M&A Deal Summary

Olin Acquires Sunbelt Chlor-Alkali Partnership

On February 28, 2011, Olin acquired chemicals company Sunbelt Chlor-Alkali Partnership from Avient for 132M USD

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

M&A Deal Summary
Date 2011-02-28
Target Sunbelt Chlor-Alkali Partnership
Sector Chemicals
Buyer(s) Olin
Sellers(s) Avient
Deal Type Divestiture
Deal Value 132M USD

Target

Sunbelt Chlor-Alkali Partnership

McIntosh, Alabama, United States
Sunbelt Chlor-Alkali Partnership has approximately 350,000 tons of membrane technology capacity.Company owns and operates chlor-alkali plants to produce chlorine, caustic soda, and hydrogen.

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Buyer(S) 1

Buyer

Olin

Clayton, Missouri, United States

website

Category Company
Founded 1892
Sector Chemicals
Employees8,000
Revenue 9.4B USD (2022)
DESCRIPTION

Olin is a manufacturer concentrated in two business segments: Chlor Alkali Products and Winchester. Chlor Alkali Products manufactures chlorine and caustic soda, hydrochloric acid, hydrogen, potassium hydroxide and bleach products. Winchester products include sporting ammunition, reloading components, small caliber military ammunition and components, and industrial cartridges. Olin was founded in 1892 and is based in Clayton, Missouri.

DEAL STATS #
Overall 3 of 4
Sector (Chemicals) 2 of 3
Type (Divestiture) 1 of 1
State (Alabama) 1 of 1
Country (United States) 3 of 4
Year (2011) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-20 Global Brass and Copper

East Alton, Illinois, United States

Global Brass and Copper, Inc. is a manufacturer and distributor of copper and copperalloy sheet, strip, plate, foil, rod and fabricated components in the North America and one of the largest in the world.

Sell $400M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-22 K.A. Steel Chemicals

Lemont,, Illinois, United States

K.A. Steel Chemicals Inc. is a distributors of caustic soda in North America and one of the bleach manufacturers in the Midwest.

Buy $328M

Seller(S) 1

SELLER

Avient

Avon Lake, Ohio, United States

website

Category Company
Founded 1885
Sector Plastics
Employees9,700
Revenue 3.4B USD (2022)
DESCRIPTION

Avient is a provider of specialized polymer materials, services and solutions. Avient has operations in North America, South America, Europe, Asia and Australia, and joint ventures in North America and South America. Avient was incorporated in 1885 and is based in Avon Lake, Ohio.

DEAL STATS #
Overall 1 of 5
Sector (Chemicals) 1 of 2
Type (Divestiture) 1 of 5
State (Alabama) 1 of 1
Country (United States) 1 of 5
Year (2011) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-03 Uniplen Indústria de Polímeros

Diadema, Brazil

Uniplen Indústria de Polímeros Ltda. is a producer of specialty engineered materials and distributor of thermoplastics.

Buy $21M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-21 ColorMatrix

Berea, Ohio, United States

ColorMatrix Group, Inc. is a manufacturer of liquid color and additive concentrates for thermoplastic products. ColorMatrix serves customers in the blow molding, industrial extrusion, and performance molding industries who manufacture beverage bottles, vinyl siding, vinyl pipe, and other plastic products.

Buy $486M
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