M&A Deal Summary |
|
|---|---|
| Date | 2023-02-06 |
| Target | Solus Biotech |
| Sector | Chemicals |
| Buyer(s) | Croda International |
| Sellers(s) | Solus Advanced Materials |
| Deal Type | Divestiture |
| Deal Value | 350.0B KRW |
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| Category | Company |
|---|---|
| Founded | 1925 |
| Sector | Chemicals |
| Employees | 5,852 |
| Revenue | 1.7B GBP (2023) |
Croda provides natural based speciality chemicals which are sold to virtually every type of industry. The company has approximately 3400 employees, working in 34 countries. Croda International was founded in 1925 and is based in Goole, the United Kingdom.
| DEAL STATS | # |
|---|---|
| Overall | 11 of 11 |
| Sector (Chemicals) | 6 of 6 |
| Type (Divestiture) | 1 of 1 |
| Country (South Korea) | 1 of 1 |
| Year (2023) | 1 of 1 |
| Size (of disclosed) | 2 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-12-22 |
Croda International - Bio-Based Industrial Business
Goole, United Kingdom Croda’s bio-based industrial business includes production facilities across Europe and Asia, along with a strong technology portfolio that supports leading market positions in automotive, polymer, and food packaging applications. |
Sell | $1.0B |
| Category | Company |
|---|---|
| Founded | 2019 |
| Sector | Manufacturing |
| Employees | 1,178 |
| Revenue | 429.4B KRW (2023) |
Solus Advanced Materials is a manufacturer of battery copper foil for use in electric car batteries; copper foil for use in various electronic equipment; electro materials for use in organic light emitting diode display devices and natural biomaterials for use in pharmaceutical, cosmeceutical, and nutraceutical ingredients. Solus was founded in 2019 and is based in Seongnam-si, South Korea.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Chemicals) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| Country (South Korea) | 1 of 1 |
| Year (2023) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
