M&A Deal Summary

Evonik Industries Acquires Air Products - Performance Materials Division

On May 6, 2016, Evonik Industries acquired chemicals company Air Products - Performance Materials Division from Air Products and Chemicals for 3.8B USD

Acquisition Highlights
  • This is Evonik Industries’ 6th transaction in the Chemicals sector.
  • This is Evonik Industries’ largest (disclosed) transaction.
  • This is Evonik Industries’ 5th transaction in the United States.

M&A Deal Summary

Date 2016-05-06
Target Air Products - Performance Materials Division
Sector Chemicals
Buyer(s) Evonik Industries
Sellers(s) Air Products and Chemicals
Deal Type Divestiture
Deal Value 3.8B USD

Target

Air Products - Performance Materials Division

United States
Air Products - Performance Materials Division is a provider of chemical products. PMD consists of epoxy curing agents (40 percent of revenues), polyurethane additives (32 percent) and specialty additives businesses (28 percent). PMD products provide distinct, performance-enhancing benefits in use across the construction, marine, automotive, industrial cleaning, and other markets.

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Buyer(S) 1

Buyer

Evonik Industries

Essen, Germany

website


Category Company
Founded 1873
Sector Diversified
Employees33,918
Revenue 18.5B EUR (2022)
DESCRIPTION

Evonik Industries is an industrial corporation with worldwide operations grouped in three business areas Chemicals, Energy and Real Estate which are positioned at the forefront of their market segments. It is a global leader in specialty chemicals (former Degussa), an expert in power generation from hard coal and renewable energies (former STEAG) and one of Germany's largest privately owned residential real estate companies. Evonik Industries was founded in 1873 and is based in Essen, Germany.


DEAL STATS #
Overall 10 of 12
Sector (Chemicals) 6 of 7
Type (Divestiture) 3 of 3
Country (United States) 5 of 6
Year (2016) 3 of 3
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-06 Alkion Biopharma SAS

Evry, France

Alkion Biopharma SAS is a manufacturer of biotechnologically developed cosmetic active ingredients.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-13 Dr. Straetmans

Hamburg, Germany

Dr. Straetmans GmbH is a supplier and trader of high-quality raw materials, and also as a developer and trendsetter of innovative concepts and formulations.

Buy -

Seller(S) 1

SELLER

Air Products and Chemicals

Allentown, Pennsylvania, United States

website


Category Company
Founded 1940
Sector Chemicals
Employees20,000
Revenue 12.7B USD (2022)
DESCRIPTION

Air Products and Chemicals serves energy, electronics, chemicals, steel, and manufacturing customers globally with a unique portfolio of products, services, and solutions that include atmospheric gases, process and specialty gases, performance materials, equipment, and services. The Company is the world’s largest supplier of hydrogen and helium and has built leading positions in growth markets such as semiconductor materials, refinery hydrogen, natural gas liquefaction, and advanced coatings and adhesives. Air Products and Chemicals was incorporated in 1940 and is based in Allentown, Pennsylvania.


DEAL STATS #
Overall 13 of 14
Sector (Chemicals) 8 of 9
Type (Divestiture) 12 of 12
Country (United States) 11 of 12
Year (2016) 1 of 2
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-30 Baywater Healthcare

Crewe, United Kingdom

Baywater Healthcare is an independent specialist provider of Homecare services to patients with long term conditions, delivering a high-quality, cost-effective solution with a focus on customer service and patient care.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-03 Versum Materials

Allentown, Pennsylvania, United States

Versum Materials, Inc. is an electronic materials company providing high-purity chemicals and gases, delivery systems, services, and materials expertise to meet the evolving needs of the global semiconductor and display industries. Versum Materials Inc. is based in Allentown, Pennsylvania.

Sell -