M&A Deal Summary

Huntsman Acquires CVC Thermoset Specialties

On March 16, 2020, Huntsman acquired chemicals company CVC Thermoset Specialties from Emerald Kalama Chemical for 300M USD

Acquisition Highlights
  • This is Huntsman’s 11th transaction in the Chemicals sector.
  • This is Huntsman’s 5th largest (disclosed) transaction.
  • This is Huntsman’s 5th transaction in the United States.
  • This is Huntsman’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2020-03-16
Target CVC Thermoset Specialties
Sector Chemicals
Buyer(s) Huntsman
Sellers(s) Emerald Kalama Chemical
Deal Type Divestiture
Deal Value 300M USD

Target

CVC Thermoset Specialties

Moorestown, New Jersey, United States
CVC Thermoset Specialties, Inc. is a developer of specialty materials including toughening agents and resins for high-performance thermoset systems and specialty nitrile latex for niche applications. CVC Thermoset Specialties was founded in 1982 and is based in Moorestown, New Jersey.

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Buyer(S) 1

Buyer

Huntsman

The Woodlands, Texas, United States

Category Company
Founded 1970
Sector Chemicals
Employees6,000
Revenue 6.1B USD (2023)
DESCRIPTION
Entrance to Huntsman's corporate headquarters in The Woodlands, Texas.
Entrance to Huntsman's corporate headquarters in The Woodlands, Texas.

Huntsman is a manufacturer of differentiated organic chemical products and inorganic chemical products. The Company's products comprise a broad range of chemicals and formulations which are marketed globally to a diversified group of consumer and industrial customers. Huntsman's products are used in a wide range of applications, including those in the adhesives, aerospace, automotive, construction products, personal care and hygiene, durable and non-durable consumer products, electronics, medical, packaging, paints and coatings, power generation, refining, synthetic fiber, textile chemicals and dye industries. Huntsman was founded in 1970 and is based in The Woodlands, Texas.


DEAL STATS #
Overall 15 of 16
Sector (Chemicals) 11 of 12
Type (Divestiture) 5 of 5
State (New Jersey) 1 of 1
Country (United States) 5 of 6
Year (2020) 1 of 2
Size (of disclosed) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-05 Icynene-Lapolla

Houston, Texas, United States

Icynene-Lapolla is a manufacturer and distributor of spray polyurethane foam insulation products. Contractors install spray foam insulation in walls, ceilings, floors, attics, and hard-to-insulate areas across a diverse set of construction end markets, including new custom residential, new production residential, commercial, remodeling, and specialty non-construction applications. Icynene-Lapolla was founded in 1986 and is based in Houston, Texas.

Buy $350M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-28 Venator Materials

Stockton-on-Tees, United Kingdom

Venator Materials is a global manufacturer and marketer of chemical products that comprise a broad range of pigments and additives that bring color and vibrancy to buildings, protect and extend product life, and reduce energy consumption. Venator market products globally to a diversified group of industrial customers through two segments: Titanium Dioxide, which consists of our TiO2 business, and Performance Additives, which consists of functional additives, color pigments, timber treatment, and water treatment businesses. Venator Materials is based in Stockton-on-Tees, United Kingdom.

Sell -

Seller(S) 1

SELLER

Emerald Kalama Chemical

Vancouver, Washington, United States

Category Company
Founded 2006
Sector Chemicals
Employees600
DESCRIPTION

Emerald Kalama Chemical is a premier material solutions provider, with a wide portfolio of quality ingredients that bring value and performance to applications such as adhesives, foods, beverages, fragrances, cosmetics, home care, vinyl, and other consumer and industrial products. Emerald Kalama Chemical LLC was founded in 2006 and is based in Vancouver, Washington.


DEAL STATS #
Overall 2 of 2
Sector (Chemicals) 2 of 2
Type (Divestiture) 2 of 2
State (New Jersey) 1 of 1
Country (United States) 2 of 2
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-06 Emerald Performance Materials - Specialties and Polymer Additives and Nitriles Businesses

United States

Emerald Performance Materials LLC - Specialties and Polymer Additives and Nitriles Businesses is a provider of advanced specialty chemicals.

Sell -