M&A Deal Summary

Albemarle Acquires Jiangli New Materials - Lithium Hydroxide & Carbonate Assets

On August 23, 2016, Albemarle acquired chemicals company Jiangli New Materials - Lithium Hydroxide & Carbonate Assets from Jiangxi Jiangli New Materials Science and Technology Co.

Acquisition Highlights
  • This is Albemarle’s 8th transaction in the Chemicals sector.
  • This is Albemarle’s 1st transaction in China.

M&A Deal Summary

Date 2016-08-23
Target Jiangli New Materials - Lithium Hydroxide & Carbonate Assets
Sector Chemicals
Buyer(s) Albemarle
Sellers(s) Jiangxi Jiangli New Materials Science and Technology Co.
Deal Type Divestiture

Target

Jiangli New Materials - Lithium Hydroxide & Carbonate Assets

China
Jiangli New Materials - Lithium Hydroxide & Carbonate Assets includes manufacturing assets located in both Jiangxi and Sichuan, China focused on the production of battery-grade lithium carbonate and lithium hydroxide.

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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 8 of 10
Sector: Chemicals M&A 8 of 9
Type: Divestiture M&A Deals 3 of 5
Country: China M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-17 Chemetall

Frankfurt, Germany

Chemetall GmbH is a provider of chemicals and processes for surface treatment of metals and other substrates, Lithium compounds and other specialty chemicals.

Sell $3.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-14 Albemarle - Polyolefin Catalysts Business

Baton Rouge, Louisiana, United States

Albemarle Corp. - Polyolefin Catalysts Business manufactures single-site catalysts as well as metallocenes and activators.

Sell $416M

Seller(S) 1

SELLER

Jiangxi Jiangli New Materials Science and Technology Co.

Xinyu, China

Category Company
Founded 2005
Sector Chemicals
DESCRIPTION

Jiangxi Jiangli New Materials Science and Technology Co. Ltd. engages in research and manufacturing of lithium hydroxide and lithium carbonate. The company was founded in 2005 and is based in Xinyu, China.


DEAL STATS #
Overall 1 of 1
Sector: Chemicals M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2016 M&A 1 of 1