M&A Deal Summary

Chemtrade Acquires General Chemical Performance Products

On December 4, 2013, Chemtrade acquired chemicals company General Chemical Performance Products from American Securities for 860M USD

Acquisition Highlights
  • This is Chemtrade’s 2nd transaction in the Chemicals sector.
  • This is Chemtrade’s largest (disclosed) transaction.
  • This is Chemtrade’s 2nd transaction in the United States.
  • This is Chemtrade’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2013-12-04
Target General Chemical Performance Products
Sector Chemicals
Buyer(s) Chemtrade
Sellers(s) American Securities
Deal Type Add-on Acquisition
Deal Value 860M USD
Advisor(s) Barclays Investment Bank (Financial)
Weil Gotshal & Manges (Legal)

Target

General Chemical Performance Products

Parsippany, New Jersey, United States
website
General Chemical Performance Products LLC is a manufacturer of a broad portfolio of inorganic chemical products, which operates three business units: Water Treatment Chemicals, Sulphuric Acid, and Specialty Chemicals.

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Buyer(S) 1

Buyer

Chemtrade

Toronto, Ontario, Canada

website


Category Company
Founded 2001
Sector Chemicals
Employees1,474
Revenue 1.8B CAD (2022)
DESCRIPTION

Chemtrade is a diversified business providing industrial chemicals. Chemtrade is a supplier of sulfur, sodium chlorate, potassium chloride, and zinc oxide. Chemtrade was incorporated in 2001 and is based in Toronto, Canada.


DEAL STATS #
Overall 3 of 4
Sector (Chemicals) 2 of 3
Type (Add-on Acquisition) 3 of 4
State (New Jersey) 1 of 1
Country (United States) 2 of 2
Year (2013) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-24 Marsulex

Toronto, Ontario, Canada

Marsulex, Inc. is a provider of industrial services, including environmental compliance solutions for air quality control and industrial hazardous waste streams, and petroleum coke cutting and handling services for oil refineries, and is a producer and marketer of sulphur-based industrial chemicals.

Buy $438M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-16 Canexus

Calgary, Alberta, Canada

Canexus Corporation is a chemical manufacturing and handling company serving customers for more than half a century. We pride ourselves on efficient low-cost operations, strategic growth, quality service and a commitment to Responsible Care through safe, sustainable operating practices.

Buy -

Seller(S) 1

SELLER

American Securities

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1994
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Securities is a large private equity firm that typically partners with management when pursuing company acquisitions. American Securities typically targets US-based companies and generally seeks to commit $300 to $700 million per transaction. Areas of interest include consumer products, restaurants, healthcare, industrial, aerospace, defense, agriculture, environmental, paper/packaging, energy, and specialty chemicals. The Firm was originally formed in 1947 as the family office for William Rosenwald, an heir to the Sears Roebuck & Company, and began accepting outside investors in 1994. American Securities is headquartered in New York City.


DEAL STATS #
Overall 21 of 50
Sector (Chemicals) 2 of 6
Type (Add-on Acquisition) 9 of 20
State (New Jersey) 2 of 2
Country (United States) 20 of 49
Year (2013) 4 of 4
Size (of disclosed) 5 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-15 PDM Bridge

Eau Claire, Wisconsin, United States

PDM Bridge LLC is a manufacturer of fabricated structural steel components for steel building structures and steel bridges.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-19 Frontier Spinning

Sanford, North Carolina, United States

Frontier Spinning is a large U.S.-based producers of cotton and cotton/polyester blend yarns for the knitting and weaving industries and holds market-leading positions in open-end and air-jet spinning. Offering a diverse product line to fulfill the demands of customers worldwide, the yarn produced by Frontier Spinning is used in sportswear, undergarments, socks, sweaters, fleece, denim, and home furnishings.

Buy -