M&A Deal Summary

Covestro Acquires Ure-Tech Group of Taiwan

On January 1, 2007, Covestro acquired chemicals company Ure-Tech Group of Taiwan for 85M USD

Acquisition Highlights
  • This is Covestro’s 2nd transaction in the Chemicals sector.
  • This is Covestro’s largest (disclosed) transaction.
  • This is Covestro’s 1st transaction in Taiwan.

M&A Deal Summary

Date 2007-01-01
Target Ure-Tech Group of Taiwan
Sector Chemicals
Buyer(s) Covestro
Deal Type Add-on Acquisition
Deal Value 85M USD

Target

Ure-Tech Group of Taiwan

Changhua, Taiwan
Ure-Tech Group of Taiwan is a manufacturer of thermoplastic polyurethane resins and films.

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Buyer(S) 1

Buyer

Covestro

Leverkusen, Germany

Category Company
Founded 1863
Sector Chemicals
Employees17,543
Revenue 14.4B EUR (2023)
DESCRIPTION

Covestro is a provider of high-value polymers and innovative solutions for key sectors such as transportation, construction, electronics, furniture, sports equipment and textiles. Covestro was founded in 1863 and is based in Leverkusen, Germany.


DEAL STATS #
Overall 2 of 4
Sector (Chemicals) 2 of 2
Type (Add-on Acquisition) 2 of 3
Country (Taiwan) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-17 Polythane Systems

Spring, Texas, United States

Polythane Systems, Inc. is a provider of spray polyurethane foam roofing systems in the United States.

Buy €20M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-30 Hennecke

Sankt Augustin, Germany

Hennecke is a manufacturer of high-quality machinery equipment and systems for polyurethane (“PUR”) processing. Hennecke operates production sites in Germany, Italy, China, and the USA, eleven service and sales offices as well as local sales partners selling its products into more than 100 countries. Hennecke was founded in 1945 and is based in Sankt Augustin, Germany.

Sell -