M&A Deal Summary

Arkema Acquires Ashland Global Holdings - Performance Adhesives Business

On August 31, 2021, Arkema acquired chemicals company Ashland Global Holdings - Performance Adhesives Business from Ashland for 1.7B USD

Acquisition Highlights
  • This is Arkema’s 14th transaction in the Chemicals sector.
  • This is Arkema’s largest (disclosed) transaction.
  • This is Arkema’s 11th transaction in the United States.
  • This is Arkema’s 1st transaction in Kentucky.

M&A Deal Summary

Date 2021-08-31
Target Ashland Global Holdings - Performance Adhesives Business
Sector Chemicals
Buyer(s) Arkema
Sellers(s) Ashland
Deal Type Divestiture
Deal Value 1.7B USD

Target

Ashland Global Holdings - Performance Adhesives Business

Covington, Kentucky, United States
Ashland Global Holdings' Performance Adhesives Business has a portfolio of products that are well-positioned in the market and valuable technologies with differentiating performance for customers across a variety of applications and markets.

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Buyer(S) 1

Buyer

Arkema

Colombes, France

website


Category Company
Founded 2003
Sector Chemicals
Employees20,600
Revenue 11.6B EUR (2022)
DESCRIPTION

Arkema is a chemical producer company. Arkema organized its activities into 3 complementary business segments: High Performance Materials: Technical polymers (Specialty polyamides and Fluoropolymers), Filtration and Adsorption (CECA), Organic Peroxydes, Specialty Adhesives (Bostik). Industrial Specialties: Thiochemicals, Fluorochemicals, PMMA (Altuglas International), Hydrogen Peroxides. Coating Solutions: Acrylics, Coating resins, Photocure resins (Sartomer) Rheology Additives (Coatex). Arkema was founded in 2003 and is based in Colombes, France.


DEAL STATS #
Overall 18 of 23
Sector (Chemicals) 14 of 17
Type (Divestiture) 4 of 5
State (Kentucky) 1 of 1
Country (United States) 11 of 11
Year (2021) 2 of 3
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-17 Adaptive3D Technologies

Dallas, Texas, United States

Adaptive3D Technologies is a provider of photopolymer elastomers. Its products enable volume end-use parts production via additive manufacturing of odorless, tough, strain-tolerant, tear-resistant, and biocompatible rubbers and rubber-like materials. Adaptive3D Technologies is based in Dallas, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-27 Arkema - Epoxides Business

Blooming Prairie, Minnesota, United States

Arkema's Epoxides Business is a manufacturer of processes that combines soybean oil and other vegetable oils with hydrogen peroxide, resulting in the oxidation of soybean/vegetable oil.

Sell -

Seller(S) 1

SELLER

Ashland

Wilmington, Delaware, United States

website


Category Company
Founded 1924
Sector Chemicals
Employees3,900
Revenue 2.4B USD (2022)
DESCRIPTION

Ashland is a global specialty chemicals company. Ashland has three reportable segments: Specialty Ingredients, Performance Materials and Valvoline. Specialty Ingredients is a global provider of cellulose ethers, vinyl pyrrolidones and biofunctionals. Performance Materials is composed of two divisions: Composites and Intermediates/Solvents. Performance Materials is a global provider of unsaturated polyester resins and vinyl ester resins. The business unit has positions in gelcoats, maleic anhydride, butanediol, tetrahydrofuran, N-Methylpyrrolidone and other intermediates and solvents. Valvoline is a worldwide producer and distributor of premium-branded automotive, commercial and industrial lubricants and automotive chemicals. Ashland was incorporated in 1924 and is based in Wilmington, Delaware.


DEAL STATS #
Overall 11 of 12
Sector (Chemicals) 9 of 10
Type (Divestiture) 9 of 10
State (Kentucky) 3 of 4
Country (United States) 11 of 12
Year (2021) 1 of 1
Size (of disclosed) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-19 Schülke & Mayr - Personal Care Business

Norderstedt, Germany

Schülke & Mayr GmbH - Personal Care Business is a developer and supplier of preservatives and multifunctional skincare additives for the global cosmetics industry.

Buy €263M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-08 Ashland - Carbonyl Iron Manufacturing assets and business lines

Covington, Kentucky, United States

Ashland's Carbonyl Iron Manufacturing assets and business lines are critical raw materials for the chemical, defense, and metals manufacturing sectors. Ashland's Carbonyl Iron Manufacturing assets and business lines are based in Covington, Kentucky.

Sell -