Articles Tagged with ''acquisitions''

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BASF Closes Divestiture of Construction Chemicals Business

With around 7,500 employees, the Construction Chemicals business operates production sites and sales offices in more than 60 countries and generated sales of about €2.6 billion (~ $3.1 billion) in 2019.
October 8, 2020

BASF recently announced that it has closed the divestiture of its Construction Chemicals business to an affiliate of Lone Star, a global private equity firm.


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M&A Corner

COVID-19: The Black Swan

Though the COVID-19 pandemic caused a major slowdown in merger and acquisition activity, strategic and "bolt-on" deals are still getting done.
Andy Hinz
Andy Hinz
October 7, 2020

As we headed in to 2020, merger and acquisition (M&A) activity in chemicals and materials was humming along at near-historical levels. High valuations did not seem to deter buyers, with private equity (PE) firms clamoring to place capital and strategic buyers motivated for acquisitions to bolster their growth and help justify their high stock prices.


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Covestro to Acquire DSM’s Coating Resins Business

Covestro agreed to a purchase price of approximately €1.6 billion (~ $1.9 billion), which will be financed through a combination of equity and debt instruments.
October 5, 2020
Covestro recently announced that it has signed an agreement to acquire the Resins and Functional Materials business (RFM) of Royal DSM.
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Bostik to Acquire Italy-Based Ideal Work

Founded in 1997, Ideal Work reportedly has annual sales of around €10 million (approximately $11.6 million) and employs 25 people.
September 30, 2020
Arkema recently announced that Bostik will reinforce its range of flooring products with the planned acquisition of Ideal Work, an Italian company specialized in added-value decorative flooring technologies.
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Nynas Undergoes Ownership Change

The ownership change is an important step in Nynas’ ongoing company reorganization.
September 23, 2020
Neste recently announced that it has sold its entire shareholding in Nynas to Bitumina, a global bitumen company active in more than 100 countries.
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