M&A Deal Summary

Huntsman Acquires Gabriel Performance Products

On December 7, 2020, Huntsman acquired chemicals company Gabriel Performance Products from Audax Private Equity for 250M USD

Acquisition Highlights
  • This is Huntsman’s 12th transaction in the Chemicals sector.
  • This is Huntsman’s 6th largest (disclosed) transaction.
  • This is Huntsman’s 6th transaction in the United States.
  • This is Huntsman’s 1st transaction in Ohio.

M&A Deal Summary

Date 2020-12-07
Target Gabriel Performance Products
Sector Chemicals
Buyer(s) Huntsman
Sellers(s) Audax Private Equity
Deal Type Secondary Buyout
Deal Value 250M USD

Target

Gabriel Performance Products

Ashtabula, Ohio, United States
Gabriel Performance Products LLC is a provider of specialty chemicals. Gabriel develops and manufactures a proprietary line of complex chemicals and provides contract manufacturing services to other chemical producers. Gabriel Performance Products was founded in 2001 and is based in Ashtabula, Ohio.

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Buyer(S) 1

Buyer

Huntsman

The Woodlands, Texas, United States

Category Company
Founded 1970
Sector Chemicals
Employees6,000
Revenue 6.1B USD (2023)
DESCRIPTION
Entrance to Huntsman's corporate headquarters in The Woodlands, Texas.
Entrance to Huntsman's corporate headquarters in The Woodlands, Texas.

Huntsman is a manufacturer of differentiated organic chemical products and inorganic chemical products. The Company's products comprise a broad range of chemicals and formulations which are marketed globally to a diversified group of consumer and industrial customers. Huntsman's products are used in a wide range of applications, including those in the adhesives, aerospace, automotive, construction products, personal care and hygiene, durable and non-durable consumer products, electronics, medical, packaging, paints and coatings, power generation, refining, synthetic fiber, textile chemicals and dye industries. Huntsman was founded in 1970 and is based in The Woodlands, Texas.


DEAL STATS #
Overall 16 of 16
Sector (Chemicals) 12 of 12
Type (Secondary Buyout) 1 of 1
State (Ohio) 1 of 1
Country (United States) 6 of 6
Year (2020) 2 of 2
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-28 Huntsman - DIY Consumer Adhesives Business

India

Huntsman Corp. - DIY Consumer Adhesives Business is a provider of chemical products based in India.

Sell $285M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-09 Huntsman - Textile Effects Division

The Woodlands, Texas, United States

Huntsman Corp's Textile Effects Division provides innovations in textile dyes, chemicals, and digital inks to iconic brands and retailers around the world.

Sell -

Seller(S) 1

SELLER

Audax Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Private Equity is a private equity firm focused on acquiring control positions in a variety of mid to large North American headquartered companies. The Firm segments its activities into lower middle-market and larger scale investing. Within its larger group, Audax targets profitable businesses valued up to $800 million and within its lower middle-market group, the Firm seeks companies valued up to $125 million. Sectors of interest include business services, consumer products/services, financial services, healthcare services, industrial services, software, and technology. Audax has a special interest in businesses that can benefit from a buy and build investment strategy for growth. Audax Private Equity was formed in 1999 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 76 of 102
Sector (Chemicals) 5 of 5
Type (Secondary Buyout) 42 of 55
State (Ohio) 4 of 6
Country (United States) 74 of 97
Year (2020) 2 of 3
Size (of disclosed) 11 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 48forty Solutions

Alpharetta, Georgia, United States

48forty Solutions is a whitewood pallet recycler recycling over 90 million pallets annually across its network of 73 company locations and more than 225 network facilities. 48forty serves over 2,700 customers, including manufacturers, distributors, and retailers in the distribution & logistics, food & beverage, packaging, durables, and non-durables industries. 48forty Solutions was formed in 1992 and is based in Alpharetta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-15 Protective Industrial Products

Latham, New York, United States

Protective Industrial Products is a provider of consumable personal protective equipment (PPE). Protective Industrial Products was established in 1984 and is headquartered in Latham, New York.

Sell -