M&A Deal Summary

Dow Acquires The Chemours Company - Aniline Facility

On November 19, 2015, Dow acquired chemicals company The Chemours Company - Aniline Facility from Chemours for 140M USD

Acquisition Highlights
  • This is Dow’s 9th transaction in the Chemicals sector.
  • This is Dow’s 4th largest (disclosed) transaction.
  • This is Dow’s 5th transaction in the United States.
  • This is Dow’s 4th transaction in Texas.

M&A Deal Summary

Date 2015-11-19
Target The Chemours Company - Aniline Facility
Sector Chemicals
Buyer(s) Dow
Sellers(s) Chemours
Deal Type Divestiture
Deal Value 140M USD

Target

The Chemours Company - Aniline Facility

Beaumont, Texas, United States
The Chemours Company - Aniline Facility consists of an aniline plant in Beaumont, Texas.

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Buyer(S) 1

Buyer

Dow

Midland, Michigan, United States

Category Company
Founded 2018
Sector Chemicals
Employees37,800
Revenue 44.6B USD (2023)
DESCRIPTION
Dow Chemical's corporate headquarters in Midland, Michigan.
Dow Chemical's corporate headquarters in Midland, Michigan.

Dow produces specialty chemicals, advanced materials, agrosciences, and plastics and delivers a range of technology-based products and solutions to customers in sectors that include packaging, electronics, water, coatings, and agriculture. Dow was founded in 2018 and is based in Midland, Michigan.


DEAL STATS #
Overall 9 of 10
Sector (Chemicals) 9 of 9
Type (Divestiture) 2 of 2
State (Texas) 4 of 5
Country (United States) 5 of 6
Year (2015) 2 of 2
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-03 AgroFresh

Philadelphia, Pennsylvania, United States

AgroFresh is a provider of data-driven specialty chemical solutions aimed at enabling growers and packers of fresh produce to preserve and enhance the freshness, quality, and value of fresh produce and to maximize the percentage of products supplied to the market relative to the amount of produce grown. AgroFresh Solutions was incorporated in 1994 and is based in Philadelphia, Pennsylvania.

Sell $810M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-23 MEGlobal B.V.

Dubai, United Arab Emirates

MEGlobal is a manufacturer, supplier of merchant monoethylene glycol (MEG) and diethylene glycol (DEG), collectively known as ethylene glycol (EG). EG is a key raw material used in a wide variety of products and applications including the manufacture of polyester fibers, polyethylene terephthalate resins (PET), antifreeze formulations and other industrial products.

Sell -

Seller(S) 1

SELLER

Chemours

Wilmington, Delaware, United States

Category Company
Founded 2014
Sector Chemicals
Employees6,500
Revenue 6.0B USD (2023)
DESCRIPTION

Chemours provides performance chemicals by operating three reporting segments: Titanium Technologies, Fluoroproducts, and Chemical Solutions. Chemours' Titanium Technologies segment is a global producer of titanium dioxide (TiO2), a premium white pigment used to deliver whiteness, brightness, opacity, and protection in a variety of applications. Chemours' Fluoroproducts segment is a global provider of fluoroproducts, such as refrigerants and industrial fluoropolymer resins. Its' Chemical Solutions segment is a North American provider of industrial and specialty chemicals used in gold production, oil refining, agriculture, industrial polymers, and other industries. Chemours was founded in 2014 and is based in Wilmington, Delaware.


DEAL STATS #
Overall 2 of 5
Sector (Chemicals) 2 of 4
Type (Divestiture) 2 of 5
State (Texas) 1 of 1
Country (United States) 2 of 5
Year (2015) 2 of 2
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-29 The Chemours Company - Manufacturing Assets

Belle, West Virginia, United States

Chemours' Manufacturing Assets consists of manufacturing facilities in Belle, West Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-25 The Chemours Company - Clean and Disinfect Business

Wilmington, Delaware, United States

Chemours' - Clean and Disinfect Business is a set of oxidation chemistry businesses focused on providing cleaning and disinfection solutions for a wide range of industrial, consumer, animal and human health applications. The product portfolio is organized into three primary categories: Disinfectants, Oxone and Chlorine Dioxide.

Sell $230M