M&A Deal Summary

Grace Acquires Albemarle - Polyolefin Catalysts Business

On December 14, 2017, Grace acquired chemicals company Albemarle - Polyolefin Catalysts Business from Albemarle for 416M USD

Acquisition Highlights
  • This is Grace’s 5th transaction in the Chemicals sector.
  • This is Grace’s 3rd largest (disclosed) transaction.
  • This is Grace’s 3rd transaction in the United States.
  • This is Grace’s 1st transaction in Louisiana.

M&A Deal Summary

Date 2017-12-14
Target Albemarle - Polyolefin Catalysts Business
Sector Chemicals
Buyer(s) Grace
Sellers(s) Albemarle
Deal Type Divestiture
Deal Value 416M USD

Target

Albemarle - Polyolefin Catalysts Business

Baton Rouge, Louisiana, United States
Albemarle Corp. - Polyolefin Catalysts Business manufactures single-site catalysts as well as metallocenes and activators.

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Buyer(S) 1

Buyer

Grace

Columbia, Maryland, United States

website


Category Company
Founded 1854
Sector Chemicals
Revenue 1.7B USD (2020)
DESCRIPTION
Entrance to W.R. Grace's corporate headquarters in Columbia, Maryland.
Entrance to W.R. Grace's corporate headquarters in Columbia, Maryland.

Grace is engaged in the production and sale of specialty chemicals and specialty materials on a global basis through three operating segments: Grace Catalysts Technologies, which includes catalysts and related products and technologies used in refining, petrochemical and other chemical manufacturing applications; Grace Materials Technologies, which includes packaging technologies and engineered materials used in consumer, industrial, and pharmaceutical applications; and Grace Construction Products, which includes specialty construction chemicals and specialty building materials used in commercial, infrastructure and residential construction. Grace was formed in 1854 and is based in Columbia, Maryland.


DEAL STATS #
Overall 6 of 7
Sector (Chemicals) 5 of 6
Type (Divestiture) 2 of 3
State (Louisiana) 1 of 1
Country (United States) 3 of 4
Year (2017) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-22 BASF - Polyolefin Catalysts Business

Pasadena, Texas, United States

BASF’s Polyolefin Catalysts business includes its LYNX® high-activity PE catalyst technologies that are utilized commercially in slurry processes for the production of high-density PE resins such as bimodal film and pipe. LYNX® PP catalyst technologies are used commercially in all major PP process technologies including slurry, bulk loop, stirred gas, fluid gas, and stirred bulk.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-25 Albemarle - Fine Chemistry Services Business

Charlotte, North Carolina, United States

Albemarle Corp.'s Fine Chemistry Services Business is a provider of chemical products.

Buy $570M

Seller(S) 1

SELLER

Albemarle

Charlotte, North Carolina, United States

website


Category Company
Founded 1887
Sector Chemicals
Employees7,400
Revenue 7.3B USD (2022)
DESCRIPTION

Albemarle is a global developer, manufacturer and marketer of highly-engineered specialty chemicals that meet customer needs across a diverse range of end markets. Markets Albemarle serves include petroleum refining, consumer electronics, plastics/packaging, construction, automotive, lubricants, pharmaceuticals, crop protection, food safety and custom chemistry services. Albemarle was incorporated in 1887 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 7 of 8
Sector (Chemicals) 6 of 7
Type (Divestiture) 7 of 8
State (Louisiana) 1 of 1
Country (United States) 3 of 4
Year (2017) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-23 Jiangli New Materials - Lithium Hydroxide & Carbonate Assets

China

Jiangli New Materials - Lithium Hydroxide & Carbonate Assets includes manufacturing assets located in both Jiangxi and Sichuan, China focused on the production of battery-grade lithium carbonate and lithium hydroxide.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-31 Mineral Resources - Wodgina hard rock lithium mine

Applecross, Australia

Mineral Resources Ltd. - Wodgina hard rock lithium mine is a mining service provider.

Buy -