Divestiture • Chemicals

Huber Engineered Materials Acquires MAGNIFIN Magnesiaprodukte & Co KG

On December 16, 2015, Huber Engineered Materials acquired chemicals company MAGNIFIN Magnesiaprodukte & Co KG from Albemarle

Acquisition Context
  • This is Huber Engineered Materials’ 2nd transaction in the Chemicals sector.
  • This is Huber Engineered Materials’ 1st transaction in Austria.

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M&A Deal Summary

Date December 16, 2015
Target MAGNIFIN Magnesiaprodukte & Co KG
Sector Chemicals
Buyer(s) Huber Engineered Materials
Sellers(s) Albemarle
Deal Type Divestiture

Target Company

MAGNIFIN Magnesiaprodukte & Co KG

Hochlantsch, Austria
MAGNIFIN Magnesiaprodukte GmbH & Co KG is a manufacturer and distributor of high quality magnesium oxide and hydroxide powders,
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Buyer Overview 1

Buyer

Huber Engineered Materials

Atlanta, Georgia, United States

Category Company
Founded 1998
Sector Chemicals
Revenue 300M USD (2016)
DESCRIPTION

Huber Engineered Materials is a provider of engineered specialty chemical ingredients that enhance the performance, appeal and processing of a broad range of products used in industrial and consumer-based applications.


Deal Context for Buyer #
Overall 2 of 3
Sector: Chemicals 2 of 3
Type: Divestiture 2 of 2
Country: Austria 1 of 1
Year: 2015 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-16 Martinswerk

Bergheim, Germany

Martinswerk GmbH is a provider of special chemical products based on aluminium hydroxides and oxides.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-01 Miller Chemical & Fertilizer

Hanover, Pennsylvania, United States

Miller Chemical & Fertilizer LLC (“Miller”) manufactures and distributes non-hazardous crop protection adjuvants and nutritional agrichemical products designed to improve plant and crop production quality and yield. Miller sells its products into the farming and agricultural industries in more than 90 countries via its global sales force of skilled agronomists and distributors and targets the high-value segment of fruits, nuts, and vegetables.

Buy -

Seller Profile 1

SELLER

Albemarle

Charlotte, North Carolina, United States

Category Company
Founded 1887
Sector Chemicals
Employees7,400
Revenue 5.4B USD (2024)
DESCRIPTION

Albemarle develops, manufactures, and markets engineered specialty chemicals to meet customer needs across a diverse range of end markets. The company's services 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 Context for Seller #
Overall 4 of 9
Sector: Chemicals 3 of 8
Type: Divestiture 4 of 9
Country: Austria 1 of 1
Year: 2015 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-16 Martinswerk

Bergheim, Germany

Martinswerk GmbH is a provider of special chemical products based on aluminium hydroxides and oxides.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-04 Albemarle Corp - Tribotecc Metal Sulfides Business

United States

Albemarle Corp - Tribotecc Metal Sulfides Business is a provider of chemical products.

Sell -

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