M&A Deal Summary

Ciech Acquires Sodawerk Staßfurt KG

On November 23, 2007, Ciech acquired chemicals company Sodawerk Staßfurt KG from ECM Equity Capital Management for 75M EUR

Acquisition Highlights
  • This is Ciech’s 1st transaction in the Chemicals sector.
  • This is Ciech’s 0th largest (disclosed) transaction.
  • This is Ciech’s 1st transaction in Germany.

M&A Deal Summary

Date 2007-11-23
Target Sodawerk Staßfurt KG
Sector Chemicals
Buyer(s) Ciech
Sellers(s) ECM Equity Capital Management
Deal Type Add-on Acquisition
Deal Value 75M EUR

Target

Sodawerk Staßfurt KG

Stassfurt, Germany
Sodawerk StaBfurt, based in StaBfurt (Saxony-Anhalt), produces light and heavy soda as well as sodium bicarbonate. Soda is a mature commodity utilized as an essential raw material, mainly used in the glass industry. For this purpose, a mixture of soda, sand, lime stone and special aggregates is melted at a temperature of 1.500?C. This mixture consists of up to 20% of soda. Sodawerk StaBfurt supplies the main glass and detergent producers in Germany and neighboring countries. Sodium bicarbonate is used as baking soda in the food industry, in medicine as well as in various other industries.

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Buyer(S) 1

Buyer

Ciech

Warsaw, Poland

Category Company
Founded 1945
Sector Life Science
Employees3,363
Revenue 3.0B EUR (2020)
DESCRIPTION

The activities of Ciech and its subsidiaries include the production, trade and distribution of chemicals as well as comprehensive service activities directed at the domestic and foreign market. The activities are handled with participation of domestic or foreign companies and international agencies of Ciech. Ciech was incorporated in 1945 and is headquartered in Warsaw, Poland.


DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Germany) 1 of 1
Year (2007) 1 of 1

Seller(S) 1

SELLER

ECM Equity Capital Management

Frankfurt, Germany

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 1.0B EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Equity Capital Management (ECM) is a private investment firm that looks to acquire majority/minority interests in mid-sized companies through its German Equity Partners private equity funds. ECM primarily looks for buyout opportunities to support succession and spin-off situations. Targets companies typically have annual sales between EUR10 and EUR250 million and are in the manufacturing, service or trade industries. ECM's geographical focus is within German-speaking Europe. ECM is based in Frankfurt.


DEAL STATS #
Overall 13 of 22
Sector (Chemicals) 1 of 1
Type (Add-on Acquisition) 8 of 11
Country (Germany) 11 of 18
Year (2007) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-05 Sodawerk Staßfurt KG

Stassfurt, Germany

Sodawerk StaBfurt, based in StaBfurt (Saxony-Anhalt), produces light and heavy soda as well as sodium bicarbonate. Soda is a mature commodity utilized as an essential raw material, mainly used in the glass industry. For this purpose, a mixture of soda, sand, lime stone and special aggregates is melted at a temperature of 1.500?C. This mixture consists of up to 20% of soda. Sodawerk StaBfurt supplies the main glass and detergent producers in Germany and neighboring countries. Sodium bicarbonate is used as baking soda in the food industry, in medicine as well as in various other industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-14 Maredo Restaurants Holding

Dusseldorf, Germany

Maredo is one of the leading German food service company with about 60 restaurants in Germany and Austria. Because of its 30-year history and national presence, the company has an extraordinary brand awareness. This allows the company to, among other things, high-quality meat from specially certified slaughterhouses in South America successful in the German food retail market to market.

Buy -