M&A Deal Summary

Gulf Oil Corp Acquires Houghton International

On December 22, 2012, Gulf Oil Corp acquired chemicals company Houghton International from AEA Investors for 1.0B USD

Acquisition Highlights
  • This is Gulf Oil Corp’s 1st transaction in the Chemicals sector.
  • This is Gulf Oil Corp’s largest (disclosed) transaction.
  • This is Gulf Oil Corp’s 1st transaction in the United States.
  • This is Gulf Oil Corp’s 1st transaction in Pennsylvania.
Investment Fate
  • Houghton International merged with another company in 2017 for 173M USD.

M&A Deal Summary

Date 2012-12-22
Target Houghton International
Sector Chemicals
Buyer(s) Gulf Oil Corp
Sellers(s) AEA Investors
Deal Type Add-on Acquisition
Deal Value 1.0B USD

Target

Houghton International

Valley Forge, Pennsylvania, United States
Houghton International, Inc. is a producer of metalworking fluids and provider of chemical management services. Houghton International operates research, manufacturing and office locations in 33 countries around the world delivering solutions that increase productivity, reduce operating costs and improve product quality for our customers. Houghton International was established in 1865 and is based in Valley Forge, Pennsylvania.

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Buyer(S) 1

Buyer

Gulf Oil Corp

Hyderabad, India

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Gulf Oil Corporation Ltd (Gulf) is a part of the Gulf Oil International Group. Gulf Oil International is one of the largest independently owned downstream lubricants companies in the world.


DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-05 Houghton International

Valley Forge, Pennsylvania, United States

Houghton International, Inc. is a producer of metalworking fluids and provider of chemical management services. Houghton International operates research, manufacturing and office locations in 33 countries around the world delivering solutions that increase productivity, reduce operating costs and improve product quality for our customers. Houghton International was established in 1865 and is based in Valley Forge, Pennsylvania.

Sell $173M

Seller(S) 1

SELLER

AEA Investors

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

AEA Investors is a private investment firm focused on investing in and acquiring businesses headquartered primarily in the US, Europe, and China. AEA looks for companies operating in stable to growing industries with a proven ability to generate positive cash-flow. Broad sectors of interest include value-added industrial products/services, specialty chemicals, consumer products, and services. In addition to its primary middle-market private equity fund, AEA maintains additional funds targeted towards mezzanine financing, senior secured debt, and small business buyouts. AEA Investors was formed in 1968 and is based in New York City.


DEAL STATS #
Overall 25 of 79
Sector (Chemicals) 4 of 6
Type (Add-on Acquisition) 10 of 26
State (Pennsylvania) 3 of 8
Country (United States) 22 of 71
Year (2012) 3 of 4
Size (of disclosed) 6 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-13 Dematic

Atlanta, Georgia, United States

Dematic is a global provider of logistics automation equipment with a focus on distribution and industry applications. Dematic Corp. was formed in 2006 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-31 Air Cooled Exchangers

Broken Arrow, Oklahoma, United States

Air Cooled Exchangers LLC based is a manufacturer of air-cooled heat exchangers for natural gas compression systems and other applications.

Sell -