M&A Deal Summary

INEOS Enterprises Acquires Flint Hills Resources - Chemicals Intermediates Business

On September 26, 2018, INEOS Enterprises acquired chemicals company Flint Hills Resources - Chemicals Intermediates Business from Flint Hills Resources

Acquisition Highlights
  • This is INEOS Enterprises’ 2nd transaction in the Chemicals sector.
  • This is INEOS Enterprises’ 2nd transaction in the United States.
  • This is INEOS Enterprises’ 1st transaction in Illinois.

M&A Deal Summary
Date 2018-09-26
Target Flint Hills Resources - Chemicals Intermediates Business
Sector Chemicals
Buyer(s) INEOS Enterprises
Sellers(s) Flint Hills Resources
Deal Type Divestiture

Target

Flint Hills Resources - Chemicals Intermediates Business

Chicago, Illinois, United States
Flint Hills Resources' chemicals intermediates business comprises of production facilities making purified Isophthalic acid (PIA), trimellitic anhydride (TMA) and maleic anhydride (MAN) located near Chicago, Illinois. It also has offices and distribution operations at various locations in the USA, Europe and Asia.

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Buyer(S) 1

Buyer

INEOS Enterprises

Runcorn, United Kingdom
Category Company
Sector Chemicals
DESCRIPTION

INEOS Enterprises Ltd. is a manufacture of chemical products.

DEAL STATS #
Overall 2 of 4
Sector (Chemicals) 2 of 3
Type (Divestiture) 1 of 3
State (Illinois) 1 of 1
Country (United States) 2 of 2
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-02 Calabrian

Port Neches, Texas, United States

Calabrian Corp. is a provider of sulfur dioxide and related derivatives used in wastewater treatment and other applications. The Company manufactures sulfur dioxide and downstream derivatives such as sodium sulfite, sodium bisulfite, sodium metabisulfite and sodium thiosulfate in its integrated manufacturing facility in Port Neches, TX. Its products are used in a broad range of industrial and municipal wastewater treatment applications to achieve compliance with federal and local water regulations, as well as other specialty applications in mining, personal care, pulp and paper processing, food preservation, oilfield production and disinfection.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-24 INEOS Enterprises - Melamines and Paraform

Runcorn, United Kingdom

INEOS Enterprises Ltd. - Melamines and Paraform cover operations sites in USA, Germany and a tolling operation in Indonesia. Paraform is a producer of Paraformaldehyde and employs about 120 people at its Mainz, Germany facility. Melamines supply of melamine resins into coatings, paper, textile, tire, rubber, and decorative laminates industries.

Sell -

Seller(S) 1

SELLER

Flint Hills Resources

Wichita, Kansas, United States
Category Company
Founded 2002
Sector Oil/Gas Exploration
DESCRIPTION

Flint Hills Resources is an independent refining, chemicals, and biofuels and ingredients company.

DEAL STATS #
Overall 2 of 3
Sector (Chemicals) 1 of 2
Type (Divestiture) 2 of 3
State (Illinois) 1 of 1
Country (United States) 2 of 3
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-23 Flint Hills Resources - Marketing & Logistics Assets

Alaska, United States

Flint Hills Resources - Marketing & Logistics Assets comprises wholesale fuel marketing contracts, storage terminals, and truck racks. The assets are located in the United States, an Anchorage terminal with 580,000 barrels of total in-service storage capacity, a truck rack, and rail loading capability and a Fairbanks airport terminal that includes 22,500 barrels of in-service jet fuel storage and truck rack.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-14 Epsilyte

The Woodlands, Texas, United States

Epsilyte is a premier EPS manufacturer in the North America. The company specializes in producing high-quality expanded polystyrene (EPS) beads for use in insulation materials, packing, safety equipment, geofoam, ICF blocks, foam wall insulation panels, and food and beverage containers. Epsilyte also offer products that are recyclable and biodegradable. Epsilyte is based in The Woodlands, Texas.

Sell -
Mergr

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