M&A Deal Summary

American Carbonyl Acquires Ashland - Carbonyl Iron Manufacturing assets and business lines

On May 8, 2023, American Carbonyl acquired chemicals company Ashland - Carbonyl Iron Manufacturing assets and business lines from Ashland

Acquisition Highlights
  • This is American Carbonyl’s 1st transaction in the Chemicals sector.
  • This is American Carbonyl’s 1st transaction in the United States.
  • This is American Carbonyl’s 1st transaction in Kentucky.

M&A Deal Summary
Date 2023-05-08
Target Ashland - Carbonyl Iron Manufacturing assets and business lines
Sector Chemicals
Buyer(s) American Carbonyl
Sellers(s) Ashland
Deal Type Divestiture

Target

Ashland - Carbonyl Iron Manufacturing assets and business lines

Covington, Kentucky, United States
Ashland's Carbonyl Iron Manufacturing assets and business lines are critical raw materials for the chemical, defense, and metals manufacturing sectors. Ashland's Carbonyl Iron Manufacturing assets and business lines are based in Covington, Kentucky.

Search 199,713 Deals Now

SEARCH BY

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

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

American Carbonyl

Huntsville, Alabama, United States
Category Company
Founded 1925
Sector Chemicals
DESCRIPTION

American Carbonyl is a manufacturer of Carbonyl Iron Micropowders and Iron Pentacarbonyl. American Carbonyl was founded in 1925 and is based in Huntsville, Alabama.

DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
State (Kentucky) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1

Seller(S) 1

SELLER

Ashland

Wilmington, Delaware, United States
Category Company
Founded 1924
Sector Chemicals
Employees3,800
Revenue 2.2B USD (2023)
DESCRIPTION

Ashland is a global specialty chemicals company. Ashland has three reportable segments: Specialty Ingredients, Performance Materials, and Valvoline. Specialty Ingredients is a global provider of cellulose ethers, vinyl pyrrolidones, and biofunctionals. Performance Materials is composed of two divisions: Composites and Intermediates/Solvents. Performance Materials is a global provider of unsaturated polyester resins and vinyl ester resins. Ashland was founded in 1924 and is based in Wilmington, Delaware.

DEAL STATS #
Overall 12 of 14
Sector (Chemicals) 10 of 10
Type (Divestiture) 10 of 12
State (Kentucky) 4 of 4
Country (United States) 12 of 14
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-31 Ashland Global Holdings - Performance Adhesives Business

Covington, Kentucky, United States

Ashland Global Holdings' Performance Adhesives Business has a portfolio of products that are well-positioned in the market and valuable technologies with differentiating performance for customers across a variety of applications and markets.

Sell $1.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-07 Ashland Nutraceuticals

Wilmington, Delaware, United States

Ashland Nutraceuticals is a provider of proprietary nutrition ingredients and custom formulation services that supplies a broad portfolio of both active ingredients and formulation aids to nutritional product companies. Ashland Nutraceuticals is based in Wilmington, Delaware.

Sell -
Mergr

Product

Company

Legal