M&A Deal Summary

Molycorp Acquires Neo Material Technologies

On March 8, 2012, Molycorp acquired chemicals company Neo Material Technologies for 1.3B USD

Acquisition Highlights
  • This is Molycorp’s 1st transaction in the Chemicals sector.
  • This is Molycorp’s largest (disclosed) transaction.
  • This is Molycorp’s 1st transaction in Canada.
  • This is Molycorp’s 1st transaction in Ontario.

M&A Deal Summary
Date 2012-03-08
Target Neo Material Technologies
Sector Chemicals
Buyer(s) Molycorp
Deal Type Add-on Acquisition
Deal Value 1.3B USD
Advisor(s) GMP Securities LP (Financial)
Fogler, Rubinoff
McDonald Hopkins (Legal)

Target

Neo Material Technologies

Toronto, Ontario, Canada
Neo Material Technologies Inc. is a producer, processor and developer of neodymium-iron-boron magnetic powders, rare earths and zirconium based engineered materials and applications, and other rare metals and their compounds through its Magnequench and Performance Materials business divisions.

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Buyer(S) 1

Buyer

Molycorp

Greenwood Village, Colorado, United States

website

Category Company
Founded 1949
Sector Metals/Mining
Employees2,500
Revenue 475M USD (2014)
DESCRIPTION

Molycorp, Inc. is a mining company that produces and sells rare earth and rare metal materials. The company filed for bankruptcy in June 2015.

DEAL STATS #
Overall 3 of 3
Sector (Chemicals) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-15 Molycorp Metals and Alloys

Tolleson, Arizona, United States

Molycorp Metals and Alloys, Inc. produces exotic custom made alloys and high purity rare earth metals in various forms (e.g., machined parts, foils, ingots, etc.).

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Mergr

Product

Company

Legal