M&A Deal Summary

Albemarle Acquires Akzo Nobel - Catalysts Business

On April 19, 2004, Albemarle acquired chemicals company Akzo Nobel - Catalysts Business from Akzo Nobel for 625M EUR

Acquisition Highlights
  • This is Albemarle’s 1st transaction in the Chemicals sector.
  • This is Albemarle’s 2nd largest (disclosed) transaction.
  • This is Albemarle’s 1st transaction in the Netherlands.

M&A Deal Summary

Date 2004-04-19
Target Akzo Nobel - Catalysts Business
Sector Chemicals
Buyer(s) Albemarle
Sellers(s) Akzo Nobel
Deal Type Divestiture
Deal Value 625M EUR

Target

Akzo Nobel - Catalysts Business

Amsterdam, Netherlands
Akzo's Catalysts business is a producer of petroleum refining catalysts. Production sites for FCC and HPC catalysts are in Amsterdam (The Netherlands) and Pasadena (Texas, United States). Chemical Processing Catalysts (CPC) are produced in Amsterdam.

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Buyer(S) 1

Buyer

Albemarle

Charlotte, North Carolina, United States

Category Company
Founded 1887
Sector Chemicals
Employees7,400
Revenue 5.4B USD (2024)
DESCRIPTION

Albemarle develops, manufactures, and markets engineered specialty chemicals to meet customer needs across a diverse range of end markets. The company's services include petroleum refining, consumer electronics, plastics/packaging, construction, automotive, lubricants, pharmaceuticals, crop protection, food safety, and custom chemistry services. Albemarle was incorporated in 1887 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 1 of 10
Sector: Chemicals M&A 1 of 9
Type: Divestiture M&A Deals 1 of 5
Country: Netherlands M&A 1 of 1
Year: 2004 M&A 1 of 1
Size (of disclosed) 2 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-31 Sorbent Technologies

Twinsburg, Ohio, United States

Sorbent Technologies Corp. a full-service power plant mercury-control provider,provides sorbents, equipment, and services for the control of mercury emissions from utility and power plant boilers.

Buy $22M

Seller(S) 1

SELLER

Akzo Nobel

Amsterdam, Netherlands

Category Company
Founded 1646
Sector Chemicals
Employees33,700
Revenue 10.7B EUR (2024)
DESCRIPTION

Akzo Nobel is a producer of decorative paints, performance coatings and specialty chemicals. Akzo Nobel was founded in 1646 and is based in Amsterdam, Netherlands.


DEAL STATS #
Overall 3 of 16
Sector: Chemicals M&A 2 of 9
Type: Divestiture M&A Deals 3 of 14
Country: Netherlands M&A 2 of 6
Year: 2004 M&A 1 of 1
Size (of disclosed) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-23 Akzo Nobel - Industrial Liquid Coatings Business

Hungary

Akzo Nobel - Industrial Liquid Coatings are used to protect various manufactured products such as construction machinery and electrical supply equipment.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-26 AKZO Nobel - Electro Magnetic Compatibility Buisness

Japan

AKZO Nobel - Electro Magnetic Compatibility Buisness operates out of four sites near Tokyo and now enjoys a strong local market position. It provides a full range of EMC testing services including emissions and immunity testing to major Japanese manufacturers of electrical and electronic goods.

Sell €13M