M&A Deal Summary

LyondellBasell Acquires A. Schulman

On February 15, 2018, LyondellBasell acquired chemicals company A. Schulman for 2.3B USD

Acquisition Highlights
  • This is LyondellBasell’s 6th transaction in the Chemicals sector.
  • This is LyondellBasell’s 2nd largest (disclosed) transaction.
  • This is LyondellBasell’s 3rd transaction in the United States.
  • This is LyondellBasell’s 1st transaction in Ohio.

M&A Deal Summary
Date 2018-02-15
Target A. Schulman
Sector Chemicals
Buyer(s) LyondellBasell
Deal Type Add-on Acquisition
Deal Value 2.3B USD
Advisor(s) Citigroup Investment Banking (Financial)
Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

A. Schulman

Fairlawn, Ohio, United States
website
A. Schulman, Inc. is an international supplier of high-performance plastic compounds and resins. These materials are used in a variety of consumer, industrial, automotive and packaging applications. A. Schulman was formed in 1928 and is based in Fairlawn, Ohio.

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Buyer(S) 1

Buyer

LyondellBasell

Houston, Texas, United States

website

Category Company
Founded 1955
Sector Chemicals
Employees19,100
Revenue 27.8B USD (2020)
DESCRIPTION
LyondellBasell office in downtown Houston, Texas.
LyondellBasell office in downtown Houston, Texas.

LyondellBasell is a large plastics, chemicals and refining companies in the world. Driven by its 13,000 employees around the globe, LyondellBasell produces materials and products that are key to advancing solutions to modern challenges like enhancing food safety through lightweight and flexible packaging, protecting the purity of water supplies through stronger and more versatile pipes, and improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road. LyondellBasell sells products into approximately 100 countries and is the world's largest licensor of polyolefin technologies. LyondellBasell Industries was founded in 1955 and is based in Houston, Texas.

DEAL STATS #
Overall 6 of 11
Sector (Chemicals) 6 of 9
Type (Add-on Acquisition) 5 of 8
State (Ohio) 1 of 1
Country (United States) 3 of 4
Year (2018) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-27 Quality Circular Polymers

Geleen, Netherlands

Quality Circular Polymers is a manufacturer of polymers of high and consistent quality based on used plastics. Reliable supply, integration, leading technologies and innovative recipes enable QCP to push the circular plastics industry to the next level.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-01 Société du Noir d Acétylène de l Aubette SAS

Berre l'Etang, France

Société du Noir d'Acétylène de l'Aubette SAS manufactures and markets chemical products for industrial applications. It offers acetylene black that assists in electrical and thermal conduction purposes.

Sell -
Mergr

Product

Company

Legal