M&A Deal Summary

Allied Signal and Union Carbide Acquire UOP

On August 1, 1998, Allied Signal and Union Carbide acquired distribution company UOP

Acquisition Highlights
  • This is Allied Signal’s 1st and Union Carbide’s 1st transaction in the Distribution sector.
  • This is Allied Signal’s 1st and Union Carbide’s 1st transaction in the United States.
  • This is Allied Signal’s 1st and Union Carbide’s 1st transaction in Illinois.
Investment Fate
  • UOP was sold to a strategic buyer in 1999.
  • UOP was sold to a consortium of strategic buyers in 2005 for 825M USD.

M&A Deal Summary

Date 1998-08-01
Target UOP
Sector Distribution
Buyer(s) Allied Signal
Union Carbide
Deal Type Joint Venture

Target

UOP

Des Plaines, Illinois, United States
UOP LLC, a supplier and licensor of process technology, catalysts, process plants and consulting services to the petroleum refining, petrochemical and gas processing industries.

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Buyer(S) 2

Buyer

Allied Signal

Hebron, Kentucky, United States

Category Company
Sector Automotive
DESCRIPTION

Allied Signal manafuctures barake pads brake rotors, bearings and drums for engine parts of vehicle.


DEAL STATS #
Overall 1 of 2
Sector: Distribution M&A 1 of 1
Type: Joint Venture M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 1998 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-08-18 Johnson Matthey - Electronic Materials Division

United Kingdom

The Electronic Materials Division (EMD) is a leading supplier of advanced interconnect products and services and semiconductor materials to the global electronics industry. In the year ended 31st March 1999 the Division had sales of £414.7 million and reported an operating profit of £22.1 million. Net operating assets at 31st March 1999 were £262.0 million.

Buy $655M
Buyer

Union Carbide

Houston, Texas, United States

Category Company
Founded 1917
Sector Chemicals
Employees2,400
DESCRIPTION

Union Carbide Corp. is a chemical and polymers company. The company possesses some of the industry's most advanced process and catalyst technologies, and operates some of the most cost-efficient, large-scale production facilities in the world.


DEAL STATS #
Overall 1 of 1
Sector: Distribution M&A 1 of 1
Type: Joint Venture M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 1998 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-01 UOP

Des Plaines, Illinois, United States

UOP LLC, a supplier and licensor of process technology, catalysts, process plants and consulting services to the petroleum refining, petrochemical and gas processing industries.

Sell $825M