The Urethane Blog

Q4 M&A Activity

Chemical Deal Results

Seller Buyer Business Date
Inortech Chemie EMCO Chemical Canadian distribution 4th Quarter 2016
Clayton Corp. RPM foam division – $60s 4th Quarter 2016
Dunn-Edwards Nippon Paint architectural, industrial and high performance paints 4th Quarter 2016
Amyris Nikkol Group sale of 50% of Neossance (squalane) business – $10v + earnout (for 50% interest) 4th Quarter 2016
Solvay Blackstone cellulose acetate tow – $600s/$1,100v 4th Quarter 2016
Fragrance Resources IFF fragrances – $75s 4th Quarter 2016
Halex GCP Applied Technologies flooring products – $45s 4th Quarter 2016
Eramet Prince International Corporation Erachem Manganese Chemicals – $187s 4th Quarter 2016
Rmax Operating Sika polyiso insulation products – €72s 4th Quarter 2016
Cadence Chemical Maroon Group specialty chemical distribution 4th Quarter 2016
Seller Buyer Business Date
Linde/Praxair Praxair/Linde merger of gas companies – $30,000s combined 4th Quarter 2016
Canexus Chemtrade Logistics acquisition of whole company (sodium chlorate and chlor alkali products) – $562s/$675v 4th Quarter 2016
Kibbutz Hanita Coatings and Tene Investment Funds Avery Dennison Hanita Coatings (pressure-sensitive films and laminates) – €47s/€70v 4th Quarter 2016
JM Huber Evonik silicas – €282s/€593v 4th Quarter 2016
GrafTech International Edgewater Capital Fiber Materials (advanced composite materials) 4th Quarter 2016
Pacific Coast Chemical Ravago distribution (including pigments, light stabilizers, TIO2, polyurethane dispersions and silicones) 4th Quarter 2016
Ensign-Bickford Edgewater Capital DanChem Technologies (scale-up and contract manufacturing services to the fine and specialty chemical industries) 4th Quarter 2016
Lubricor Quaker Chemical metalworking fluids – $10s/$12v 4th Quarter 2016
Novomer Saudi Aramco Converge polyols 4th Quarter 2016
DeWAL Industries Rogers Corporation high performance polymer films and pressure sensitive tapes – $50s 4th Quarter 2016
Seller Buyer Business Date
BASF Edgewater Capital inorganic specialties 4th Quarter 2016
Mackenzie Chemicals Edgewater Capital (Far Chemical) acetylacetonates product line 4th Quarter 2016
Eagle Performance Products Stahl flame retardants and other specialty chemicals 4th Quarter 2016
Electro-Science Laboratories Ferro electronic packaging materials – $75v 4th Quarter 2016
Symrise DRT Pinova (specialty resins and chemical intermediates) – $150v 4th Quarter 2016
Baker Hughes/GE GE/Baker Hughes combination of Baker Hughes oilfield services and chemicals business with GE’s petroleum related operations (GE to own 62.5% of new company) – $32,000s combined 4th Quarter 2016
Chevron Phillips/Daelim Ineos Styrolution K-Resin SB copolymers 4th Quarter 2016
Ecolab Enviro-Master International Franchise restroom cleaning – $28s 4th Quarter 2016
Platinum Equity Lintec Corp. MacTac (pressure sensitive materials) – $304s/$375v 4th Quarter 2016
Delta Performance Products Ferro colorant blends – $4v 4th Quarter 2016
Seller Buyer Business Date
Cappelle Pigments Ferro inorganic and organic pigments – $56v 4th Quarter 2016
Arsenal Capital American Securities Chromaflow (color and pigment dispersions) 4th Quarter 2016
David Michael & Co. IFF vanillas and other dairy and beverage flavors 4th Quarter 2016
Abengoa Bioenergy Green Plains 3 ethanol plants in US – $237v 4th Quarter 2016
Total SA Carlyle Atotech (metal and surface finishing technologies used in electronics, automobile and constriction industries) – €1,000s/€3,200v 4th Quarter 2016
SGL Group Showa Denko graphite electrodes – $382v 4th Quarter 2016
Vision Capital/Speyside Equity Equistone Partners United Initiators (organic peroxides, persulfates and other specialty chemicals) – €236s 4th Quarter 2016
Graham Partners American Securities Henry Company (roofing and building envelope products and systems) 4th Quarter 2016
Dominion Colour HIG Capital pigments 4th Quarter 2016
Printec Industries Flint water-based inks 4th Quarter 2016
Seller Buyer Business Date
Resin Designs Chase Corporation adhesives and sealants – $11s/$30v 4th Quarter 2016