Add-on Acquisition • Chemicals

ExxonMobil Chemical Co. Acquires Materia

On December 7, 2021, ExxonMobil Chemical Co. acquired chemicals company Materia

Acquisition Context
  • This is ExxonMobil Chemical Co.’s 3rd transaction in the Chemicals sector.
  • This is ExxonMobil Chemical Co.’s 1st transaction in the United States.
  • This is ExxonMobil Chemical Co.’s 1st transaction in California.

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M&A Deal Summary

Date December 7, 2021
Target Materia
Sector Chemicals
Buyer(s) ExxonMobil Chemical Co.
Deal Type Add-on Acquisition

Target Company

Materia

Pasadena, California, United States
Materia is a provider of high-performance catalysts and advanced polymers used to solve complex problems facing today's chemical, electronic, energy, industrial, pharmaceutical, and transportation companies. Materia was founded in 1998 and is based in Pasadena, California.
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Buyer Overview 1

Buyer

ExxonMobil Chemical Co.

Spring, Texas, United States

Category Company
Sector Chemicals
DESCRIPTION

ExxonMobil Chemical Company is one of the largest petrochemical companies worldwide. The company holds leadership positions in some of the largest-volume and highest-growth commodity petrochemical products in the world. ExxonMobil Chemical Company has manufacturing capacity in every major region of the world, serving large and growing markets. More than 90 percent of the Company’s chemical capacity is integrated with large refineries or natural gas processing plants.


Deal Context for Buyer #
Overall 3 of 3
Sector: Chemicals 3 of 3
Type: Add-on Acquisition 2 of 2
State: California 1 of 1
Country: United States 1 of 1
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-30 ExxonMobil Chemical Co. - Santoprene Business

Spring, Texas, United States

ExxonMobil Chemical's Santoprene Business develops a ready-to-use material that behaves like rubber but can be processed like a thermoplastic. Compared to materials such as EPDM (ethylene propylene diene polymethylene backbone) or other thermoset rubbers, Santoprene thermoplastic vulcanizates (TPVs) offer: total system costs reduction through manufacturing simplification and weight reduction through a part redesign. Santoprene is a proven solution serving markets as diversified and demanding as automotive, building and construction, industrial and consumer products.

Sell $1.2B