M&A Deal Summary |
|
|---|---|
| Date | 2019-01-11 |
| Target | Florida Chemical |
| Sector | Chemicals |
| Buyer(s) | ADM |
| Sellers(s) | Flotek |
| Deal Type | Divestiture |
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| Category | Company |
|---|---|
| Founded | 1902 |
| Sector | Agriculture |
| Employees | 40,213 |
| Revenue | 93.9B USD (2023) |
ADM is a processor of oilseeds, corn, wheat, cocoa, and other agricultural commodities and is a manufacturer of protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other value-added food and feed ingredients. The Company also has a global grain elevator and transportation network to procure, store, clean, and transport agricultural commodities, such as oilseeds, corn, wheat, milo, oats, and barley, as well as processed agricultural commodities. ADM was founded in 1902 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 35 of 46 |
| Sector (Chemicals) | 3 of 4 |
| Type (Divestiture) | 9 of 9 |
| State (Florida) | 1 of 1 |
| Country (United States) | 17 of 20 |
| Year (2019) | 1 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-08-16 |
Algar Agro
Uberlândia, Brazil Algar Agro is a closely-held Brazilian company active in the soybean market since 1978. Its physical structure has two grain processing units and 17 warehouses strategically located near grain origination areas. In addition to the production, processing and commercialization of grains in the domestic and foreign markets, its anchor products are ABC's soybean oil and Fortpass and Raçafort soybean meal. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-01-17 |
Gleadell Agriculture
Lincolnshire, United Kingdom Gleadell Agriculture Ltd. is a supplier of combinable crops to UK millers, feed compounders and other consumers, and a major exporter of grains, oilseeds, and pulses to EU markets and further afield. The company sources crops directly from UK farmers and supplies certified seed and fertilizers. Key assets include port storage and ship loading operations along with extensive pulse and agricultural seed processing and storage. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1985 |
| Sector | Energy Services and Equipment |
| Employees | 131 |
| Revenue | 188M USD (2023) |
Flotek is a diversified global supplier of drilling and production products and services to the energy and mining industries. Flotek Industries was founded in 1985 and is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Chemicals) | 1 of 1 |
| Type (Divestiture) | 2 of 2 |
| State (Florida) | 1 of 1 |
| Country (United States) | 2 of 2 |
| Year (2019) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-05-02 |
Flotek Industries - Drilling Technologies Division
Houston, Texas, United States Flotek Industries - Drilling Technologies Division has been a foundation of Flotek for well over a decade and its resiliency through the cycles has been a testament to the proprietary equipment and high impact employees. Advanced, robust survey and MWD tools delivered by Teledrift improve drilling efficiency and reduce operating costs. |
Sell | $17M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-05-18 |
JP3 Measurement
Austin, Texas, United States JP3 Measurement LLC provides the industry’s only field-deployable, real-time, in-line optical analyzer for both liquid and natural gas measurement. With analysis points in every major basin across North America, The company is focused on improving the quality of hydrocarbon measurement and process control for the oil & gas industry. JP3 was formed in 2005 and is based in Austin, Texas. |
Buy | $34M |
