M&A Deal Summary

Solvay Acquires Cytec Industries

On July 29, 2015, Solvay acquired chemicals company Cytec Industries for 5.5B USD

Acquisition Highlights
  • This is Solvay’s 8th transaction in the Chemicals sector.
  • This is Solvay’s largest (disclosed) transaction.
  • This is Solvay’s 5th transaction in the United States.
  • This is Solvay’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2015-07-29
Target Cytec Industries
Sector Chemicals
Buyer(s) Solvay
Deal Type Add-on Acquisition
Deal Value 5.5B USD

Target

Cytec Industries

Woodland Park, New Jersey, United States
website
Cytec Industries Inc., is a specialty materials and chemicals company, focuses on developing, manufacturing, and selling value-added products for aerospace and industrial materials, mining, and plastics industries.

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Buyer(S) 1

Buyer

Solvay

Brussels, Belgium

website

Category Company
Founded 1863
Sector Chemicals
Employees23,000
Revenue 9.7B EUR (2020)
DESCRIPTION

Solvay is a Belgian chemical company. Solvay was incorporated in 1863 and is based in Brussels, Belgium.

DEAL STATS #
Overall 9 of 16
Sector (Chemicals) 8 of 10
Type (Add-on Acquisition) 7 of 8
State (New Jersey) 1 of 1
Country (United States) 5 of 7
Year (2015) 2 of 3
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-05 Ryton PPS - Chevron Phillips Chemical

United States

Ryton PPS is a business unit of Chevron Phillips Chemical manufactures polyphenylene sulfide.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-14 EPIC Polymers

Kaiserslautern, Germany

EPIC Polymers GmbH is a developer of an innovative technology to reinforce high performance thermoplastic polymers with long glass fibers

Buy -
Mergr

Product

Company

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