M&A Deal Summary

Ashland Acquires Hercules

On July 11, 2008, Ashland acquired chemicals company Hercules for 3.3B USD

Acquisition Highlights
  • This is Ashland’s 3rd transaction in the Chemicals sector.
  • This is Ashland’s largest (disclosed) transaction.
  • This is Ashland’s 4th transaction in the United States.
  • This is Ashland’s 1st transaction in Delaware.

M&A Deal Summary
Date 2008-07-11
Target Hercules
Sector Chemicals
Buyer(s) Ashland
Deal Type Add-on Acquisition
Deal Value 3.3B USD
Advisor(s) Credit Suisse Investment Banking (Financial)
Wachtell, Lipton, Rosen & Katz (Legal)

Target

Hercules

Wilmington,, Delaware, United States
Hercules, Inc. is a manufacturer and marketer of chemicals used for making a variety of products for the home, office and industrial markets.

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Buyer(S) 1

Buyer

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 4 of 7
Sector (Chemicals) 3 of 6
Type (Add-on Acquisition) 2 of 4
State (Delaware) 1 of 1
Country (United States) 4 of 6
Year (2008) 2 of 2
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-09 Air Products Non-Pressure Emulsions Business

United States

Air Products Non-Pressure Emulsions Business includes plants in Elkton and Piedmont. The Piedmont facility manufactures Flexcryl pressure sensitive adhesives. The Elkton plant produces atmospheric emulsions that are used in paint, adhesives, and paper coatings.

Buy $92M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-22 Drew Marine

Whippany, New Jersey, United States

Drew Marine is a global manufacturer and provider of advanced performance chemicals and safety solutions to virtually every sector of the international maritime and offshore markets. Drew Marine has 100 distribution locations in more than 50 countries. Drew Marine is based in Whippany, New Jersey.

Sell $120M
Mergr

Product

Company

Legal