M&A Deal Summary

Albemarle Acquires Mineral Resources - Wodgina hard rock lithium mine

On July 31, 2019, Albemarle acquired metals/mining company Mineral Resources - Wodgina hard rock lithium mine from Mineral Resources

Acquisition Highlights
  • This is Albemarle’s 1st transaction in the Metals/Mining sector.
  • This is Albemarle’s 1st transaction in Australia.

M&A Deal Summary

Date 2019-07-31
Target Mineral Resources - Wodgina hard rock lithium mine
Sector Metals/Mining
Buyer(s) Albemarle
Sellers(s) Mineral Resources
Deal Type Divestiture

Target

Mineral Resources - Wodgina hard rock lithium mine

Applecross, Australia
Mineral Resources Ltd. - Wodgina hard rock lithium mine is a mining service provider.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

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 9 of 10
Sector: Metals/Mining M&A 1 of 1
Type: Divestiture M&A Deals 4 of 5
Country: Australia M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-25 Albemarle - Fine Chemistry Services Business

Charlotte, North Carolina, United States

Albemarle Corp.'s Fine Chemistry Services Business is a provider of chemical products.

Sell $570M

Seller(S) 1

SELLER

Mineral Resources

Osborne Park, Australia

Category Company
Founded 1993
Sector Metals/Mining
Employees7,200
Revenue 5.3B AUD (2024)
DESCRIPTION

Mineral Resources is a diversified mining service, contracting, processing, and commodities production company. Mineral Resources has a portfolio of market's various brands including PIHA, Crushing Services International, Process Minerals International, Polaris Metals, and Mesa Minerals. Mineral Resources was founded in 1993 and is based in Osborne Park, Australia.


DEAL STATS #
Overall 1 of 1
Sector: Metals/Mining M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-02 Auvex Resources

Mount Pleasant, Australia

Auvex Resources Ltd. is an exploration and production of iron ore minerals.

Buy -