M&A Deal Summary

Chemtura Acquires Solaris ChemTech Industries - Bromine Assets

On September 26, 2012, Chemtura acquired chemicals company Solaris ChemTech Industries - Bromine Assets from Solaris ChemTech Industries

Acquisition Highlights
  • This is Chemtura’s 4th transaction in the Chemicals sector.
  • This is Chemtura’s 1st transaction in India.

M&A Deal Summary

Date 2012-09-26
Target Solaris ChemTech Industries - Bromine Assets
Sector Chemicals
Buyer(s) Chemtura
Sellers(s) Solaris ChemTech Industries
Deal Type Divestiture

Target

Solaris ChemTech Industries - Bromine Assets

Gurgaon, India
Solaris ChemTech Industries Ltd. - Bromine Assets includes manufacture of chemical products.

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Buyer(S) 1

Buyer

Chemtura

Philadelphia, Pennsylvania, United States

Category Company
Founded 1900
Sector Chemicals
Employees2,500
Revenue 1.7B USD (2015)
DESCRIPTION

Chemtura Corp. is a specialty chemicals company. Chemtura offers a number of products used in the transportation, energy & electronics, and agriculture sectors. Chemtura was formed in 1900 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 4 of 4
Sector: Chemicals M&A 4 of 4
Type: Divestiture M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-01 DayStar Materials

Pyeongtaek, South Korea

DayStar Materials LLC is a manufacturer and marketer of high-purity metal organic precursors for the rapidly growing LED market.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-12 Addivant

Danbury, Connecticut, United States

Addivant is a provider of a comprehensive portfolio of additives including antioxidants, antiozonants, inhibitors, polymer modifiers and UV stabilizers used by customers to improve the production and performance properties of polymers, plastics and rubbers. Addivant is headquartered in Connecticut and maintains a global footprint with 11 plants on five continents.

Sell $200M

Seller(S) 1

SELLER

Solaris ChemTech Industries

Gurgaon, India

Category Company
Founded 2001
Sector Chemicals
DESCRIPTION

Solaris ChemTech Industries Ltd. is a producer of speciality bromine chemicals used in agrochemicals, pharmaceuticals, flame retardants, amongst other applications.


DEAL STATS #
Overall 1 of 1
Sector: Chemicals M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2012 M&A 1 of 1