M&A Deal Summary

BASF Acquires Air Products - Dinitrotoluene Production Facility

On April 5, 2006, BASF acquired chemicals company Air Products - Dinitrotoluene Production Facility from Air Products and Chemicals for 155M USD

Acquisition Highlights
  • This is BASF’s 2nd transaction in the Chemicals sector.
  • This is BASF’s 7th largest (disclosed) transaction.
  • This is BASF’s 2nd transaction in the United States.
  • This is BASF’s 1st transaction in Louisiana.

M&A Deal Summary
Date 2006-04-05
Target Air Products - Dinitrotoluene Production Facility
Sector Chemicals
Buyer(s) BASF
Sellers(s) Air Products and Chemicals
Deal Type Divestiture
Deal Value 155M USD

Target

Air Products - Dinitrotoluene Production Facility

Geismar, Louisiana, United States
Air Products Dinitrotoluene (DNT) Production Facility produces and supplies hydrogen, carbon monoxide and syngas.

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Buyer(S) 1

Buyer

BASF

Ludwigshafen, Germany
Category Company
Founded 1865
Sector Chemicals
Employees111,855
Revenue 68.9B EUR (2023)
DESCRIPTION
Entrance to BASF's office in Florham Park, New Jersey.
Entrance to BASF's office in Florham Park, New Jersey.

BASF is a global producer of chemicals. BASF looks to combine economic success with environmental protection and social responsibility. BASF was founded in 1865 and is based in Ludwigshafen, Germany.

DEAL STATS #
Overall 2 of 20
Sector (Chemicals) 2 of 12
Type (Divestiture) 1 of 4
State (Louisiana) 1 of 1
Country (United States) 2 of 8
Year (2006) 1 of 2
Size (of disclosed) 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-08 DyStar

Frankfurt, Germany

DyStar is a global provider of dyes and services to the fashion and textile industries. With operations in countries in Europe, Asia, Africa, and the Americas, DyStar manufactures, sells and distributes a wide range of dyestuffs and pigment preparations. DyStar has a solid market position, long-term relationships with key customers, and is well-known globally for its innovative products.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-12 Engelhard

Iselin, New Jersey, United States

Engelhard Corp. is a surface and materials science company that develops technologies to improve customers' products and processes.

Buy $4.9B

Seller(S) 1

SELLER

Air Products and Chemicals

Allentown, Pennsylvania, United States
Category Company
Founded 1940
Sector Chemicals
Employees20,000
Revenue 12.6B USD (2023)
DESCRIPTION

Air Products and Chemicals serves energy, electronics, chemicals, steel, and manufacturing customers globally with a unique portfolio of products, services, and solutions that include atmospheric gases, process and specialty gases, performance materials, equipment, and services. The Company is a supplier of hydrogen and helium and has built leading positions in growth markets such as semiconductor materials, refinery hydrogen, natural gas liquefaction, and advanced coatings and adhesives. Air Products and Chemicals was incorporated in 1940 and is based in Allentown, Pennsylvania.

DEAL STATS #
Overall 3 of 15
Sector (Chemicals) 3 of 9
Type (Divestiture) 3 of 13
State (Louisiana) 1 of 1
Country (United States) 3 of 13
Year (2006) 1 of 2
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-03 Tomah3 Products

Tomah, Wisconsin, United States

Tomah Products is a manufacturer of specialty chemicals. Producer of ether amines and derivatives and a major producer of alcohol ethoxylates. Tomah is also a supplier of cationic, nonionic and amphoterics surfactants to a variety of markets in typically specialized applications.

Buy $115M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-02 Air Products - Amines Business

United States

Air Products - Amines Business is a producer of methylamines and methylamine derivatives.

Sell $211M
Mergr

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