M&A Deal Summary

Borealis AG Acquires PEC-Rhin S.A.

On November 25, 2011, Borealis AG acquired chemicals company PEC-Rhin S.A. from BASF and GPN S.A.

Acquisition Highlights
  • This is Borealis AG’s 1st transaction in the Chemicals sector.
  • This is Borealis AG’s 1st transaction in France.

M&A Deal Summary

Date 2011-11-25
Target PEC-Rhin S.A.
Sector Chemicals
Buyer(s) Borealis AG
Sellers(s) BASF
GPN S.A.
Deal Type Divestiture

Target

PEC-Rhin S.A.

Ottmarsheim, France
PEC-Rhin is a producer of nitrate fertilizers as well as ammonia, ammonia water and nitric acid for industrial use.

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Buyer(S) 1

Buyer

Borealis AG

Vienna, Austria

Category Company
Founded 1994
Sector Chemicals
Employees6,266
DESCRIPTION

Borealis AG is a provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers.


DEAL STATS #
Overall 1 of 5
Sector: Chemicals M&A 1 of 4
Type: Divestiture M&A Deals 1 of 4
Country: France M&A 1 of 2
Year: 2011 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-12 DEXPlastomers V.o.F.

Heerlen, Netherlands

DEXPlastomers V.o.F. producing C8 plastomers and linear polyethylene. DSM’s LLDPE Compact Solution Technology was developed in the 1960’s to produce polyethylenes in a certain density range and is instrumental to the operations of DEX Plastomers.

Buy -

Seller(S) 2

SELLER

BASF

Ludwigshafen, Germany

Category Company
Founded 1865
Sector Chemicals
Employees110,918
Revenue 65.3B EUR (2024)
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 6 of 27
Sector: Chemicals M&A 3 of 20
Type: Divestiture M&A Deals 4 of 25
Country: France M&A 1 of 1
Year: 2011 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-31 BASF - Surface Technologies Business

United States

BASF - Surface Technologies Business is a supplier of metallic and ceramic thermal spray coatings primarily for the aerospace and power generation markets. BASF’s Surface Technologies business has approximately 150 employees at its three operating facilities located in East Windsor, CT, Wilmington, MA and Duncan, SC. All three facilities are ISO 9001 certified and Nadcap approved for thermal spray coating of aerospace components. The transaction is expected to close within ninety days from signing.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-14 Ovonic Battery Co.

Troy, Michigan, United States

Ovonic Battery Company Inc. develops and markets NiMH batteries.

Buy $58M
SELLER

GPN S.A.

France

Category Company
Sector Chemicals
Employees725
DESCRIPTION

GPN is a France’s manufacturer of nitrogen fertilizers and nitrogen oxide reducers. It supplies about 25% of the French market, with 725 employees in France. Its production facilities are located in Grandpuits in the greater Paris region and Grand Quevilly in Normandy.


DEAL STATS #
Overall 1 of 1
Sector: Chemicals M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: France M&A 1 of 1
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-01 PEC-Rhin S.A.

Ottmarsheim, France

PEC-Rhin is a producer of nitrate fertilizers as well as ammonia, ammonia water and nitric acid for industrial use.

Buy -