4,400s/$11,300v 1st Quarter 2016
TPG Capital WL Ross Holdings 65% stake in Nexeo (distribution) – $3,900s/$1,700v on a 100% basis 1st Quarter 2016
Pacific Urethanes Arsenal Capital specialty polyurethane foam materials 1st Quarter 2016
ICL Hui Yu Xin American (Dalian Hui Yu Xin Technology) Clearon (water treatment chemicals for the pool and spa industry) – $80s 1st Quarter 2016
Syngenta ChemChina acquisition of whole company (agrochemicals) – $13,400s/$43,300v 1st Quarter 2016
Quadrant Urethane Technologies Accella (Arsenal Capital) Spray Foam Division (spray foams used in insulation applications) 1st Quarter 2016
Noble Company Federal Process Corporation building products within the tile, plumbing, heating and cooling, and fire sprinkling industries 1st Quarter 2016
Halosource Dober Chemical HaloKlear® branded environmental water business 1st Quarter 2016
Geneva Glen Capital Arsenal Capital Flow Polymers (plastic and rubber additives and dispersions) 1st Quarter 2016
Seller Buyer Business Date
Flowchem LLC Technologies Dorf Ketal oilfield chemicals 1st Quarter 2016
Seal-Krete RPM (Rust-Oleum) concrete care coatings and sealants for the retail market – >$10s 1st Quarter 2016
Benson Chemicals Fanchem (PVS Chemicals) distribution in Canada 1st Quarter 2016
Centre Ingredient Technology Takasago flavors and fragrances via fermentation 1st Quarter 2016
Segetis GFBiochemicals levulinic acid derivatives 1st Quarter 2016
BASF Akzo industrial coatings – €300s/€475v 1st Quarter 2016
Grow Company Frutarom food flavors, natural food coloring agents, cosmetic ingredients, and dietary supplements for human and animal consumption – $20v 1st Quarter 2016
Holton Food Products RPM food stabilizer and dry egg white products for the bakery and prepared foods industry – $7s 1st Quarter 2016
Kraton PolyOne TPE related compounding products – $72v 1st Quarter 2016
Kenrich Petrochemicals Flow Polymers (Geneva Glen Capital) rubber dispersion product lines 1st Quarter 2016
Seller Buyer Business Date
Hempel management Blome International (corrosion control products, not including Hempel's Versiline products) 1st Quarter 2016
Advanced Color Systems Flint water-based inks 1st Quarter 2016
Wingate Partners Audax and management Preferred Compounding (elastomeric compounds) 1st Quarter 2016
Albion International Balchem acquisition of whole company (mineral amino acid chelates, specialized mineral salts and mineral complexes) – $54s/$112v 1st Quarter 2016
3M Audax Pressurized Polyurethane Foam Adhesives (formerly known as Polyfoam) 1st Quarter 2016
CNX Distribution Maroon Group distribution 1st Quarter 2016
OCI Peroxygens Akzo acquisition of shares in EkO Peroxide from JV partner 1st Quarter 2016
BP Indorama PET and NDC site in Decatur AL 1st Quarter 2016
Adhesives Systems Inc. Royal Adhesives (American Securities) methyl methacrylate, epoxy, anaerobic and cyanoacrylate adhesives 1st Quarter 2016