M&A Deal Summary

Apcotex Industries Acquires OMNOVA Solutions - Rubber Manufacturing Business

On February 9, 2016, Apcotex Industries acquired chemicals company OMNOVA Solutions - Rubber Manufacturing Business from OMNOVA Solutions for 5M USD

Acquisition Highlights
  • This is Apcotex Industries’ 1st transaction in the Chemicals sector.
  • This is Apcotex Industries’ largest (disclosed) transaction.
  • This is Apcotex Industries’ 1st transaction in the United States.

M&A Deal Summary

Date 2016-02-09
Target OMNOVA Solutions - Rubber Manufacturing Business
Sector Chemicals
Buyer(s) Apcotex Industries
Sellers(s) OMNOVA Solutions
Deal Type Divestiture
Deal Value 5M USD

Target

OMNOVA Solutions - Rubber Manufacturing Business

United States
OMNOVA Solutions - Rubber Manufacturing Business is a manufacturer of rubber products.

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Buyer(S) 1

Buyer

Apcotex Industries

Mumbai, India

Category Company
Founded 1980
Sector Plastics
Employees565
Revenue 11.2B INR (2024)
DESCRIPTION

Apcotex Industries is a producers of performance emulsion polymers. Apcotex Industries was founded in 1980 and is based in Mumbai, India.


DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

OMNOVA Solutions

Beachwood, Ohio, United States

Category Company
Founded 1999
Sector Chemicals
Employees1,900
Revenue 770M USD (2018)
DESCRIPTION
OMNOVA Solutions' corporate headquarters in Fairlawn, Ohio.
OMNOVA Solutions' corporate headquarters in Fairlawn, Ohio.

OMNOVA Solutions, Inc. is a manufacturer of emulsion polymers and specialty chemicals. OMNOVA was formed in 1999 and is based in Fairlawn, Ohio. OMNOVA Solutions was founded in 1999 and is based in Beachwood, Ohio.


DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-14 Eliokem International SAS

Villejust, France

Eliokem International SAS is a manufacturer and marketer of speciality chemicals used in paints, masonry coatings, rubber, plastic, printer toners, textiles and latex.

Buy €228M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-26 Resiquímica S.A.

Sintra, Portugal

Resiquímica S.A. is a producer of resins and binders for the coatings and building and construction industries. Resiquímica S.A. is based in Sintra, Portugal.

Buy -