M&A Deal Summary

Jindal Poly Films Acquires BOPP Films Business

On October 29, 2012, Jindal Poly Films acquired chemicals company BOPP Films Business from ExxonMobil

Acquisition Highlights
  • This is Jindal Poly Films’ 1st transaction in the Chemicals sector.
  • This is Jindal Poly Films’ 1st transaction in the United States.
  • This is Jindal Poly Films’ 1st transaction in New York.

M&A Deal Summary
Date 2012-10-29
Target BOPP Films Business
Sector Chemicals
Buyer(s) Jindal Poly Films
Sellers(s) ExxonMobil
Deal Type Divestiture

Target

BOPP Films Business

Macedon, New York, United States
BOPP is a manufacturer of polypropylene films with plants in Shawnee, Okla., LaGrange, Ga., Virton, Belgium, Brindisi, Italy, and Kerkrade, Netherlands.

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Buyer(S) 1

Buyer

Jindal Poly Films

New Delhi, India
Category Company
Founded 1984
Sector Packaging
DESCRIPTION

Jindal Poly Films Limited has been in Polyester business since 1984. The company manufactures Polyester (PET) and Polypropylene (OPP) films.

DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1

Seller(S) 1

SELLER

ExxonMobil

Spring, Texas, United States
Category Company
Founded 1870
Sector Oil/Gas Exploration
Employees62,000
Revenue 334.7B USD (2023)
DESCRIPTION
Entrance to Exxon Mobil's corporate campus in Irving, Texas.
Entrance to Exxon Mobil's corporate campus in Irving, Texas.

ExxonMobil is a global oil and gas exploration company. ExxonMobil's principal business is energy, involving exploration for, and production of, crude oil and natural gas, manufacture of petroleum products and transportation and sale of crude oil, natural gas and petroleum products. ExxonMobil is a major manufacturer and marketer of commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a wide variety of specialty products. Exxon was incorporated in 1870 and is based in Spring, Texas.

DEAL STATS #
Overall 1 of 7
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 5
State (New York) 1 of 1
Country (United States) 1 of 4
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-17 Celtic Exploration

Calgary, Alberta, Canada

Celtic Exploration is an oil and gas production company that in Canada’s Montney and Duvernay shale.

Buy CA$2.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-08 Exxon Mobil - Esso Card Program

United Kingdom

Esso Card Program offers a commercial fleet fuel card program that includes operations, funding, pricing and sales and marketing services.

Sell -
Mergr

Product

Company

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