M&A Deal Summary

Genesis Energy Acquires Tronox - Alkali Business

On August 2, 2017, Genesis Energy acquired chemicals company Tronox - Alkali Business from Tronox Holdings for 1.3B USD

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

M&A Deal Summary
Date 2017-08-02
Target Tronox - Alkali Business
Sector Chemicals
Buyer(s) Genesis Energy
Sellers(s) Tronox Holdings
Deal Type Divestiture
Deal Value 1.3B USD

Target

Tronox - Alkali Business

Stamford, Connecticut, United States
Tronox Ltd. - Alkali Business is a producer of natural soda ash, also known as sodium carbonate (Na2CO3), a basic building block for a number of ubiquitous products, including flat glass, container glass, dry detergent and a variety of chemicals and other industrial products. The Alkali Business produces approximately four million tons of natural soda ash per year, representing approximately 28% of all the natural soda ash produced in the world and, based on current production rates, has an estimated reserve life remaining of over 100 years.

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Buyer(S) 1

Buyer

Genesis Energy

Houston, Texas, United States

website

Category Company
Founded 1996
Sector Energy Services and Equipment
Employees1,897
Revenue 1.8B USD (2020)
DESCRIPTION

Genesis Energy is a midstream energy master limited partnership that provides a diverse portfolio of customers, operations and assets, including refinery-related plants, pipelines, storage terminals, and trucking operations. Genesis Energy was founded in 1996 and is based in Houston, Texas.

DEAL STATS #
Overall 3 of 3
Sector (Chemicals) 1 of 1
Type (Divestiture) 2 of 2
State (Connecticut) 1 of 1
Country (United States) 3 of 3
Year (2017) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-15 Deepwater Gateway

Houston, Texas, United States

Deepwater Gateway, LLC is a provider of offshore energy services company that provides specialty services to the offshore energy industry

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-11 Genesis Energy - Powder River Basin Midstream Assets

Houston, Texas, United States

Genesis Energy LP - Powder River Basin Midstream Assets provides a full suite of crude services to producers in the core of the basin owns over 190 miles of crude trunk line and gathering pipelines with multiple interconnections to downstream markets out of Guernsey.

Sell $300M

Seller(S) 1

SELLER

Tronox Holdings

Stamford, Connecticut, United States

website

Category Company
Sector Chemicals
Employees6,500
Revenue 3.5B USD (2022)
DESCRIPTION

Tronox Holdings is a provider of mining, production and marketing of inorganic minerals and chemicals. Tronox Holdings is based in Stamford, Connecticut.

DEAL STATS #
Overall 1 of 2
Sector (Chemicals) 1 of 2
Type (Divestiture) 1 of 2
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-21 Cristal - TiO2 business

Jeddah, Saudi Arabia

Cristal - TiO2 is an operator of four chemical manufacturing plants and mines

Buy $1.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-01 Cristal - TiO2 business

Jeddah, Saudi Arabia

Cristal - TiO2 is an operator of four chemical manufacturing plants and mines

Sell $700M
Mergr

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