M&A Deal Summary

BASF Acquires Chemetall

On June 17, 2016, BASF acquired chemicals company Chemetall from Albemarle for 3.2B USD

Acquisition Highlights
  • This is BASF’s 11th transaction in the Chemicals sector.
  • This is BASF’s 4th largest (disclosed) transaction.
  • This is BASF’s 2nd transaction in Germany.

M&A Deal Summary
Date 2016-06-17
Target Chemetall
Sector Chemicals
Buyer(s) BASF
Sellers(s) Albemarle
Deal Type Divestiture
Deal Value 3.2B USD

Target

Chemetall

Frankfurt, Germany
Chemetall GmbH is a provider of chemicals and processes for surface treatment of metals and other substrates, Lithium compounds and other specialty chemicals.

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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 15 of 20
Sector (Chemicals) 11 of 12
Type (Divestiture) 4 of 4
Country (Germany) 2 of 3
Year (2016) 2 of 2
Size (of disclosed) 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-22 BASF - Polyolefin Catalysts Business

Pasadena, Texas, United States

BASF’s Polyolefin Catalysts business includes its LYNX® high-activity PE catalyst technologies that are utilized commercially in slurry processes for the production of high-density PE resins such as bimodal film and pipe. LYNX® PP catalyst technologies are used commercially in all major PP process technologies including slurry, bulk loop, stirred gas, fluid gas, and stirred bulk.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-26 BASF - Global Photoinitiator Business

Ludwigshafen, Germany

BASF - Global Photoinitiator Business are used in radiation curing formulations in various industries. Typical end use applications are coatings for furniture and flooring, printing labels, consumer goods and food packaging, and in electronics.

Sell -

Seller(S) 1

SELLER

Albemarle

Charlotte, North Carolina, United States
Category Company
Founded 1887
Sector Chemicals
Employees7,400
Revenue 9.6B USD (2023)
DESCRIPTION

Albemarle is a global developer, manufacturer and marketer of highly-engineered specialty chemicals that meet customer needs across a diverse range of end markets. Markets Albemarle serves include petroleum refining, consumer electronics, plastics/packaging, construction, automotive, lubricants, pharmaceuticals, crop protection, food safety and custom chemistry services. Albemarle was incorporated in 1887 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 6 of 8
Sector (Chemicals) 5 of 7
Type (Divestiture) 6 of 8
Country (Germany) 2 of 2
Year (2016) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-04 Albemarle Corp - Tribotecc Metal Sulfides Business

United States

Albemarle Corp - Tribotecc Metal Sulfides Business is a provider of chemical products.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-23 Jiangli New Materials - Lithium Hydroxide & Carbonate Assets

China

Jiangli New Materials - Lithium Hydroxide & Carbonate Assets includes manufacturing assets located in both Jiangxi and Sichuan, China focused on the production of battery-grade lithium carbonate and lithium hydroxide.

Buy -
Mergr

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