Add-on Acquisition • Chemicals

Evonik Industries Acquires Jayhawk

On January 2, 2001, Evonik Industries acquired chemicals company Jayhawk

Acquisition Context
  • This is Evonik Industries’ 1st transaction in the Chemicals sector.
  • This is Evonik Industries’ 1st transaction in the United States.
  • This is Evonik Industries’ 1st transaction in Kansas.
Investment Fate
  • Jayhawk was divested to a consortium of strategic buyers in 2018.

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M&A Deal Summary

Date January 2, 2001
Target Jayhawk
Sector Chemicals
Buyer(s) Evonik Industries
Deal Type Add-on Acquisition

Target Company

Jayhawk

Galena, Kansas, United States
Jayhawk is a fine chemical and custom manufacturing solutions, i.e. precursors for the production of agrochemicals. JAYHAWK is perfectly positioned as the focal point for the company's global fine chemical custom manufacturing activities, empowering agrochemical and industrial customers to benefit from JAYHAWK's expertise in complex, multi-step chemical synthesis. Founded in 1941, it employs 120 people and is headquartered in Kansas.
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Buyer Overview 1

Buyer

Evonik Industries

Essen, Germany

Category Company
Founded 1873
Sector Diversified
Employees31,273
Revenue 15.2B EUR (2024)
DESCRIPTION

Evonik Industries is an industrial corporation with worldwide operations grouped in three business areas Chemicals, Energy and Real Estate which are positioned at the forefront of their market segments. It is a global leader in specialty chemicals (former Degussa), an expert in power generation from hard coal and renewable energies (former STEAG) and one of Germany's largest privately owned residential real estate companies. Evonik Industries was founded in 1873 and is based in Essen, Germany.


Deal Context for Buyer #
Overall 1 of 12
Sector: Chemicals 1 of 7
Type: Add-on Acquisition 1 of 9
State: Kansas 1 of 1
Country: United States 1 of 6
Year: 2001 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-04 Rütgers

Hanau, Germany

Leading supplier of basic aromatic products and carbon-based downstream technology products.

Sell -