Divestiture • Chemicals

Accella Performance Materials Acquires Covestro - Spray Polyurethane Foam

On February 22, 2017, Accella Performance Materials acquired chemicals company Covestro - Spray Polyurethane Foam from Covestro

Acquisition Context
  • This is Accella Performance Materials’ 9th transaction in the Chemicals sector.
  • This is Accella Performance Materials’ 9th transaction in the United States.
  • This is Accella Performance Materials’ 2nd transaction in Texas.

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M&A Deal Summary

Date February 22, 2017
Target Covestro - Spray Polyurethane Foam
Sector Chemicals
Buyer(s) Accella Performance Materials
Sellers(s) Covestro
Deal Type Divestiture

Target Company

Covestro - Spray Polyurethane Foam

Spring, Texas, United States
Covestro LLC - Spray Polyurethane Foam is a producer of spray polyurethane foam, which is used as insulation and roofing in the construction of commercial buildings and residential homes.
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Buyer Overview 1

Buyer

Accella Performance Materials

Maryland, Missouri, United States

Category Company
Founded 1973
Sector Chemicals
Revenue 430M USD (2016)
DESCRIPTION

Accella Performance Materials is a custom formulator and manufacturer of vinyl plastisols, polyurethanes, specialty coatings and adhesives, as well as recycled rubber products. Dash’s two primary businesses operate from seven strategically located manufacturing facilities throughout the United States and generate over $100 million in revenue annually.


Deal Context for Buyer #
Overall 10 of 10
Sector: Chemicals 9 of 9
Type: Divestiture 2 of 2
State: Texas 2 of 2
Country: United States 9 of 9
Year: 2017 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-09 Quadrant Urethane Technologies

McKinney, Texas, United States

Quadrant Urethane Technologies (Quadrant Spray Foam) is a manufacturer of spray foams for insulation.

Buy -

Seller Profile 1

SELLER

Covestro

Leverkusen, Germany

Category Company
Founded 1863
Sector Chemicals
Employees17,543
Revenue 14.2B EUR (2024)
DESCRIPTION

Covestro provides polymers and innovative solutions for key sectors such as transportation, construction, electronics, furniture, sports equipment, and textiles. Covestro was founded in 1863 and is based in Leverkusen, Germany.


Deal Context for Seller #
Overall 2 of 4
Sector: Chemicals 1 of 3
Type: Divestiture 2 of 4
State: Texas 1 of 1
Country: United States 1 of 1
Year: 2017 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-02 Thermoplast Composite

Langenfeld, Germany

Thermoplast Composite GmbH is specializing in the production of thermoplastic fiber composites.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-17 PLIXXENT

Oldenburg, Germany

PLIXXENT is a European supplier of polyurethane systems. PLIXXENT operates four production sites in Germany, the Netherlands, Denmark and Spain and supports its diverse and international customer base in specification, design, development, logistics and aftersales support. Its Polyurethane systems are used in both flexible and rigid foam applications across a variety of industries including construction, energy, insulation, footwear, appliances, furniture and automotive. PLIXXENT was founded in 2019 and is based in Oldenburg, Germany.

Sell -