M&A Deal Summary

Grace Acquires Albemarle - Fine Chemistry Services Business

On February 25, 2021, Grace acquired chemicals company Albemarle - Fine Chemistry Services Business from Albemarle for 570M USD

Acquisition Highlights
  • This is Grace’s 6th transaction in the Chemicals sector.
  • This is Grace’s largest (disclosed) transaction.
  • This is Grace’s 4th transaction in the United States.
  • This is Grace’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2021-02-25
Target Albemarle - Fine Chemistry Services Business
Sector Chemicals
Buyer(s) Grace
Sellers(s) Albemarle
Deal Type Divestiture
Deal Value 570M USD

Target

Albemarle - Fine Chemistry Services Business

Charlotte, North Carolina, United States
Albemarle Corp.'s Fine Chemistry Services Business is a provider of chemical products.

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Buyer(S) 1

Buyer

Grace

Columbia, Maryland, United States

Category Company
Founded 1854
Sector Chemicals
Revenue 1.7B USD (2020)
DESCRIPTION
Entrance to W.R. Grace's corporate headquarters in Columbia, Maryland.
Entrance to W.R. Grace's corporate headquarters in Columbia, Maryland.

Grace is engaged in the production and sale of specialty chemicals and specialty materials on a global basis through three operating segments: Grace Catalysts Technologies, which includes catalysts and related products and technologies used in refining, petrochemical and other chemical manufacturing applications; Grace Materials Technologies, which includes packaging technologies and engineered materials used in consumer, industrial, and pharmaceutical applications; and Grace Construction Products, which includes specialty construction chemicals and specialty building materials used in commercial, infrastructure and residential construction. Grace was formed in 1854 and is based in Columbia, Maryland.


DEAL STATS #
Overall 7 of 7
Sector (Chemicals) 6 of 6
Type (Divestiture) 3 of 3
State (North Carolina) 1 of 1
Country (United States) 4 of 4
Year (2021) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-14 Albemarle - Polyolefin Catalysts Business

Baton Rouge, Louisiana, United States

Albemarle Corp. - Polyolefin Catalysts Business manufactures single-site catalysts as well as metallocenes and activators.

Buy $416M

Seller(S) 1

SELLER

Albemarle

Charlotte, North Carolina, United States

Category Company
Founded 1887
Sector Chemicals
Employees7,400
Revenue 9.6B USD (2023)
DESCRIPTION

Albemarle is a global developer, manufacturer and marketer of highly-engineered specialty chemicals that meet customer needs across a diverse range of end markets. Markets Albemarle serves include petroleum refining, consumer electronics, plastics/packaging, construction, automotive, lubricants, pharmaceuticals, crop protection, food safety and custom chemistry services. Albemarle was incorporated in 1887 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 8 of 8
Sector (Chemicals) 7 of 7
Type (Divestiture) 8 of 8
State (North Carolina) 1 of 1
Country (United States) 4 of 4
Year (2021) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-31 Mineral Resources - Wodgina hard rock lithium mine

Applecross, Australia

Mineral Resources Ltd. - Wodgina hard rock lithium mine is a mining service provider.

Buy -