M&A Deal Summary |
|
|---|---|
| Date | 2019-07-19 |
| Target | Recylamine |
| Sector | Chemicals |
| Buyer(s) | Aditya Birla Chemicals |
| Sellers(s) | Connora Technologies |
| Deal Type | Divestiture |
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Aditya Birla Chemicals is a manufacturer of bulk and specialty chemicals and viscose filament yarn. The business is spread across multiple manufacturing locations in four countries – India, Thailand, Germany and China. The business is creating a strong footprint in the chemicals industry – it is a market leader in the chlor-alkali segment in India; at number two position in viscose filament yarn and is the third-largest manufacturer in the world in sulphites. Aditya Birla Chemicals manufactures epoxy resins in liquid, solid, solutions, blends and multifunctional forms, and markets these under the Epotec brand. These high-quality epoxies find wide application in the automotive, construction, heavy engineering, transport, electronics, food and beverage packing, coatings, composites, adhesives, aviation, aerospace and wind energy industries.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector: Chemicals M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| State: California M&A | 1 of 1 |
| Country: United States M&A | 1 of 1 |
| Year: 2019 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-04-13 |
Grasim
Mumbai, India Grasim Industries engages in diversified products, include viscose staple fiber (VSF), grey cement, white cement, chemicals, and textiles. Grasim Industries was founder in 1947 and is based in Mumbai, Maharashtra. |
Buy | - |
Connora Technologies is a chemical company with expertise in design of performance thermoset materials. Their revolutionary Recyclamine® polymer technology forms the basis for creating a new market around transformable and reusable thermoset plastics. Recylamines® balance performance, cost, manufacturability, and recyclability and for a new class of diverse performance polymers. Upon the acquisition of Recyclamine, Connora will now spin-out another company based on its Smart Dielectric® films, in order to address cost and performance limitations in electronic materials, ultimately enabling more powerful mobile electronic devices.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Chemicals M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| State: California M&A | 1 of 1 |
| Country: United States M&A | 1 of 1 |
| Year: 2019 M&A | 1 of 1 |