M&A Deal Summary

Ingevity Acquires Perstorp AB - CapaTM Caprolactone Division

On December 10, 2018, Ingevity acquired chemicals company Perstorp AB - CapaTM Caprolactone Division from Perstorp for 590M EUR

Acquisition Highlights
  • This is Ingevity’s 2nd transaction in the Chemicals sector.
  • This is Ingevity’s 0th largest (disclosed) transaction.
  • This is Ingevity’s 1st transaction in Sweden.

M&A Deal Summary

Date 2018-12-10
Target Perstorp AB - CapaTM Caprolactone Division
Sector Chemicals
Buyer(s) Ingevity
Sellers(s) Perstorp
Deal Type Divestiture
Deal Value 590M EUR

Target

Perstorp AB - CapaTM Caprolactone Division

Perstorp, Sweden
Perstorp AB - CapaTM Caprolactone Division is a provider in the production and commercialization of caprolactone and high-value downstream derivatives, including caprolactone polyols, caprolactone thermoplastics, caprolactone lactides, and hexanediol (HDO).

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Buyer(S) 1

Buyer

Ingevity

North Charleston, South Carolina, United States

website


Category Company
Founded 1964
Sector Chemicals
Employees2,050
Revenue 1.7B USD (2022)
DESCRIPTION

Ingevity is a provider of specialty chemicals and high-performance carbon materials and technologies that help customers solve complex problems. These products are used in a variety of demanding applications, including asphalt paving, oil exploration and production, agrochemicals, adhesives, lubricants, printing inks and automotive components that reduce gasoline vapor emissions. Ingevity was incorporated in 1964 and is based in North Charleston, South Carolina.


DEAL STATS #
Overall 2 of 5
Sector (Chemicals) 2 of 2
Type (Divestiture) 2 of 2
Country (Sweden) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-22 Georgia-Pacific Chemicals - Pine Chemical Business

Atlanta, Georgia, United States

Georgia-Pacific Chemicals LLC - Pine Chemical Business is a manufacturer and marketer of pine-based tall oil fatty acids, tall oil rosin, and tall oil rosin esters used in adhesives, cleaners, paints and other coatings, inks, metalworking, mining, oilfield, packaging and rubber processing.

Buy $315M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-11 Adsorbed Natural Gas Products

Charleston, South Carolina, United States

Adsorbed Natural Gas Products, Inc. is a provider of low-pressure, bi-fuel solution for light-duty vehicles like pickup trucks, SUVs, and service vans. Adsorbed Natural Gas Products is based in Charleston, South Carolina.

Buy -

Seller(S) 1

SELLER

Perstorp

Malmo, Sweden

website


Category Company
Founded 1881
Sector Chemicals
Employees1,500
Revenue 13.6B SEK (2017)
DESCRIPTION

Perstorp is a provider in the production of specialty chemical additives notably for the coatings and resin industries. Perstorp was founded in 1881 and is based in Malmo, Sweden.


DEAL STATS #
Overall 3 of 3
Sector (Chemicals) 3 of 3
Type (Divestiture) 3 of 3
Country (Sweden) 2 of 2
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-06 Perstorp Oxo Belgium AB

Evergem, Belgium

Perstorp Belgium is a niche performance additives business serving the decorative and industrial coatings industries. It has strong market leadership positions (#1 or #2) and serves a highly attractive, blue-chip customer base. The business operates from a well located, single site in Ghent, Belgium where there is potential for growth capacity for future demand.

Sell €78M