M&A Deal Summary

ITWC Acquires Air Products MDI Business

On January 26, 2004, ITWC acquired chemicals company Air Products MDI Business from Air Products and Chemicals

Acquisition Highlights
  • This is ITWC’s 1st transaction in the Chemicals sector.
  • This is ITWC’s 1st transaction in the United States.

M&A Deal Summary

Date 2004-01-26
Target Air Products MDI Business
Sector Chemicals
Buyer(s) ITWC
Sellers(s) Air Products and Chemicals
Deal Type Divestiture

Target

Air Products MDI Business

United States
Air Products Methylene-Diphenylene Isocyanate business, Prepolymers are used extensively in a wide array of plastic parts and products ranging from shopping cart and industrial wheels to bowling balls, golf ball covers, and various mechanical goods, as a few examples.

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Buyer(S) 1

Buyer

ITWC

Malcom,, Iowa, United States

Category Company
Founded 1988
Sector Chemicals
DESCRIPTION

ITWC, Inc. is a solutions oriented, full service provider to the urethane industry. The company's focus is on making and providing high quality prepolymers, systems, modified MDIs, curatives and mold release in quantities from pails to bulk.


DEAL STATS #
Overall 1 of 1
Sector: Chemicals M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2004 M&A 1 of 1

Seller(S) 1

SELLER

Air Products and Chemicals

Allentown, Pennsylvania, United States

Category Company
Founded 1940
Sector Chemicals
Employees23,000
Revenue 12.1B USD (2024)
DESCRIPTION

Air Products and Chemicals serves energy, electronics, chemicals, steel, and manufacturing customers globally with a unique portfolio of products, services, and solutions that include atmospheric gases, process and specialty gases, performance materials, equipment, and services. The Company is a supplier of hydrogen and helium and has built leading positions in growth markets such as semiconductor materials, refinery hydrogen, natural gas liquefaction, and advanced coatings and adhesives. Air Products and Chemicals was incorporated in 1940 and is based in Allentown, Pennsylvania.


DEAL STATS #
Overall 1 of 15
Sector: Chemicals M&A 1 of 9
Type: Divestiture M&A Deals 1 of 13
Country: United States M&A 1 of 13
Year: 2004 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-01 CryoService

Worcester, United Kingdom

CryoService quickly developed a reputation as the supplier of choice for critical applications, pioneering a unique delivery service and developing innovative storage solutions that provide tangible benefits to thousands of customers across the UK.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-04-19 Precision Purification Services

Dallas, Texas, United States

Precision Purification Services, a provider of parts cleaning services to the semiconductor manufacturing industry. The acquisition allows Air Products to offer additional parts cleaning capabilities to complement those found at its Phoenix, Ariz. and Carrollton, Tex. facilities.

Buy -