M&A Deal Summary

DIC Acquires Innovation DIC Chemitronics

On June 1, 2023, DIC acquired chemicals company Innovation DIC Chemitronics from PCAS

Acquisition Highlights
  • This is DIC’s 1st transaction in the Chemicals sector.
  • This is DIC’s 1st transaction in Canada.
  • This is DIC’s 1st transaction in Quebec.

M&A Deal Summary

Date 2023-06-01
Target Innovation DIC Chemitronics
Sector Chemicals
Buyer(s) DIC
Sellers(s) PCAS
Deal Type Divestiture

Target

Innovation DIC Chemitronics

Saint-Jean-sur-Richelieu, Quebec, Canada
Innovation DIC Chemitronics manufactures and sells polymers used in photoresists for semiconductor photolithography. Innovation DIC Chemitronics was founded in 1989 and is based in Saint-Jean-sur-Richelieu, Quebec.

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Buyer(S) 1

Buyer

DIC

Tokyo, Japan

Category Company
Founded 1908
Sector Chemicals
Employees22,255
Revenue 1.04T JPY (2023)
DESCRIPTION

DIC is a chemicals company with printing inks, organic pigments, and PPS compounds in the global market. DIC has capitalized on its capabilities in organic pigments and synthetic resins to build a broad portfolio to markets such as automotive, electronics, foods, and housing. DIC was founded in 1908 and is based in Tokyo, Japan.


DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2023) 1 of 1

Seller(S) 1

SELLER

PCAS

Longjumeau, France

Category Company
Founded 1962
Sector Chemicals
Employees1,027
Revenue 226M EUR (2022)
DESCRIPTION

PCAS is an international fine and specialty chemicals group that shares an ambition for excellence with its customers, which primarily include market-leading international groups. PCAS designs and delivers the best industrial solutions for its customers' specific expectations. PCAS was founded in 1962 and is based in Longjumeau, France.


DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-11 Dynaction SA

Longjumeau, France

Dynaction SA, through subsidiaries, manufactures fine and specialty chemicals. The Company produces ingredients for human and animal pharmaceuticals, aroma components, ingredients for cosmetics, photosensitive products, pharmaceutical salts, metallic salts, metallic oxide derivatives, and additives and technical fluids for the petroleum and lubrication industries.

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