M&A Deal Summary

Arkema Acquires Oxford Performance Materials

On February 6, 2009, Arkema acquired plastics company Oxford Performance Materials from Longmeadow Capital

Acquisition Highlights
  • This is Arkema’s 1st transaction in the Plastics sector.
  • This is Arkema’s 1st transaction in the United States.
  • This is Arkema’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2009-02-06
Target Oxford Performance Materials
Sector Plastics
Buyer(s) Arkema
Sellers(s) Longmeadow Capital
Deal Type Add-on Acquisition

Target

Oxford Performance Materials

South Windsor, Connecticut, United States
Oxford Performance Materials, Inc. is an industry leader in the ultra-high performance thermoplastic polymers market. The firm's versatile OXPEKK® polymers are currently used in demanding applications ranging from long term human medical implant devices, to critical components of the semiconductor manufacturing process and fuel cell components for the Space Shuttle. OXPEKK® delivers ultra high purity, high temperature resistance, excellent chemical resistance, biocompatibility and mechanical properties comparable to metals.

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Buyer(S) 1

Buyer

Arkema

Colombes, France
Category Company
Founded 2003
Sector Chemicals
Employees21,100
Revenue 9.5B EUR (2023)
DESCRIPTION

Arkema is a chemical producer company. Arkema organized its activities into 3 complementary business segments: High Performance Materials: Technical polymers (Specialty polyamides and Fluoropolymers), Filtration and Adsorption (CECA), Organic Peroxydes, Specialty Adhesives (Bostik). Industrial Specialties: Thiochemicals, Fluorochemicals, PMMA (Altuglas International), Hydrogen Peroxides. Coating Solutions: Acrylics, Coating resins, Photocure resins (Sartomer) Rheology Additives (Coatex). Arkema was founded in 2003 and is based in Colombes, France.

DEAL STATS #
Overall 2 of 24
Sector (Plastics) 1 of 2
Type (Add-on Acquisition) 1 of 16
State (Connecticut) 1 of 1
Country (United States) 1 of 11
Year (2009) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-01 Coatex SAS

Genay, France

Coatex SAS is a manufactures specialty polymers mainly acrylic based, used as dispersants and thickeners. The main end markets of these high growth specialty chemical activities include paper, paint, water treatment, cosmetics and textile.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-03 Dow Chemical - Acrylates & Latex Assets

Midland, Michigan, United States

Dow Chemical - Acrylates & Latex Assets engages in production of copolymer of acrylic acid ester and acrylonitrile.

Buy -

Seller(S) 1

SELLER

Longmeadow Capital

Longmeadow, Massachusetts, United States

Investor Investor

Category Private Equity Firm
Founded 1993
Size Small
Type Sector Agnostic
DESCRIPTION

Longmeadow Capital is a private equity firm that makes equity and/or subordinated debt investments in small and middle market businesses throughout New England. Longmeadow focuses on profitable companies with proven management teams and unique competitive advantages. The Firm looks to invest $0.5 to $2.5 million in companies generating $2 to $20 million in revenues. Areas of interest include real estate, communications, manufacturing, services, and distribution. Target transactions include MBOs, growth capital financings, divestitures, ownership transitions, and turnarounds. Longmeadow was formed in 1993 and is based in Longmeadow, Massachusetts.

DEAL STATS #
Overall 2 of 4
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 2 of 4
State (Connecticut) 1 of 2
Country (United States) 2 of 4
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-01 Envoy Health

Miami Lakes, Florida, United States

Envoy is a nationwide, Medicare-approved and Exemplary Accredited provider of name-brand diabetes supplies, diabetes health education resources, and innovative care management services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-01 American Gourmet

East Hartford, Connecticut, United States

American Gourmet is a wholesale distributor of confectionery and related products.

Buy -
Mergr

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