M&A Deal Summary

Ashland Specialty Ingredients Acquires Integrated Botanical Technologies

On July 2, 2015, Ashland Specialty Ingredients acquired life science company Integrated Botanical Technologies from Akzo Nobel

Acquisition Highlights
  • This is Ashland Specialty Ingredients’ 1st transaction in the Life Science sector.
  • This is Ashland Specialty Ingredients’ 1st transaction in the United States.
  • This is Ashland Specialty Ingredients’ 1st transaction in New York.

M&A Deal Summary
Date 2015-07-02
Target Integrated Botanical Technologies
Sector Life Science
Buyer(s) Ashland Specialty Ingredients
Sellers(s) Akzo Nobel
Deal Type Divestiture

Target

Integrated Botanical Technologies

Ossining, New York, United States
Integrated Botanical Technologies, LLC - Zeta Fraction process and technology selectively isolates efficacious components from living plants and marine sources to produce a wide range of biofunctional ingredients. Targeted cellular fractions are gently separated based on unique patented technology, preserving the inherent value of the plant cell juice. Conventional plant extraction technology isolates botanical extracts from dried plants and uses external solvents that limit shelf life stability and reproducibility, among other limitations.

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Buyer(S) 1

Buyer

Ashland Specialty Ingredients

Dublin, Ohio, United States
Category Company
Founded 1999
Sector Chemicals
DESCRIPTION

Ashland Specialty Ingredients is a global producer of cellulose ethers and a global leader in vinyl pyrrolidones. It offers industry-leading products, technologies and resources for solving formulation and product-performance challenges. Using natural, synthetic and semisynthetic polymers derived from plant and seed extract, cellulose ethers and vinyl pyrrolidones, as well as acrylic and polyurethane-based adhesives, Specialty Ingredients offers comprehensive and innovative solutions for today's demanding consumer and industrial applications. Key customers include: pharmaceutical companies; makers of personal care products, food and beverages; manufacturers of paint, coatings and construction materials; packaging and converting; and oilfield service companies.

DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1

Seller(S) 1

SELLER

Akzo Nobel

Amsterdam, Netherlands
Category Company
Founded 1646
Sector Chemicals
Employees35,700
Revenue 10.7B EUR (2023)
DESCRIPTION

Akzo Nobel is a producer of decorative paints, performance coatings and specialty chemicals. Akzo Nobel was founded in 1646 and is based in Amsterdam, the Netherlands.

DEAL STATS #
Overall 15 of 16
Sector (Life Science) 2 of 2
Type (Divestiture) 13 of 14
State (New York) 1 of 1
Country (United States) 3 of 3
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-14 Akzo Nobel - North American Coatings Business

United States

Akzo Nobel's North American is an architectural coatings business.

Sell $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-17 BASF SE - Global Industrial Coatings Business

Germany

BASF SE - Global Industrial Coatings Business includes technologies, patents and trademarks, as well as securing supply to customers worldwide. Two manufacturing plants one in the UK and one in South Africa. The business generated revenue of about €300 million in 2015 and supplies products for a number of end uses, including coil, furniture foil and panel coatings, wind energy and general industry, and commercial transport.

Buy €475M
Mergr

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