M&A Deal Summary

CABB Acquires Jayhawk

On August 30, 2018, CABB acquired chemicals company Jayhawk from Evonik Industries

Acquisition Highlights
  • This is CABB’s 3rd transaction in the Chemicals sector.
  • This is CABB’s 1st transaction in the United States.
  • This is CABB’s 1st transaction in Kansas.

M&A Deal Summary
Date 2018-08-30
Target Jayhawk
Sector Chemicals
Buyer(s) CABB
Sellers(s) Evonik Industries
Deal Type Divestiture

Target

Jayhawk

Galena, Kansas, United States
Jayhawk is a fine chemical and custom manufacturing solutions, i.e. precursors for the production of agrochemicals. JAYHAWK is perfectly positioned as the focal point for the company's global fine chemical custom manufacturing activities, empowering agrochemical and industrial customers to benefit from JAYHAWK's expertise in complex, multi-step chemical synthesis. Founded in 1941, it employs 120 people and is headquartered in Kansas.

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Buyer(S) 1

Buyer

CABB

Sulzbach am Taunus, Germany
Category Company
Founded 2003
Sector Chemicals
Employees1,000
DESCRIPTION

CABB is a vertically integrated global supplier of fine and specialty chemicals and customer manufacturing solutions for the agrochemicals, pharmaceuticals, personal care, and food markets. CABB was founded in 2003 and is based in Sulzbach am Taunus, Germany.

DEAL STATS #
Overall 3 of 3
Sector (Chemicals) 3 of 3
Type (Divestiture) 1 of 1
State (Kansas) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-22 KemFine Oy

Helsinki, Finland

KemFine is a leading ‘tier one’ supplier to the fine chemicals market, with exclusive long term supply agreements with the top global agrochemical companies.The business provides world-class, confidential and exclusive custom manufacturing related services in three business segments: agrochemicals, pharmaceuticals and specialities. The company is headquartered in Helsinki with operational sites in Kokkola, Finland and Grangemouth, UK.

Buy -

Seller(S) 1

SELLER

Evonik Industries

Essen, Germany
Category Company
Founded 1873
Sector Diversified
Employees33,090
Revenue 15.3B EUR (2023)
DESCRIPTION

Evonik Industries is an industrial corporation with worldwide operations grouped in three business areas Chemicals, Energy and Real Estate which are positioned at the forefront of their market segments. It is a global leader in specialty chemicals (former Degussa), an expert in power generation from hard coal and renewable energies (former STEAG) and one of Germany's largest privately owned residential real estate companies. Evonik Industries was founded in 1873 and is based in Essen, Germany.

DEAL STATS #
Overall 4 of 8
Sector (Chemicals) 4 of 5
Type (Divestiture) 4 of 8
State (Kansas) 1 of 1
Country (United States) 1 of 2
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-13 Dr. Straetmans

Hamburg, Germany

Dr. Straetmans GmbH is a supplier and trader of high-quality raw materials, and also as a developer and trendsetter of innovative concepts and formulations.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-08 PeroxyChem

Philadelphia, Pennsylvania, United States

PeroxyChem LLC is a provider in peroxygen and adjacent chemistries with facilities in North America, Europe, and Asia. PeroxyChem manufactures high-quality products and innovative applications developed as a result of ingenuity and technical expertise. PeroxyChem LLC is based in Philadelphia, Pennsylvania.

Buy $625M
Mergr

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