M&A Deal Summary

INEOS Capital Acquires Axiall - Aromatics Business

On October 1, 2015, INEOS Capital acquired chemicals company Axiall - Aromatics Business from Axiall for 63M USD

Acquisition Highlights
  • This is INEOS Capital’s 2nd transaction in the Chemicals sector.
  • This is INEOS Capital’s largest (disclosed) transaction.
  • This is INEOS Capital’s 1st transaction in the United States.
  • This is INEOS Capital’s 1st transaction in Texas.

M&A Deal Summary
Date 2015-10-01
Target Axiall - Aromatics Business
Sector Chemicals
Buyer(s) INEOS Capital
Sellers(s) Axiall
Deal Type Divestiture
Deal Value 63M USD

Target

Axiall - Aromatics Business

Pasadena, Texas, United States
Axiall Corporation's Aromatics Business comprises the cumene plant, based in Pasadena, Texas, producing 900,000 tonnes of product and employing around 43 people.

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Buyer(S) 1

Buyer

INEOS Capital

Rolle, Switzerland
Category Company
Sector Chemicals
DESCRIPTION

INEOS is a global manufacturer of petrochemicals, speciality chemicals and oil products. It comprises 15 businesses each with a major chemical company heritage. Its production network spans 65 manufacturing facilities in 16 countries throughout the world.

DEAL STATS #
Overall 2 of 2
Sector (Chemicals) 2 of 2
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-01 Methanova

Mainz-Mombach, Germany

Methanova GmbH company produces methanol derivatives such as formaldehyde and paraformaldehyde, which among others are used in the production of phenolic, urea and melamine resin.

Buy -

Seller(S) 1

SELLER

Axiall

Atlanta, Georgia, United States
Category Company
Founded 1984
Sector Chemicals
Employees5,830
Revenue 3.4B USD (2015)
DESCRIPTION

Axiall Corp. is an integrated chemicals and building products company. Axiall has manufacturing facilities located throughout North America and in Asia to provide industry-leading materials and services to customers.

DEAL STATS #
Overall 2 of 5
Sector (Chemicals) 2 of 4
Type (Divestiture) 2 of 4
State (Texas) 1 of 1
Country (United States) 2 of 3
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-30 Georgia Gulf - Milford Facility

Atlanta, Georgia, United States

Georgia Gulf Corp. - Milford Facility is a provider of chemical business, the facility also includes a production area, warehouse and administrative offices.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-25 ENERGI Fenestration Solutions

Woodbridge, Ontario, Canada

ENERGI Fenestration Solutions is a manufacturer and distributor of a broad range of state-of-the-art exterior building materials for the home remodeling, building and municipal construction markets.

Sell -
Mergr

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