M&A Deal Summary

Ingevity Acquires Perstorp AB - CapaTM Caprolactone Division

On December 10, 2018, Ingevity acquired chemicals company Perstorp AB - CapaTM Caprolactone Division from Perstorp for 590M EUR

Acquisition Highlights
  • This is Ingevity’s 2nd transaction in the Chemicals sector.
  • This is Ingevity’s 0th largest (disclosed) transaction.
  • This is Ingevity’s 1st transaction in Sweden.

M&A Deal Summary

Date 2018-12-10
Target Perstorp AB - CapaTM Caprolactone Division
Sector Chemicals
Buyer(s) Ingevity
Sellers(s) Perstorp
Deal Type Divestiture
Deal Value 590M EUR

Target

Perstorp AB - CapaTM Caprolactone Division

Perstorp, Sweden
Perstorp AB - CapaTM Caprolactone Division is a provider in the production and commercialization of caprolactone and high-value downstream derivatives, including caprolactone polyols, caprolactone thermoplastics, caprolactone lactides, and hexanediol (HDO).

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Buyer(S) 1

Buyer

Ingevity

North Charleston, South Carolina, United States

Category Company
Founded 1964
Sector Chemicals
Employees1,600
Revenue 1.4B USD (2024)
DESCRIPTION

Ingevity is a provider of specialty chemicals and high-performance carbon materials and technologies that help customers solve complex problems. Ingevity was founded in 1964 and is based in North Charleston, South Carolina.


DEAL STATS #
Overall 2 of 5
Sector: Chemicals M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
Country: Sweden M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-22 Georgia-Pacific Chemicals - Pine Chemical Business

Atlanta, Georgia, United States

Georgia-Pacific Chemicals LLC - Pine Chemical Business is a manufacturer and marketer of pine-based tall oil fatty acids, tall oil rosin, and tall oil rosin esters used in adhesives, cleaners, paints and other coatings, inks, metalworking, mining, oilfield, packaging and rubber processing.

Buy $315M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-11 Adsorbed Natural Gas Products

Charleston, South Carolina, United States

Adsorbed Natural Gas Products, Inc. is a provider of low-pressure, bi-fuel solution for light-duty vehicles like pickup trucks, SUVs, and service vans. Adsorbed Natural Gas Products is based in Charleston, South Carolina.

Buy -

Seller(S) 1

SELLER

Perstorp

Malmo, Sweden

Category Company
Founded 1881
Sector Chemicals
Employees1,500
Revenue 13.6B SEK (2017)
DESCRIPTION

Perstorp is a provider in the production of specialty chemical additives notably for the coatings and resin industries. Perstorp was founded in 1881 and is based in Malmo, Sweden.


DEAL STATS #
Overall 3 of 3
Sector: Chemicals M&A 3 of 3
Type: Divestiture M&A Deals 3 of 3
Country: Sweden M&A 2 of 2
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-06 Perstorp Oxo Belgium AB

Evergem, Belgium

Perstorp Belgium is a niche performance additives business serving the decorative and industrial coatings industries. It has strong market leadership positions (#1 or #2) and serves a highly attractive, blue-chip customer base. The business operates from a well located, single site in Ghent, Belgium where there is potential for growth capacity for future demand.

Sell €78M