M&A Deal Summary

AOC Materials Acquires Ashland - Maleic Anhydride Business

On July 27, 2020, AOC Materials acquired chemicals company Ashland - Maleic Anhydride Business from Ashland for 100M USD

Acquisition Highlights
  • This is AOC Materials’ 1st transaction in the Chemicals sector.
  • This is AOC Materials’ largest (disclosed) transaction.
  • This is AOC Materials’ 1st transaction in the United States.
  • This is AOC Materials’ 1st transaction in West Virginia.

M&A Deal Summary
Date 2020-07-27
Target Ashland - Maleic Anhydride Business
Sector Chemicals
Buyer(s) AOC Materials
Sellers(s) Ashland
Deal Type Divestiture
Deal Value 100M USD

Target

Ashland - Maleic Anhydride Business

Neal, West Virginia, United States
Ashland, Inc. - Maleic Anhydride Business is manufactured industrially on a large scale for applications in coatings and polymers.

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Buyer(S) 1

Buyer

AOC Materials

Memphis, Tennessee, United States
Category Company
Sector Chemicals
DESCRIPTION

AOC Materials is a global supplier of polyester and vinyl ester resins, gel coats, and other materials used for composites and cast polymer applications. Its comprehensive product offering is supported by a global manufacturing and logistics network, which provides customers worldwide with efficient service, customized solutions, and complete supply chain management.

DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
State (West Virginia) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1

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 10 of 13
Sector (Chemicals) 8 of 10
Type (Divestiture) 8 of 11
State (West Virginia) 1 of 1
Country (United States) 10 of 13
Year (2020) 1 of 1
Size (of disclosed) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-15 Ashland - Composites Business & Butanediol Facility

Covington, Kentucky, United States

Ashland, Inc. - Composites Business & Butanediol Facility engages in unsaturated polyester resins, vinyl ester resins, and gel coats, while the BDO facility in Germany and related merchant products included in the agreement are part of Ashland's Intermediates and Solvents (I&S) segment.

Sell $1.1B
FOLLOWING 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
Mergr

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