The Urethane Blog

Q4 Chemical M&A Activity

Chemical Deal Results

Seller Buyer Business Date
Key Polymer Dalfort Capital specialty adhesives and chemical compounds 4th Quarter 2019
Univar AEA Investors pest management – $195v 4th Quarter 2019
BASF Lone Star Funds construction chemicals – $2,600s/3,500v 4th Quarter 2019
Chemours Belle Chemical (Cornerstone) methylamines 4th Quarter 2019
Hitachi Ltd. and other shareholders Showa Denko Hitachi Chemical (information and communications, mobility, energy and life sciences) – $6,300s/$8,800v 4th Quarter 2019
Ecolab (62%)/Apergy (38%) Apergy/Ecolab merger of ChampionX (Ecolab’s upstream energy business) with Apergy (energy services) – $3,500s combined 4th Quarter 2019
Clariant PolyOne masterbatches – $1,200s/$1,560v 4th Quarter 2019
Desalitech DuPont closed-circuit reverse osmosis water treatment systems 4th Quarter 2019
Icynene-Lapolla Huntsman spray polyurethane insulation foam – $230s/$350v 4th Quarter 2019
Green Fiber International Indorama recycled PET 4th Quarter 2019
Seller Buyer Business Date
Ferro Pigments Spain (Lonestar Funds) Tile Coatings – $510s/$460v+ $32 potential earnout 4th Quarter 2019
DuPont (55.4%)/IFF (44.6%) IFF/DuPont merger of DuPont’s nutrition and bioscience business with IFF – $11,000s combined/$26,200v of DuPont business 4th Quarter 2019
Zumbo River Brand Balchem agglomerated and extruded products for the food and beverage industry 4th Quarter 2019
Arsenal Capital Jordan Co. Polymer Solutions Group Polymer Additives division (formerly Flow Polymers) 4th Quarter 2019
3M Johnson Matthey silicon alloy-based materials intellectual property 4th Quarter 2019
Olaplex Advent International hair-protection chemistry 4th Quarter 2019
Hi-Tech Coatings ICP Group (Audax) hi-performance coatings for the packaging and commercial printing industries 4th Quarter 2019
Aldo Products Inland Coatings roof coatings 4th Quarter 2019
Lanxess PMC Group organotin catalysts and specialties 4th Quarter 2019
Ungerer Givaudan essential oils 4th Quarter 2019
Seller Buyer Business Date
Camco Manufacturing Highline Aftermarket (The Sterling Group) liquids division (windshield wash, recreational vehicle antifreeze and diesel exhaust fluid) 4th Quarter 2019
Ares Management Henkel Deva Holdings (cleansers, conditioners, styling products and treatments for curly hair) – $100s 4th Quarter 2019
Kraton Daelim Cariflex (rubber latex) – $181s/$530v 4th Quarter 2019
Arkema SK Global functional polyolefins – €250s/€335v 4th Quarter 2019
Innophos One Rock Capital acquisition of whole company (phosphates) – $800s/$932v 4th Quarter 2019
Deltech Gabriel Performance Products alkyd resins 4th Quarter 2019
Textured Coatings of America Tnemec water-based coatings for commercial, residential and DOT projects 4th Quarter 2019
Arsenal Capital Nautic Partners Spartech (acrylics and extruded plastics) – $1,200s 4th Quarter 2019
Evoqua Water Technologies DuPont ultrafiltration and membrane biofiltration 4th Quarter 2019
Isobionics BASF aroma chemicals 4th Quarter 2019
Seller Buyer Business Date
TKO Miller Asphalt Industries H.G. Meigs (specialty chemical, material and additives for the asphalt and emulsion industry) 4th Quarter 2019
Nissan Chemical Corteva Agriscience quinoxyfen fungicide product line 4th Quarter 2019
AdvanSource Biomaterials Corporation Mitsubishi Chemical medical grade polymers for long and short term applications 4th Quarter 2019
Nachurs Alpine Solutions Wilbur-Ellis specialty liquid chemicals serving the precision agriculture, transportation, energy, and diversified industrial sectors 4th Quarter 2019