Top Global M&A Deals 2023: Chemicals Industry

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Welcome to the Institute for Mergers, Acquisitions, and Alliances’ overview of the Top Global M&A Deals 2023: Chemicals Industry. This is your essential guide to the deals that are reshaping the global chemicals sector. From market giants acquiring strategic assets to bolster their chemical portfolios to startups introducing innovative materials that promise to redefine the industry, our monthly report delivers an exhaustive look at the M&A activities specifically transforming the chemical industry. 

 

The chemicals industry is undergoing significant transformations, especially in era defined by sustainability concerns and rapid technological progress. Regulatory shifts and environmental considerations are spurring companies to invest in greener technologies and sustainable materials. In this evolving context, mergers and acquisitions in the chemical industry play an instrumental role, facilitating the transfer of technologies, enabling market access, and helping firms adapt to new industry standards. 

 

Companies in the chemicals industry are incredibly diverse and are involved in a wide range of activities. These include the production of basic chemicals, the development of material science solutions, and the formulation of complex compounds used in various end-user industries like automotive, construction, and consumer goods. The emphasis on research and development is high, as companies strive to create products that are both innovative and environmentally responsible.

 

As you explore our 2023 report on biggest M&A deals in the chemicals industry, you’ll discover a monthly breakdown of the top deals, offering insights into how the industry is expanding their technological capabilities to meet the industry’s changing regulatory and sustainability requirements. 

 

Whether you’re a seasoned industry professional, an investor, or simply interested in the world of chemicals though the lens of M&A, our platform provides a comprehensive look into the ever-changing landscape of this vital sector. 

July

  1. Deal 1Denbury Inc. (United States) was acquired by Exxon Mobil Corporation (United States) for $4.9 billion USD.
  2. Deal 2Chase Corporation (United States) was acquired by KKR & Co. Inc. (USA) for $1.37 billion USD.
  3. Deal 3Heritage-Crystal Clean, Inc. (United States) was acquired by J.F. Lehman and Company, LLC (Denmark) for $1.33 billion USD.
  4. Deal 4Matalco Inc. (Canada) was acquired by Rio Tinto Group (United Kingdom) for $0.70 billion USD.
  5. Deal 5STEICO SE (Germany) was acquired by Kingspan Group plc. (Ireland) for $0.28 billion USD.

August

  1. Deal 1ITOCHU Techno-Solutions Corporation (Japan) was acquired by ITOCHU Corporation (Japan) for $2.70 billion USD.
  2. Deal 2Delrin® acetal homopolymer (H-POM) business of DuPont de Nemours, Inc. (United States) was acquired by TJC LP (United States) for $1.60 billion USD.
  3. Deal 3Boustead Plantations Berhad (Malaysia) was acquired by Kuala Lumpur Kepong Berhad (Malaysia) for $0.25 billion USD.
  4. Deal 4Davey Water Products Pty Ltd. (Australia) was acquired by Waterco Limited (Australia) for $0.04 billion USD.
  5. Deal 5Fiberline Building Profiles A/S (Denmark) was acquired by Gurit Holding AG (Switzerland) for $0.03 billion USD.

September

  1. Deal 1: Saudi Iron & Steel Company (Hadeed) (Saudi Arabia) was acquired by Public Investment Fund (Saudi Arabia) for $3.30 billion USD.
  2. Deal 2: Argos USA Corporation (United States) was acquired by Summit Materials, Inc. (United States) for $3.17 billion USD.
  3. Deal 3: Texas City Operations of Eastman Chemical Company (United States) was acquired by INEOS Acetyls Americas Limited (United Kingdom) for $0.49 billion USD.
  4. Deal 4: Baldocer SA (Spain) was acquired by Grupo Lamosa, S.A.B. de C.V.(Mexico) for $0.45 billion USD.
  5. Deal 5: Jiangsu Jiahong New Materials Co., Ltd. (China) was acquired by Lianyungang Petrochemical subsidiary of Satellite Chemistry (China) for $0.21 billion USD.

October

  1. Deal 1: Lucas Meyer Cosmetics Canada, Inc. (Canada) was acquired by Clariant AG (Switzerland) for $0.81 billion USD.
  2. Deal 2: Hebei Wenfeng New Material Co., Ltd. (China) was acquired by United Company RUSAL, International Public Joint-Stock Company (Russia) for $0.26 billion USD.
  3. Deal 3: Substantially all of the assets of Element, LLC (United States) was acquired by Cardinal Ethanol, LLC (United Kingdom) for $0.044 billion USD.
  4. Deal 4: Cyclyx International, LLC (United States) was acquired by LyondellBasell Industries N.V.(Netherlands) for an undisclosed amount.
  5. Deal 5: Rodepa Vastgoed B.V. (Netherlands) was acquired by LyondellBasell Industries N.V. (Netherlands) for an undisclosed amount.

November

  1. Deal 1: Global Partner Acquisition Corp II (Cayman Islands) was acquired by Stardust Power Inc. (United States) for $0.49 billion USD.
  2. Deal 2: Aquapharm Chemical Pvt. Ltd. (India) was acquired by PCBL Limited (India) for $0.46 billion USD.
  3. Deal 3: 30% Stake in Gruppo Desa S.P.A. (Italy) was acquired by Azzurra Capital Management FZE (Italy) for $0.21 billion USD.
  4. Deal 4: Andre Koch AG (Switzerland) was acquired by Axalta Coating Systems (Bermuda) for $0.11 billion USD.
  5. Deal 5: Danhua Chemical Technology Co.,Ltd (China) was acquired by Danyang Jinrui Hongji Enterprise Management Co., Ltd. (China) for $0.07 billion USD.

December

  1. Deal 1: Fertiglobe plc (United Arab Emirates) was acquired by Abu Dhabi National Oil Company (United Arab Emirates) for $3.62 billion USD.
  2. Deal 2: Iowa Fertilizer Company, LLC (United States) was acquired by Koch Fertilizer, LLC (United States) for $3.60 billion USD.
  3. Deal 3: Zibo Feiyuan Chemical Co., Ltd. (China) was acquired by Zhejiang Juhua Co., Ltd. (China) for $0.80 billion USD.
  4. Deal 4: Ethylene Oxide & Derivatives (EO&D) business of LyondellBasell Industries N.V. (United States) was acquired by Ineos Oxide Ltd. (United Kingdom) for $0.70 billion USD.
  5. Deal 5: American Pacific Corporation (United States) was acquired by NewMarket Corporation (United States) for $0.70 billion USD.

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