M&A Deal Summary

General Electric Acquires Betz-Dearborn

On February 13, 2002, General Electric acquired chemicals company Betz-Dearborn from Hercules for 1.8B USD

Acquisition Highlights
  • This is General Electric’s 1st transaction in the Chemicals sector.
  • This is General Electric’s 10th largest (disclosed) transaction.
  • This is General Electric’s 3rd transaction in the United States.
  • This is General Electric’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2002-02-13
Target Betz-Dearborn
Sector Chemicals
Buyer(s) General Electric
Sellers(s) Hercules
Deal Type Divestiture
Deal Value 1.8B USD

Target

Betz-Dearborn

Trevose, Pennsylvania, United States
Betz-Dearborn Inc. is a producer of chemicals used principally in water-treatment and industrial processes.

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Buyer(S) 1

Buyer

General Electric

Boston, Massachusetts, United States
Category Company
Founded 1892
Sector Diversified
Employees205,000
Revenue 67.6B USD (2023)
DESCRIPTION

General Electric is a diversified technology and financial services corporation. Products and services range from aircraft engines, power generation, water processing, and household appliances to medical imaging, business and consumer financing and industrial products. General Electric was founded in 1892 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 3 of 41
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 4
State (Pennsylvania) 1 of 1
Country (United States) 3 of 20
Year (2002) 1 of 1
Size (of disclosed) 10 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-03-01 Reltec

Cleveland, Ohio, United States

Reltec designs, manufactures and sells a wide array of telecommunications products and services via a worldwide network of employees.

Buy $2.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-06-24 GXS

Gaithersburg, Maryland, United States

GXS is a leading global provider of B2B e-commerce solutions operating the world’s largest and most expansive network of integrated business communities. Organizations worldwide, including more than 70 percent of the Fortune 500, leverage the on-demand services on GXS Trading Grid® to extend supply chain networks, optimize product launches, automate warehouse receiving, manage electronic payments and gain supply chain visibility. GXS Managed Services, GXS’ B2B outsourcing solution, empowers customers with the expertise, technical infrastructure and program support to conduct B2B e-commerce with trading partners globally. Based in Gaithersburg, Md., GXS has an extensive global network and has local offices in the Americas, Europe and Asia-Pacific regions.

Sell $800M

Seller(S) 1

SELLER

Hercules

Wilmington,, Delaware, United States
Category Company
Founded 1882
Sector Chemicals
Employees4,660
DESCRIPTION

Hercules, Inc. is a manufacturer and marketer of chemicals used for making a variety of products for the home, office and industrial markets.

DEAL STATS #
Overall 2 of 3
Sector (Chemicals) 1 of 1
Type (Divestiture) 2 of 3
State (Pennsylvania) 2 of 2
Country (United States) 2 of 3
Year (2002) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-02-12 BetzDearborn

Trevose, Pennsylvania, United States

BetzDearborn is a global service company providing engineered chemical treatment of water and process systems in industrial applications. BetzDearborn is the second largest industrial water treatment service business in the world.

Sell $1.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-31 FiberVisions

Duluth, Georgia, United States

FiberVisions Corp. is a producer of polypropylene staple fiber for nonwoven fabrics and textile fibers used in consumer and industrial products.

Sell -
Mergr

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